加密貨幣價格全面下跌

在過去的24小時內，加密貨幣價格在過去的24小時內均下降，這是由於加深美中貿易緊張局勢引發的更廣泛的風險資產拋售。

Cryptocurrency prices are down across the better part of the board over the last 24 hours amid a wider risk asset sell-off triggered by deepening U.S.-China trade tensions.

在過去24小時內，加密貨幣價格在董事會的大部分時間下降，這是由於加深美中貿易緊張局勢觸發的更大風險資產拋售。

The White House said China now “faces up to a 245% tariff on imports” and imposed new restrictions on chip exports to the country. Bitcoin (BTC) fell more than 2.2% while the broader market, measured by the CoinDesk 20 (CD20) index, declined 3.75%.

白宮說，中國現在“面臨245％的進口稅率”，並對向該國的芯片出口施加了新的限制。比特幣（BTC）下降了2.2％以上，而Coindesk 20（CD20）指數衡量的更廣泛的市場下跌了3.75％。

Nasdaq 100 futures are also down, losing more than 1% while S&P 500 futures dropped 0.65%.

納斯達克100期貨也下降了，損失了1％以上，而標準普爾500年期貨下跌0.65％。

While bitcoin has remained notably stable as the trade war escalated, some metrics suggest the bull run may have ended.

儘管隨著貿易戰爭的升級，比特幣仍然非常穩定，但一些指標表明牛市可能已經結束。

The largest cryptocurrency slipped below its 200-day simple moving average on March 9, suggesting “the token’s recent steep decline qualifies this as a bear market cycle starting in late March,” Coinbase Institutional said in a note

Coinbase Institutional在一份票據中說，最大的加密貨幣在3月9日低於其200天簡單移動平均水平以下，這表明“令牌最近的急劇下降將其作為熊市週期從3月下旬開始。”

A risk-adjusted performance measured in standard deviations known as the Z-Score shows the bull cycle ended in late February, with subsequent activity seen as neutral, according to Coinbase Institutional’s global head of research, David Duong.

根據Coinbase機構的全球研究負責人David Duong的說法，在稱為Z得分的標準偏差中測得的風險調整性能顯示了2月下旬的牛週期結束，隨後的活動被視為中性。

“The chart pattern and Z-Score both suggest that the crypto bull market, which began in December 2022, has ended,” Duong said.

杜恩說：“圖表模式和Z分數都表明，始於2022年12月的加密牛市已經結束。”

Still, the resilience cryptocurrency prices have shown is “undoubtedly good for the market,” as it lets traders “look more seriously at using premium to hedge — supporting the case for allocating into spot,” said Jake O., an OTC trader at crypto market maker Wintermute.

儘管如此，彈性貨幣價格已經顯示出“無疑對市場有益”，因為它使交易者“更加認真地看著使用Premium來對沖 - 支持分配現場的案例，” Crypto Maker Maker Maker Maker Wintermute的OTC Trader。

“In response, several prime brokers have shifted their short-term models from underweight to neutral on risk assets, noting that the next move will likely be driven by ‘real’ data,” Jake O. Said in an emailed statement.

Jake O.在一封電子郵件聲明中說：“作為回應，幾家主要經紀人將其短期模型從體重不足轉移到了風險資產中性，並指出下一步可能會由“真實”數據驅動。”

That “real data” is coming in soon enough, with the U.S. Census Bureau set to release March retail sales data, and Fed Chair Jerome Powell delivering a speech on economic outlook.

美國人口普查局將發布3月的零售數據，而美聯儲主席杰羅姆·鮑威爾（Jerome Powell）發表了有關經濟前景的演講，因此“真實數據”即將到來。

Tomorrow, the U.S. Department of Labor releases unemployment insurance data and the Census Bureau releases residential construction data, while the ECB is expected to cut interest rates.

明天，美國勞工部發布了失業保險數據，人口普查局發布了住宅建築數據，而歐洲央行則有望降低利率。

The shakiness in risk assets has benefited gold. The precious metal is up around 26.5% year-to-date to above $3,300 per troy ounce, contrasting with the U.S. Dollar Index’s 9% drop. Stay alert!

風險資產的不穩定使黃金受益。貴金屬年齡上漲約26.5％，至每盎司3,300美元以上，與美元指數的下降9％形成鮮明對比。保持警覺！