比特币已经达到了11月以来的最低价格，并将其定为两年来最大的每周一次

全球最大的加密货币在周五下降了7％，达到78 $ 273，这是11月10日以来最低的，并有望连续第五天下降。

Bitcoin hit its lowest price since November and was set for its biggest weekly fall in over two years on Friday, swept up in a sell-off in tech stocks at a time when a $1.5 billion hack and doubts about U.S. crypto policy had left industry sentiment fragile.

比特币达到了11月以来的最低价格，并定于周五两年来最大的每周一次，在15亿美元的黑客攻击和对美国加密货币政策的怀疑时，该股票被抛弃了。

The world’s largest cryptocurrency dropped as much as 7% to $78,273, its lowest since Nov. 10 and on track for a fifth straight day of declines. It has fallen 16% in the past week, its biggest weekly drop since the collapse of FTX crypto exchange in November 2022.

全球最大的加密货币下降了7％至78,273美元，这是11月10日以来最低的，并有望连续第五天下降。自2022年11月FTX Crypto Exchange倒闭以来，它在过去一周中下降了16％，每周下降最大。

The broader crypto market has lost nearly half a trillion dollars in the past week alone, according to CoinGecko.

根据Coingecko的说法，仅在过去一周中，更广泛的加密市场就损失了近半万亿美元。

“Inflationary pressures, growth prospects are crumbling and Trump’s tariffs are not going away. And with Trump’s attention on anything except deregulating crypto, bitcoin traders are not happy,” said Matt Simpson, senior market analyst at City Index.

通货膨胀压力，增长前景正在崩溃，特朗普的关税并没有消失。除了放弃加密货币外，比特币交易者不满意，而且特朗普的注意力不满意。” City Index的高级市场分析师Matt Simpson说。

Bitcoin typically trades loosely in line with assets like tech stocks that rise when investors are optimistic about economic growth. The tech-heavy Nasdaq is at its lowest since November.

比特币通常会与当投资者对经济增长乐观时上升的资产等资产宽松地进行交易。自11月以来，纳斯达克高科技的纳斯达克处于最低水平。

Investors fear the so-called exceptionalism of the U.S. economy might be fading and are skittish about President Donald Trump’s moves to impose tariffs which have fueled fears of higher global inflation and slower growth.

投资者担心，所谓的美国经济的例外主义可能会逐渐消失，并对唐纳德·特朗普总统征收关税的举动感到震惊，这激发了人们对全球通货膨胀和增长速度较慢的担忧。

Investors also largely shrugged off upbeat results from Nvidia , a key bellwether of the artificial intelligence boom.

投资者还在很大程度上耸了耸肩，这是人工智能繁荣的重要领域Nvidia的乐观结果。

Changed environment

改变了环境

For the world’s largest cryptocurrency, the environment is very different from mid-January, when it approached $110,000 on optimism that the Trump administration would champion a strategic bitcoin fund and loosen regulation.

对于世界上最大的加密货币，环境与1月中旬的环境大不相同，当时特朗普政府将倡导战略性比特币基金并放弃监管的$ 110,000。

But beyond a flurry of appointments of crypto-friendly officials when Trump took office, there has been little concrete news around that policy for investors.

但是，除了特朗普上任时，一系列对加密友好型官员的任命之外，对于投资者来说，这项政策几乎没有任何具体新闻。

The bitcoin price decline “shows that positive sentiments from a crypto-friendly administration and high-profile endorsements have run their course,” said Joshua Chu, co-chair of the Hong Kong Web3 Association.

BITCOIN价格下跌“表明，对加密友好的政府和备受瞩目的代言人的积极情绪已经开展了他们的课程，”香港Web3协会联合主席Joshua Chu说。

“It’s clear bitcoin is a risk asset, not the inflation hedge or digital gold it’s often touted to be.”

“显然，比特币是一种风险资产，而不是通货膨胀对冲或数字黄金，通常是吹捧的。”

Ether, the second-largest cryptocurrency, fell 6% to $2,149.38, around its lowest since January 2024. Trump’s own “TRUMP” memecoin that he launched upon his inauguration has lost 50% in value since then, while his wife’s “MELANIA” token has lost 90%.

第二大加密货币以Ether下降了6％至2,149.38美元，大约是自2024年1月以来最低的。

Investors have also been pulling money out of bitcoin exchange-traded funds. U.S.-listed bitcoin ETFs saw outflows of $2.27 billion so far this week.

投资者还一直从比特币交易所交易的资金中掏出资金。本周到目前为止，美国上市的比特币ETF的流出量为22.7亿美元。

Bank of America analysts said in a note on Friday the fact that the average daily price of bitcoin had struggled to break above $97,000 since November was the first sign of the “bro bubble popping”.

美国银行分析师在周五的一份事实中说，自11月以来，比特币的平均每日价格一直在挣扎97,000美元以上，这是“ Bro Bubble Popping”的第一个迹象。

Much of the hype around crypto in the last couple of years has stemmed from, typically, younger male influencers on social media and tech entrepreneurs that many nickname “crypto bros”.

在过去的几年中，围绕加密货币的大部分炒作源于社交媒体和科技企业家的年轻男性影响者，这些绰号“加密兄弟”。

The crypto world was also hit by a $1.5 billion hack of ether, the world’s second-largest cryptocurrency, at the hands of hackers, Dubai-headquartered Bybit said last week.

迪拜上周说，加密货币世界也遭到了15亿美元的货币（全球第二大加密货币）的袭击。

“It’s a combination of macro forces. More tariffs, uncertainties around geopolitics and war, and the ByBit hack didn’t help confidence either,” said Reuben Conceicao, chief strategy officer at digital wallet firm Metasig.

“这是宏观力量的结合。数字钱包公司Metasig的首席战略官Reuben Conceicao说：“更多的关税，围绕地缘政治和战争的不确定性以及拜比特黑客也没有帮助。”