週五，比特幣（BTC）恢復的希望消失了，因為幾乎所有收益都消除了市場範圍

比特幣（BTC）每天徘徊在88,000美元以下，最近跌至83,800美元，在過去的24小時內下跌了3.8％。

Any hopes for the crypto recovery to continue vanished on Friday, as a market-wide rout erased virtually all gains from earlier this week.

任何希望加密貨幣恢復繼續在周五繼續消失的希望，因為本週早些時候，幾乎所有市場都刪除了所有收益。

Bitcoin (BTC), hovering just below $88,000 a day ago, tumbled to $83,800 recently and is down 3.8% over the past 24 hours. The broad-market benchmark CoinDesk 20 Index declined 5.7%, with native cryptos Avalanche (AVAX), Polygon (POL), Near (NEAR), and Uniswap (UNI) all nursing almost 10% losses during the same period. Today's sell-off wiped out $115 billion of the total market value of cryptocurrencies, TradingView data shows.

比特幣（BTC）每天徘徊在88,000美元以下，最近跌至83,800美元，在過去的24小時內下跌了3.8％。廣泛的市場基準Coindesk 20指數下降了5.7％，本地加密雪崩（Avax），Polygon（POL），附近（接近）和UNISWAP（UNI）在同一時期均幾乎10％的損失。 TradingView數據顯示，今天的拋售量消除了150億美元的加密貨幣總市場價值。

Ethereum’s ether (ETH) dropped over 6% to extend its downtrend against BTC, falling to its weakest relative price to the largest cryptocurrency since May 2020.

以太坊的以太（ETH）下降了6％以上，以擴大對BTC的下降趨勢，降至其最弱的相對價格至2020年5月以來最大的加密貨幣。

Underscoring the bearish trend, spot ETH exchange-traded funds failed to attract any net inflows since early March, while their BTC counterparts saw over $1 billion of inflows in the past two weeks, according to Farside Investors data.

根據Farside Investors的數據，在3月初以來，現貨ETH交易所交易貿易資金未能吸引任何淨流入，而BTC的同行在過去兩周中的流入超過10億美元。

The ugly crypto price action coincided with U.S. stocks selling off during the day on poor economic data, with the S&P 500 and the tech-heavy Nasdaq index down 2% and 2.8%, respectively. Crypto-focused stocks also suffered heavy losses: Strategy (MSTR), the largest corporate BTC holder, closed the day 10% lower, while crypto exchange Coinbase (COIN) dropped 7.7%.

醜陋的加密價格行動恰逢美國股票在白天以不良的經濟數據售罄，標準普爾500指數和高科技較重的納斯達克指數分別下跌了2％和2.8％。以加密貨幣為重點的股票也遭受了嚴重的損失：最大的公司BTC持有人戰略（MSTR），關閉了10％的關閉，而加密交易所Coinbase（Coin）下降了7.7％。

The February PCE inflation report, released this morning, showed a 2.5% year-over-year increase in the price index, with core inflation at 2.8%, slightly above expectations. Consumer spending showed a modest 0.4% rise, but inflation-adjusted figures indicate minimal growth, suggesting potential headwinds for economic growth. The Federal Reserve of Atlanta’s GDPNow model now projects the U.S. economy to contract 2.8% in the first quarter, -0.5% adjusted for gold imports and exports, spurring stagplationary fears.

2月份的PCE通貨膨脹報告今天發布，顯示價格指數同比增長2.5％，核心通貨膨脹率為2.8％，略高於預期。消費者支出顯示出適度的0.4％上升，但通貨膨脹調整後的數字表明增長最少，這表明經濟增長的潛在逆風。亞特蘭大的GDPNOW模式的美聯儲現在預計美國經濟在第一季度將簽約2.8％，為-0.5％調整了黃金進口和出口，激發了滯留的恐懼。

The implementation of broad-scale U.S. tariffs next week – the so-called "Liberation Day' on April 2, as the Trump administration refers to – also compounded investor concerns across markets.

下週實施廣泛的美國關稅 - 特朗普政府所指的所謂的“解放日”，也使投資者擔心在市場上。

CME gapfill or another leg lower?

CME Gapfill還是另一隻腿較低？

Bitcoin has closely correlated with the Nasdaq lately, so U.S. equities rolling over for another leg down could weigh on the broader crypto market. However, on a more optimistic note, today's decline could be BTC filling the price gap at around $84,000-$85,000 between Monday’s open and the previous week’s close on the Chicago Mercantile Exchange futures market. Historically, BTC usually revisited similar CME gaps and a drop to $84,000 was in the cards, CoinDesk senior analyst James Van Straten noted earlier this week.

比特幣最近與納斯達克密切相關，因此美國股票不斷倒閉，可能會在更廣泛的加密市場上權衡。但是，從一個更樂觀的角度來看，今天的下降可能是BTC在周一開放與上周芝加哥商業交易所期貨市場的上一周之間的價格差距約為84,000至85,000美元。 Coindesk高級分析師James Van Straten本週早些時候指出，BTC通常會重新審視類似的CME差距，並在卡中降至84,000美元。

"At this stage it’s difficult to determine if we have already seen a bottom in 2025," Joel Kruger, market strategist at LMAX Group, said in a market note. Despite the on-going correction, he noted several positive trends such as crypto-friendly policies in the U.S. and more traditional financial firms entering the industry or expanding crypto offerings, which could bode well for digital assets later in the year.

LMAX Group市場策略師喬爾·克魯格（Joel Kruger）在市場票據中說：“在這個階段，很難確定我們是否已經在2025年看到了底部。”儘管進行了持續的糾正，但他注意到了幾個積極的趨勢，例如美國的加密友好政策以及更傳統的金融公司進入該行業或擴大加密產品，這對於今年晚些時候的數字資產可能會很好。

"Any additional setbacks that we might see should be exceptionally well supported into the $70-75k area," he added.

他補充說：“我們可能看到的任何其他挫折都應該得到70-75K $ 70-75K的支持。”