加密市值的篮板篮板增加了$ 80B，但贸易战的风险迫在眉睫

3月27日，加密货币市场在仅24小时内的总市值下降了1000亿美元。随后是进一步的损失

The cryptocurrency market experienced substantial outflows over the weekend, with the total market capitalization falling by $100 billion in the span of just 24 hours on March 27.

加密货币市场在周末经历了大量外流，在3月27日仅24小时的时间内，总市值下降了1000亿美元。

This was followed by further losses, as digital assets marked $100 billion in outflows over the course of the weekend, according to data from CoinGecko.

根据Coingecko的数据，随后是进一步的损失，因为数字资产在周末的流出期间标志着1000亿美元的流出。

Around noon on Sunday, March 31, a local bottom was reached, with the total crypto market cap falling to levels as low as $2.63 trillion. However, on April 1, the wider market staged a comeback, and the total valuation soared by $80 billion to reach $2.71 trillion as of press time.

3月31日（星期日）中午左右，当地底部达到了当地的底部，总加密货币市值下降到低至2.63万亿美元的水平。但是，在4月1日，更广泛的市场进行了卷土重来，截至发稿时，总估值飙升至800亿美元，达到2.71万亿美元。

What’s more, the market cap increase was not the result of a localized upswing, or, in other words, a surge in a large-cap asset’s price. On the contrary, the move to the upside has been pretty universal — at present, all of the top 10 cryptocurrencies by market cap are in the green on a 24-hour chart, with the exception of stablecoins like USD Coin (USDC) or Tether (USDT), which have seen negligible price moves.

更重要的是，市值的增加并不是局部上升的结果，换句话说，大型资产的价格激增。相反，向上的转移非常普遍 - 目前，按市场上限进行的所有前10个加密货币都在24小时的图表上呈绿色，除了USD Coin（USDC）或Tether（USDT）之外的Stablecoins，它们的价格转移忽略了。

The biggest gainer in the top 100 in the past 24-hours has been the Curve DAO Token (CRV), which has rallied by 11.94% over the past day.

过去24小时前100名中最大的收获是曲线DAO代币（CRV），过去一天的收获率增长了11.94％。

As bullish as this latest development appears to be, there’s still an open question as to whether or not the rally, or rather recovery, will continue. Let’s take a closer look at the most impactful macro factors currently at play — tariffs.

尽管这一最新发展似乎是看好的，但仍然存在一个悬而未决的问题，即是否会继续进行集会，还是恢复。让我们仔细研究当前最有影响力的宏观因素 - 关税。

Crypto market still at risk from looming trade war

加密市场仍处于迫在眉睫的贸易战争中

The Trump administration’s ‘trigger-friendly’ approach to imposing tariffs is the key driver behind recent market instability. While the imposition of tariffs and duties doesn’t directly impact cryptocurrencies, it does raise the risk of recession, reduces the odds of interest rate cuts, and tends to make investors run away from risky assets in favor of safe havens such as gold or even fixed-income assets.

特朗普政府对征收关税的“触发友好型”方法是近期市场不稳定背后的关键驱动力。尽管对关税和关税的征收并没有直接影响加密货币，但它确实增加了经济衰退的风险，降低了降低利率的几率，并且倾向于使投资者摆脱危险的资产，而有利于黄金甚至固定收入资产的安全避风港。

On April 2, the President will unveil the latest round of tariffs. Trump has previously stated that ‘all countries’ would be targeted, although a definitive blueprint isn’t in place yet. One solution that is being considered is a blanket 20% tariff that would impact most of the goods imported by the United States, per a Washington Post report. A proposal that would put that solution into effect has reportedly already been drafted by White House aides.

4月2日，总统将推出最新一轮关税。特朗普此前曾表示，“所有国家”将成为目标，尽管尚未确定的蓝图。根据《华盛顿邮报》的一份报告，一种被考虑的解决方案是一揽子20％的关税，将影响美国进口的大多数商品。据报道，这项将使该解决方案生效的提议已经由白宫助手起草。

Despite the increase in inflows, market sentiment hasn't shifted significantly — so investors would do best to exercise caution and patience, and wait for the smoke to clear before deciding on what to do.

尽管流入量增加，但市场情绪并没有发生重大变化 - 因此，投资者最好谨慎行事和耐心，并等待烟雾清除，然后再决定要做什么。