比特币（BTC）的价格下跌了$ 90,000，以达到新2024的高度，表现优于Coindesk 20指数

美国财政部长斯科特·贝斯特（Scott Bessent）重申，华盛顿和北京之间的适当贸易协议将需要数年的时间才能消失之后，加密市场的集会在周三停滞不前。

The crypto market’s rally stalled on Wednesday after U.S. Secretary of Treasury Scott Bessent reiterated that a proper trade deal between Washington and Beijing would take years to ink out.

美国财政部长斯科特·贝斯特（Scott Bessent）重申，华盛顿和北京之间的适当贸易协议将需要数年的时间才能消失之后，加密市场的集会在周三停滞不前。

Bitcoin (BTC) is up 2.6% in the last 24 hours and 12.2% in the last seven days, trading at $93,600 for the first time since the beginning of March. The largest cryptocurrency was outperformed by large swaths of the market, with the CoinDesk 20 — an index of the top 20 coins, excluding stablecoins, memecoins and exchange tokens — rose 4.2% in the last 24 hours. Sui (SUI) jumped 24% in that period of time, while Cardano's ADA and Chainlink's LINK both saw 7% gains.

比特币（BTC）在过去的24小时内增长了2.6％，在过去的7天中增长了12.2％，自3月初以来首次以93,600美元的价格交易。最大的加密货币的市场表现要比大型市场胜过，而Coindesk 20（前20个硬币的指数，不包括Stablecoins，Memecoins和Exchange代币）在过去24小时内上涨了4.2％。 SUI（SUI）在那段时间内跃升了24％，而Cardano的Ada和Chainlink的链接都获得了7％的收益。

Crypto stocks, which opened strong, saw their performance dampen as the day unfolded. Miners such as Bitdeer (BTDR) and Core Scientific (CORZ) fell back from double-digit gains, closing the day up roughly 4%. Coinbase (COIN) and Strategy (MSTR) are up 2.1% and 1.4%, respectively.

加密的股票很强大，随着一天的展开，他们的性能降低了。诸如Bitdeer（BTDR）和Core Scientific（Corz）之类的矿工从两位数的收益中倒下，大约上涨了大约4％。 Coinbase（硬币）和策略（MSTR）分别上涨2.1％和1.4％。

U.S. President Donald Trump seemed to be dialing down the pressure on China in the last few days, saying that tariffs on the Middle Kingdom would “come down substantially” on Tuesday. Bessent, however, said on Wednesday that the White House had not made a unilateral offer to cut tariffs on China, and that a deal between the two nations would take two to three years to achieve.

美国总统唐纳德·特朗普（Donald Trump）似乎在过去几天中拨打了对中国的压力，称中间王国的关税将在周二“大幅下降”。然而，贝斯特周三表示，白宫并未单方面提出要削减中国关税的提议，两国之间的交易将需要两到三年才能实现。

"A meaningful thaw in relations may not materialize until substantive news emerges from the upcoming Xi-Trump meeting," said Paul Howard, director at crypto trading firm Wincent. Markets priced in the initial tough stances and tariff threats, which kept a lid on risk appetite over the past two months, he said.

加密货币贸易公司Wincent的董事保罗·霍华德（Paul Howard）说：“在即将举行的Xi-Trump会议中出现实质新闻之前，关系中的有意义的解冻可能不会实现。”他说，在过去两个月中，市场定价为最初的艰难立场和关税威胁，这在过去两个月中保持了风险的兴趣。

"History suggests that once the opening volleys pass, more constructive developments and easing volatility typically follow," Howard said, which could support risk assets such as crypto.

霍华德说：“历史表明，一旦开放式瓦利斯经过，通常会随之而来的更具建设性的发展和放松的波动性。”

BTC ETF flows return

BTC ETF流返回

In a sign of renewed investor demand, U.S.-listed spot BTC exchange-traded funds (ETFs) have recorded nearly $1.3 billion in net inflows this week so far, according to SoSoValue data. The funds booked their strongest day on Tuesday since mid-January.

根据Sosovalue数据，迄今为止，本周迄今已将近13亿美元的净流入记录的迹象表明，美国上市的BTC交易所交易所资金（ETF）的迹象。自1月中旬以来，这笔资金预定了他们最强大的一天。

"This [crypto] rally isn’t retail-driven hype—it’s institutional capital positioning ahead of what many see as a new monetary and political regime," said Matt Mena, crypto research strategist at digital asset manager 21Shares. "More investors are turning to it not just as a speculative asset, but as a flight to safety amid rising uncertainty across traditional markets."

数字资产经理21Shares的Crypto研究策略师Matt Mena说：“这个[加密]集会不是零售驱动的炒作，它的机构资本定位比许多人认为是新的货币和政治制度。” “越来越多的投资者不仅将其作为投机性资产，而且是在传统市场不确定性上升的情况下飞往安全的。”

Despite the strong price action, Mena added that BTC is facing resistance at around the $95,000 level in the short term and could pull back.

尽管价格强劲，MENA还补充说，BTC在短期内面临着95,000美元左右的电阻，并且可能会退缩。

Bitcoin to catch up to gold

比特币要赶上黄金

Gold, meanwhile, is down 2.5% today, trading at $3,290 per ounce after a run that saw the precious metal rise 35% to $3,500 in the span of four months, possibly hinting that the market could be moving past peak uncertainty.

同时，黄金今天下跌了2.5％，一场运行后，贵金属在四个月的时间内增长了35％至3,500美元，以每盎司3,290美元的价格交易，这可能暗示市场可能会超越峰值不确定性。

Gold stalling after a massive rally could bode well for bitcoin, said Charles Edwards, founder of bitcoin-focused hedge fund Capriole Investments. Posting a chart on X on Wednesday, he noted that BTC historically followed gold's gains with a few-month lag.

以比特币为重点的对冲基金Capriole Investments的创始人查尔斯·爱德华兹（Charles Edwards）表示，在大规模集会之后，黄金停滞了。他在周三在X上发布了一张图表，他指出，BTC历史上以几个月的时间延续了Gold的收益。

"Bitcoin is showing significant strength," Edwards said in an X post. "We have decoupled from risk assets and the market is now starting to front-run the fact that bitcoin is digital gold. If risk assets were to decay further from here, BTC is the ultimate QE [quantitative easing] hedge."

爱德华兹在X帖子中说：“比特币表现出很大的力量。” “我们已经脱离了风险资产，市场现在开始迈向比特币是数字黄金的事实。如果风险资产从这里进一步衰落，BTC是最终的量化量化宽松（定量宽松）对冲。”