比特币的下降显着下降

比特币在最近的市场变动中显着下降，这与特朗普政府宣布对主要贸易伙伴的新关税触发的股票的更广泛抛售相吻合。

Bitcoin has seen a notable decline in recent market movements, coinciding with a broader sell-off in equities triggered by the Trump administration's announcement of new tariffs on major trading partners. Meanwhile, gold has reaffirmed its status as a traditional safe-haven asset.

比特币在最近的市场变动中显着下降，这与特朗普政府宣布对主要贸易伙伴的新关税触发的股票的更广泛抛售相吻合。同时，黄金重申了其作为传统避风港资产的地位。

As of Tuesday, gold prices surged to $2,915 per ounce, inching closer to last week's record high of $2,950. While gold’s rally reflects heightened investor demand for stability amid growing economic uncertainties, analysts argue that bitcoin is falling short of its aspirations as a safe-haven asset and market hedge.

截至周二，黄金价格飙升至每盎司2,915美元，接近上周创纪录的2,950美元。尽管戈德的集会反映了经济不确定性的增长，但由于经济不确定性的增长，投资者对稳定的需求提高，但分析师认为，比特币不符合其作为安全资产和市场对冲的愿望。

"Bitcoin has never truly been a safe-haven asset—only an aspirational one. Yet, the promise remains, and with every cycle, critics revisit this so-called 'failure,' but my perspective is that bitcoin has consistently been a risk asset," Paybis Chief Revenue Officer Uldis Teraudklans told The Block.

“比特币从来都不是真正的资产，只有一个有抱负的资产。但是，保证仍然存在，并且在每个周期中，批评家都重新审视了这种所谓的“失败”，但我的观点是，比特币一直是风险资产，” Paybis首席收入官Uldis Teraudklans告诉Block。

However, Teraudklans added that bitcoin is on a long-term trajectory toward becoming a safe-haven asset, suggesting that only when the digital asset's market capitalization matches that of gold can its role as a safe-haven be seriously evaluated.

但是，Teraudklans补充说，比特币正处于长期轨道上，以成为避风港资产，这表明只有当数字资产的市值与黄金的市值相匹配时，才能认真评估其作为避风港的作用。

Bitcoin is underperforming gold

比特币表现不佳

Bitwise European Head of Research Europe André Dragosch told The Block that short-term perspectives also highlight bitcoin's volatility.

欧洲欧洲研究负责人安德烈·德拉格斯（AndréDragosch）告诉街区，短期观点也突出了比特币的波动性。

"In the very short term, bitcoin appears to be most sensitive to changes in the global growth outlook, which has certainly deteriorated lately. But, over the medium to long term, bitcoin continues to be the prime contender for the world’s next reserve asset and should also profit from a return of easy monetary policy in case a U.S. recession does really materialize."

“在短期内，比特币似乎对全球增长前景的变化最敏感，这肯定在最近发生了恶化。但是，在中等到长期的情况下，比特币仍然是世界下一个储备金的主要竞争者，也应该从易于货币政策的回报中获利，以防美国经济衰退确实实现。”

The recent implementation of tariffs by the Trump administration has further complicated market dynamics.

特朗普政府最近对关税的实施使市场动态进一步复杂。

"U.S. President Donald Trump's recent announcement regarding tariffs on goods from China, global tariffs on aluminum and steel, and threats of 25% tariffs on goods from the EU has rattled markets, increasing economic uncertainty. Gold as the ultimate safe-haven asset has gained tremendously from this, as investors seek shelter from the uncertainty," BullionByPost Managing Director Pete Walden observed.

“美国总统唐纳德·特朗普（Donald Trump）最近宣布的有关中国商品关税，铝和钢铁的关税以及欧盟对商品的25％关税的威胁震撼了市场，加剧了经济不确定性。由于投资者从中寻求庇护所，因此，由于最终的安全保护资产从此获得了极大的待遇。

Gold will perform best in a global trade war. Image: Bank of America Global Fund Manager Survey.

黄金将在全球贸易战中表现最好。图片：美国银行全球基金经理调查。

In contrast, bitcoin's performance under similar market pressures has been less robust.

相比之下，比特币在类似的市场压力下的性能较不强劲。

"The market is facing intense volatility as combined crypto liquidations hit $1.04 billion. The broader altcoin train has a double-digit decline, highlighting the uncertainty in the market at this time. Amid this price action, the conviction for sustainable growth in the near term remains low as significant headwinds lie ahead," WeFi Head of Growth Agne Linge told The Block.

“市场正面临着强烈的波动性，因为加密货币清算量达到了10.4亿美元。较宽的Altcoin火车的下降了两位数，突显了此时市场的不确定性。在这种价格行动中，对近期的可持续增长的信念仍然很低，因为大量的Heartwinds to the Eventral Agne agne agne agne lige lige lige lige lige ligning lighter ligning agne lighter light agne lige lighte ligning lighte lige ligning lige lige ligning lige。

Furthermore, a Bank of America fund manager survey from February indicated that only 3% of fund managers viewed bitcoin as a reliable store of value amid trade tensions, while 58% favored gold.

此外，美国银行基金经理的一项调查表明，在贸易紧张局势的情况下，只有3％的基金经理将比特币视为可靠的价值存储，而58％的基金经理则偏爱黄金。

This sentiment aligns with bitcoin's recent volatility, including a 17.39% decline in the month of February—the largest drop since 2014.

这种情绪与比特币最近的波动率保持一致，包括2月份的下降17.39％，这是自2014年以来最大的下降。