比特币和其他风险资产正面临着急剧下滑的

随着投资者情绪削弱了美国衰退的问题，比特币和其他风险资产正面临着急剧下滑。股市也暴跌了

Bitcoin and other risk assets are facing a sharp downturn as investor sentiment weakens amid growing US recession concerns. The S&P 500 and Nasdaq recorded sharp losses, with the tech-heavy index falling nearly 3.8%. The “Magnificent 7” stocks lost a staggering $830 billion in market value, highlighting the scale of the sell-off.

随着投资者情绪削弱了美国衰退的问题，比特币和其他风险资产正面临着急剧下滑。标准普尔500指数和纳斯达克记录了巨大的损失，技术繁重的指数下降了近3.8％。 “宏伟的7”股票损失了惊人的8,300亿美元的市场价值，突出了售罄的规模。

Can markets recover, or is this the beginning of a larger shift?

市场可以恢复，还是更大转变的开始？

Bitcoin & Stocks Plunge as Risk Appetite Fades

比特币和股票暴跌，风险胃口消失

Investor confidence is dwindling. The S&P 500 and Nasdaq recorded sharp losses, with the tech-heavy index falling nearly 3.8%. The “Magnificent 7” stocks lost a staggering $830 billion in market value, highlighting the scale of the sell-off.

投资者的信心正在减少。标准普尔500指数和纳斯达克记录了巨大的损失，技术繁重的指数下降了近3.8％。 “宏伟的7”股票损失了惊人的8,300亿美元的市场价值，突出了售罄的规模。

Bitcoin, often considered digital gold, was not spared amid a selloff recorded in the broader crypto market. BTC price today was down about 1% and exchanged hands at $81,579, while its one-day trading volume soared 33% to $58.7 billion.

在更广泛的加密货币市场中记录的抛售中，比特币通常被认为是数字黄金。今天的BTC价格下跌了约1％，并以81,579美元的价格交换了手，而其一日交易量飙升了33％，至587亿美元。

Notably, the flagship crypto has touched a 24-hour low of $76,624, reflecting the cautious stance of the investors. Besides, a recent report hints at a further BTC dip to $70K, which has weighed on the traders’ sentiment.

值得注意的是，旗舰加密货币的24小时低点为76,624美元，这反映了投资者的谨慎立场。此外，最近的一份报告暗示，BTC进一步降至7万美元，这对交易者的情绪产生了影响。

Meanwhile, analysts at QCP Group noted that post-election optimism is fading, with put option volumes reaching their highest levels since 2020. Despite concerns, there are some silver linings. The report noted that falling 10-year Treasury yields and a weakening US dollar historically support equities, Bitcoin, and other digital assets. However, investors remain cautious amid policy uncertainty and economic risks.

同时，QCP Group的分析师指出，选举后的乐观情绪正在消失，PUT期权量达到了2020年以来的最高水平。尽管有一些担忧，但仍有一些银色衬里。该报告指出，10年的财政部收益率下降，而美元降低了历史上的股票，比特币和其他数字资产。但是，由于政策不确定性和经济风险，投资者仍然谨慎。

Bitcoin Dips As Trump’s Tariff Policies Spark Economic Concerns

比特币下降，因为特朗普的关税政策引发了经济问题

According to the latest report from Yahoo Finance, Goldman Sachs has slashed its 2025 US GDP growth forecast from 2.4% to 1.7%, citing adverse trade policy assumptions under Trump. The investment bank also raised its inflation projection, expecting the Federal Reserve’s preferred gauge to hit 3% by year-end.

根据Yahoo Finance的最新报告，高盛（Goldman Sachs）将其2025年美国GDP增长预测从2.4％削减到1.7％，理由是特朗普规定了不利的贸易政策假设。投资银行还提高了通货膨胀的预测，预计美联储的首选量规能在年底时达到3％。

The revised outlook highlights the economic strain from rising tariffs. Goldman Sachs economist Jan Hatzius outlined three major impacts: higher consumer prices, tighter financial conditions, and delayed business investments. These factors could stifle economic growth and weigh on market performance.

修订后的前景强调了关税上升所带来的经济压力。高盛的经济学家扬·哈齐斯（Jan Hatzius）概述了三个主要影响：更高的消费价格，更严格的财务状况和延迟的商业投资。这些因素可能会扼杀经济增长并权衡市场绩效。

Morgan Stanley echoed similar concerns, cutting its 2025 GDP forecast to 1.5% from 1.9%. Chief economist Michael Gapen also raised his core PCE inflation forecast to 2.7%, up from a previous 2.5% estimate.

摩根士丹利（Morgan Stanley）回应了类似的担忧，将其2025 GDP的预测从1.9％降低到1.5％。首席经济学家迈克尔·盖彭（Michael Gapen）还将他的核心PCE通货膨胀预测提高到2.7％，而前的估计值为2.5％。

The lingering inflation threat may force the Fed to hold interest rates steady longer than expected. Having said that, these could impact the risk-bet assets like Bitcoin as well as the stock market. All eyes are now on the upcoming US CPI inflation data, which would provide more cues on the US economic health and the current inflationary pressure.

挥之不去的通货膨胀威胁可能会迫使美联储的利率稳定比预期的更长。话虽如此，这些可能会影响像比特币以及股票市场这样的风险购买资产。现在，所有人都关注即将到来的美国CPI通货膨胀数据，这将为美国的经济健康和当前的通货膨胀压力提供更多线索。

Is a US Recession on the Horizon?

美国衰退是在地平线上吗？

Recession fears are gaining traction. Former PIMCO CEO Mohamed El-Erian increased his US recession probability estimate to 25-30%, up from 10% earlier this year. Betting markets reflect similar concerns, with Polymarket estimating a 38% chance of a recession being officially declared by year-end.

经济衰退的恐惧正在受到关注。 PIMCO前首席执行官穆罕默德·埃里安（Mohamed El-Erian）将他的美国衰退概率估计提高到25-30％，高于今年早些时候的10％。投注市场反映了类似的问题，Polymarket估计衰退时期正式宣布经济衰退的机会有38％。

Uncertainty over Trump’s fiscal policies and the Federal Reserve’s stance has created a volatile market environment. The Fed may still cut rates twice this year, in June and December, but near-term uncertainty could keep them on the sidelines. Considering that, it appears that Bitcoin and the broader financial market may take a hit in the coming days as the macroeconomic concerns continue to dampen the sentiment.

特朗普的财政政策和美联储的立场的不确定性创造了动荡的市场环境。美联储在6月和12月今年仍可能两次降低利率，但近期不确定性可能会使它们保持在场。考虑到这一点，似乎比特币和更广泛的金融市场可能会在未来几天受到打击，因为宏观经济的担忧继续削弱了情绪。