上週，加密貨幣市場一直在過山車

從監管的角度來看，美國政府採取了措施，表明向擁抱加密貨幣轉變。

The cryptocurrency market experienced a week of mixed signals, with promising developments on the regulatory front in the U.S. juxtaposed by double-digit price declines across major digital assets.

加密貨幣市場經歷了一周的混合信號，在美國的監管方面有前途的發展，在大型數字資產中，兩位數的價格並列。

As reported by Investing.com, President Donald Trump is set to roll back Biden-era policies that limited regulated banks’ involvement in crypto-related activities. This move, which cancels what some have called ‘Operation Chokepoint 2.0,’ signals a more favorable environment for crypto institutions.

正如Investing.com報導的那樣，唐納德·特朗普總統將撤銷拜登時代的政策，這些政策限制了監管銀行參與與加密相關的活動。這一舉動取消了一些人所說的“ Chokepoint 2.0”，這向加密機構提供了更有利的環境。

However, despite the anticipated policy shift, which crypto investors largely view as a win, major crypto exchange Coinbase Global (NASDAQ:COIN) saw its stock plummet as much as 17.6% this week.

然而，儘管預期的政策轉變（加密投資者在很大程度上將其視為勝利），但少校加密交易所Coinbase Global（NASDAQ：COIN）本週的股票下降了多達17.6％。

Coinbase is a leading crypto trading platform, and its financial performance is heavily reliant on overall market sentiment and trading volume. With prices of major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) declining and trading activity slowing, revenue expectations for Coinbase have been hit hard. By Friday afternoon, Coinbase shares settled with a 16% weekly decline.

Coinbase是一個領先的加密交易平台，其財務業績在很大程度上依賴於整體市場情緒和交易量。隨著比特幣（BTC）和以太坊（ETH）的主要加密貨幣價格下降和交易活動放緩的價格，對Coinbase的收入預期受到了巨大打擊。到星期五下午，Coinbase股票每週下降16％。

Moreover, Bitcoin miner MARA Holdings (NASDAQ:MARA) suffered a steep loss, with its stock price plummeting by 22.7% before stabilizing with a 19.2% weekly decline by Friday afternoon.

此外，比特幣礦工Mara Holdings（NASDAQ：MARA）遭受了巨大的損失，其股價下降了22.7％，隨後穩定，到週五下午每週下降19.2％。

Mining stocks are especially sensitive to Bitcoin’s price fluctuations. As the world’s largest cryptocurrency faces a downturn, lower valuations exert pressure on mining firms to maintain operational efficiency and sustain margins in a volatile environment.

採礦股對比特幣的價格波動特別敏感。隨著世界上最大的加密貨幣面臨著衰退，較低的估值對採礦公司施加壓力，以維持運營效率並在波動的環境中維持利潤率。

Among cryptocurrency prices, Solana’s (CRYPTO:SOL) token experienced a steep drop, falling by as much as 16.8% before recovering slightly to show an 8.7% weekly decline by Friday afternoon.

在加密貨幣價格中，索拉納（Crypto：Sol）代幣的急劇下降，下降了16.8％，然後稍微恢復到週五下午的每週下降8.7％。

Solana, a blockchain platform recognized for its speed and minimal transaction costs, has gained popularity among investors, especially during the recent bull market. However, the broader market correction has affected Solana’s price, dragging it down despite its strengths. The selloff also highlights investor caution and profit-taking after recent gains in the altcoin space.

索拉納（Solana）是一個以其速度和最低交易成本認可的區塊鏈平台，在投資者中廣受歡迎，尤其是在最近的牛市期間。但是，更廣泛的市場更正影響了Solana的價格，儘管有優勢，但仍將其拖延。該拋售還強調了投資者的謹慎和獲利，此前Altcoin領域的收益最近。

In the crypto market, optimism is running high regarding the Trump administration’s intent to create a more supportive regulatory environment. Still, the crypto markets remain largely unpredictable. Investor sentiment will continue to be influenced by macroeconomic trends, Federal Reserve policy decisions, and institutional adoption. In the short term, traders should prepare for continued volatility, but long-term prospects for the industry remain promising as regulatory clarity improves.

在加密貨幣市場中，對特朗普政府創造更具支持性的監管環境的意圖的樂觀情緒持高度的興趣。儘管如此，加密貨幣市場仍然無法預測。投資者的情緒將繼續受到宏觀經濟趨勢，美聯儲政策決策和機構採用的影響。在短期內，交易者應該為繼續波動做準備，但是隨著法規清晰度的提高，該行業的長期前景仍然有希望。

For now, crypto investors are left to process a market scenario where positive policy developments have yet to translate into price stability. Whether this trend reverses in the coming weeks remains to be seen, but one thing is certain—volatility remains a defining characteristic of the crypto landscape.

目前，加密貨幣投資者被留下來處理積極政策發展尚未轉化為價格穩定的市場情況。在接下來的幾周中，這種趨勢是否逆轉還有待觀察，但是可以肯定的是，揮發性仍然是加密景觀的定義特徵。