加密貨幣市場的興衰

唐納德·特朗普（Donald Trump）贏得美國總統大選後，比特幣達到了新的歷史最高水平，從11月5日的68,000美元上升到11月13日的90,000美元以上。

The cryptocurrency market experienced significant ups and downs in 2025, largely influenced by Donald Trump's return to the political scene and his surprising initiatives in the digital asset realm.

加密貨幣市場在2025年經歷了巨大的起伏，在很大程度上受唐納德·特朗普（Donald Trump）重返政治舞台的影響以及他在數字資產領域中令人驚訝的舉措。

Trump's campaign promises to make the United States the world leader in crypto assets and to start storing Bitcoin reserves played a crucial role in the market's initial surge. Two days before his inauguration, Trump became the first world leader to launch his cryptocurrency, $TRUMP, followed by his wife Melania announcing the launch of her memecoin, $MELANIA.

特朗普的競選活動有望使美國成為加密資產的全球領導者，並開始存儲比特幣儲備在市場的最初激增中起著至關重要的作用。在就職典禮前兩天，特朗普成為首位推出他的加密貨幣$特朗普的世界領導人，隨後是他的妻子梅拉尼亞（Melania）宣布發射她的成員$ Melania。

Both crypto assets experienced rapid growth until the day Trump was to officially return to the White House. The price of the TRUMP token, which initially hovered around $3 per unit, quickly rose to $70 in just a few days, reaching a peak market capitalization of around $14 billion. At the same time, 80% of the total supply of coins was controlled by companies associated with Donald Trump.

兩家加密資產都經歷了快速增長，直到特朗普正式返回白宮的那一天。特朗普代幣的價格最初徘徊在每單位3美元左右，在短短幾天內迅速上升至70美元，達到了140億美元的峰值市值。同時，硬幣總供應的80％由與唐納德·特朗普（Donald Trump）相關的公司控制。

The cryptocurrency $MELANIA also had a notable impact on the market, briefly causing volatility in the price of $TRUMP, which fell from $75 to $30 before stabilizing in the range of $55–64. However, as Trump failed to mention Bitcoin or his token in his inaugural speech, the cryptocurrency market experienced a significant drop for the first time in 2025.

Melania的加密貨幣$也對市場產生了顯著影響，導致特朗普的價格波動，從75美元下降到30美元，然後穩定在55-64美元的範圍內。但是，由於特朗普在就職演講中未提及比特幣或他的象徵，因此加密貨幣市場在2025年首次下降。

In particular, $TRUMP and $MELANIA updated their first historical lows of $25 and $4 per coin, respectively. Currently, the value of $TRUMP is $18 and $MELANIA is $1.5. Despite this, according to Coinbase chief product officer Conor Grogan, Trump could have made more than $800 million from his token.

特別是，特朗普和$ Melania分別更新了他們的第一個歷史低點25美元和每枚硬幣4美元。目前，特朗普的價值為$ 18，$ Melania為$ 1.5。儘管如此，根據Coinbase首席產品官員Conor Grogan的說法，特朗普本來可以從他的代幣中賺取超過8億美元。

Amid Trump's new cryptocurrency orders, the market began to recover on January 23. In particular, he will create a presidential task force on digital asset markets. It is tasked with developing a federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national reserve of digital assets.

在特朗普的新加密貨幣命令中，市場於1月23日開始恢復。特別是，他將在數字資產市場上建立一個總統任務組。它的任務是開發一個管理數字資產的聯邦監管框架，包括StableCoins，並評估創建戰略國家的數字資產儲備。

The task force will be led by White House AI and Cryptocurrency Director David Sachs. It will include the Treasury Secretary, SEC Chairman, and other department heads, as well as leading experts in the field of digital assets and markets. In addition, Trump's son Eric promises zero capital gains tax for American crypto in the future, while foreign projects will pay 30%.

該工作隊將由白宮AI和加密貨幣董事David Sachs領導。它將包括財政部長，SEC主席和其他部門負責人，以及數字資產和市場領域的領先專家。此外，特朗普的兒子埃里克（Eric）承諾將來對美國加密貨幣的零資本利得稅，而外國項目將支付30％。

At the same time, the CEO of the cryptocurrency platform for payment systems Ripple, Brad Garlinghouse, said that he had held talks with Trump about making XRP (the company's cryptocurrency) a strategic reserve asset of the United States. Subsequently, the US Securities and Exchange Commission (SEC) removed all legal cases related to Ripple. These decisions had a positive effect on the growth of both XRP and other cryptocurrencies.

