比特币达到了11月以来的最低点，将其每周最大的一年降落在两年中

比特币在11月以来的最低点，并将其每周最大的一年降落在两年中，席卷了科技股的抛售

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

比特币在11月以来的最低水平下降到了周五两年多的每周最大的一次，在15亿美元的黑客攻击并怀疑美国加密货币政策时，技术股票的抛售更加广泛。

The world’s largest cryptocurrency dropped as much as 7% to $78,273, its lowest since November 10 and on track for a fifth straight day of declines.

全球最大的加密货币下降了7％至78,273美元，这是自11月10日以来最低的，并且连续第五天下降。

It has fallen 16% in the past week, its biggest weekly drop since the collapse of the FTX crypto exchange in November 2022. The broader crypto market has lost nearly half a trillion dollars in the past week alone, according to Coingecko.

在过去的一周中，它已经下降了16％，自2022年11月FTX加密交易所倒闭以来，每周下降最大。据Coingecko称，仅在过去一周中，更广泛的加密货币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.

城市指数高级市场分析师马特·辛普森（Matt Simpson）表示：“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。而且，除了放弃加密货币外，比特币交易员不满意，但比特币交易员不高兴。”

Bitcoin typically trades loosely in line with assets like tech stocks that rise when investors are optimistic about economic growth. The tech heavy Nasdaq (.IXIC), 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，技术重型纳斯达克（.ixic）处于最低水平。

Investors fear the so-called exceptionalism of the U.S. economy might be fading and are nervous about U.S. President Donald Trump's moves to impose tariffs which have stoked 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，并对美国总统唐纳德·特朗普（Donald Trump）施加关税的举动感到不安，这使人们担心全球通货膨胀率更高和增长速度较慢。

Investors judged AI darling Nvidia's results harshly as well.

投资者也判断了AI Darling Nvidia的成绩。

NEW ENVIRONMENT

新环境

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.

比特币的价格下跌表明，对加密货币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。”

"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 by market value, was down 6% at $2,149.38, around its lowest since January 2024.

按市场价值计算的第二大加密货币Ether下跌了6％，至2,149.38美元，其最低限量为2024年1月。

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%.

从那以后，他在就职典礼上发起的特朗普自己的“特朗普”纪念物损失了50％，而妻子的“梅拉尼亚”代币损失了90％。

Investors have also been pulling money out of bitcoin exchange-traded funds.

投资者还一直从比特币交易所交易的资金中掏出资金。

U.S.-listed bitcoin ETFs have seen outflows of $2.27 billion so far this week.

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在社交媒体和技术企业家中的年轻男性影响者。

The crypto world has been nervous after Dubai-headquartered Bybit, the world's second-largest exchange after Binance, said last week hackers had stolen ether worth around $1.5 billion in what is thought to be the single largest crypto heist of all time.

上周，黑客偷走了埃瑟（Ether）的埃瑟（Ether），这是有史以来最大的加密抢劫案，这是迪拜世界第二大交易所托比特（Bybit）的迪拜世界一直很紧张。

"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.

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

The price fall hurt crypto-connected stocks in U.S. premarket trading.

价格下跌伤害了美国上市前交易中与加密货币相关的股票。

Crypto exchange Coinbase Global (COIN.O), and bitcoin buyer Strategy (MSTR.O), dropped 2.3%, while both miners Riot Platforms Inc (RIOT.O), and MARA Holdings (MARA.O), shed about 3.5%.

加密交易所Coinbase Global（Coin.O）和比特币买家战略（MSTR.O）下跌了2.3％，而两个矿工Riot Platforms Inc（Riot.O）和Mara Holdings（Mara.o）均降低了约3.5％。