同時，布拉德·加林豪斯（Brad Garlinghouse）的支付系統漣漪的加密貨幣平台首席執行官說，他已經與特朗普舉行了會談，即有關使XRP（該公司的加密貨幣）成為美國的戰略儲備資產。隨後，美國證券交易委員會（SEC）刪除了與波紋有關的所有法律案件。這些決定對XRP和其他加密貨幣的增長都有積極的影響。

However, within a few days, world markets fell under the pressure of ChatGPT's main competitor - the Chinese artificial intelligence company DeepSeek. The emergence of a new player caused panic in the technology segment of the stock market.

但是，在幾天之內，世界市場落在了Chatgpt的主要競爭對手 - 中國人工智能公司DeepSeek的壓力下。新玩家的出現引起了股票市場技術領域的恐慌。

For example, NVIDIA, which produces the most powerful microchips in the world, suffered the largest one-day loss in history, which reached $ 600 billion from the company's market capitalization, which led to a decrease of $ 1 trillion in the US technology sector.

例如，生產世界上最強大的微芯片的Nvidia遭受了歷史上最大的一日損失，該公司的市值從公司的市值下降了6000億美元，這導緻美國技術部門的1萬億美元下降了。

The cryptocurrency market reacted to this news with a very strong decline. The fall in the price of Bitcoin to $100,000 occurred after the coin reached a peak of over $108,000 last month. And the bearish (pessimistic) sentiment among retail and institutional investors intensified in the market. The price of Bitcoin is a barometer of market sentiment and trends. If Bitcoin falls, the market usually follows it.

加密貨幣市場對這一消息做出了反應，並有很大的下降。硬幣上個月的高峰超過108,000美元之後，比特幣的價格下跌了100,000美元。零售和機構投資者之間的看跌（悲觀）情緒在市場上加劇了。比特幣的價格是市場情緒和趨勢的晴雨表。如果比特幣跌倒，市場通常會遵循它。

However, in February the market came under a new blow due to Trump's statement on the introduction of tariffs on goods from Canada, Mexico, and China. Financial analyst Andrii Shevchyshyn told RBC-Ukraine that not only the stock and crypto markets reacted to the risk of a trade war, but also almost all currencies, except the US dollar, even gold began to decline.

但是，由於特朗普對加拿大，墨西哥和中國的商品關稅的提出的聲明，該市場在2月受到了新的打擊。財務分析師安德里（Andrii Shevchyshyn）告訴加拿大皇家騎警- 烏克蘭（RBC-Ikraine），不僅股票和加密貨幣市場對貿易戰的風險做出了反應，而且幾乎所有貨幣（除美元）以外，甚至黃金都開始下降。

"The strengthening of the dollar is due to the outflow of capital from falling stock markets and bonds. Investors are withdrawing money from risky assets, in particular from cryptocurrencies. Although the price of Bitcoin is falling, it remains in a stable corridor, as Bitcoin-ETFs effectively support the market, buying up the dips. Unlike altcoins, which can fall by 50%, Bitcoin remains stable, because it is an already established business," emphasizes Shevchyshyn.

“美元的加強是由於資本從股票市場和債券下降所致。投資者正在從風險的資產中撤回資金，尤其是從加密貨幣中撤出。儘管比特幣的價格正在下跌，但它仍然位於穩定的走廊中，如比特幣， -ETF有效地支持市場，與AltCoins不同，比特幣可能會下降50％，因為它是已經建立的業務，” Shevchyshyn強調。

Although Bitcoin is the most stable cryptocurrency, it still fell to $92,000. But thanks to the news that Trump agreed with Canada and Mexico to postpone 25% tariffs for a month, Bitcoin was able to return to $99,000.

儘管比特幣是最穩定的加密貨幣，但仍降至92,000美元。但是，由於有消息稱特朗普同意加拿大和墨西哥的一個月關稅，比特幣能夠返回99,000美元。

The situation is much worse for altcoins - crypto

對於Altcoins來說，情況更糟 - 加密貨幣