加密货币市场将完成第1季度2025，效果较弱

加密货币空间定为2025年第一季度的薄弱状况。在此期间，比特币和以太坊都经历了明显的价格下跌。

Cryptocurrencies are set for a weak finish to the first quarter of 2025, with both Bitcoin and Ethereum experiencing notable price drops during this period.

在2025年第一季度，加密货币的效果较弱，在此期间，比特币和以太坊的价格下跌。

Both major cryptocurrencies saw price declines in Q1 2025, with Bitcoin price falling 6.49%—its weakest start since 2020.

两种主要的加密货币在2025年第1季度的价格下跌，比特币价格下跌6.49％，这是自2020年以来最弱的起点。

While BTC’s performance was less stellar, it’s important to consider the broader economic picture, which is largely affecting market pressure.

尽管BTC的绩效不那么出色，但重要的是要考虑更广泛的经济状况，这在很大程度上影响了市场压力。

With President Trump’s proposed tariffs adding significant heat, traders are becoming more sensitive to macroeconomic uncertainty.

随着特朗普总统提议的关税增加了高温，交易者对宏观经济不确定性越来越敏感。

After hitting the $100,000 level late last year, Bitcoin price has seen a sharp decline to $78,000, which has fueled investor doubt.

在去年年底达到了100,000美元的水平之后，比特币价格急剧下降至78,000美元，这引起了投资者的怀疑。

Many participants expected a robust 2025 start after the record highs achieved in 2024. However, unexpected economic news has stalled further positive price movement, preventing sustained upward momentum.

许多参与者预计在2024年达到纪录高点之后，2025年就有强劲的2025年开始。但是，意外的经济新闻已经停滞了进一步的正价转移，阻止了持续的向上势头。

As we move forward, there's still uncertainty regarding Bitcoin’s immediate path. It might become clearer around mid-April with fresh economic data releases and potential changes in tariffs. Despite current challenges, some analysts remain optimistic about BTC’s long-term potential growth. These experts predict it could reach new peak values, possibly by mid-year 2025.

随着我们的前进，关于比特币的直接道路仍然存在不确定性。在4月中旬，随着新的经济数据发布和关税的潜在变化，可能会变得更加清晰。尽管目前面临挑战，但一些分析师仍然对BTC的长期潜在增长保持乐观。这些专家预测，它可能会达到新的峰值价值，可能是到2025年中。

However, Ethereum price encountered even more serious obstacles, marking its worst Q1 performance in several years.

但是，以太坊价格遇到了更严重的障碍，标志着其几年来最差的第一季度表现。

Historically, ETH performed exceptionally well in the first quarter, offering significant returns since 2017. But this year shows a stark deviation from that pattern, which is evident in the chart below.

从历史上看，ETH在第一季度表现出色，自2017年以来提供了可观的回报。但是，今年表现出与该模式的偏差，这在下图中很明显。

Additionally, the ETH/BTC ratio has dropped considerably, hitting its lowest mark since May 2020, highlighting relative weakness.

此外，ETH/BTC的比率已大大下降，自2020年5月以来达到了最低标记，突出了相对弱点。

This lagging performance compared to Bitcoin sparks concern about Ethereum’s near-term recovery prospects.

与比特币相比，这种滞后性能与以太坊近期恢复前景相比担心。

As we approach the second quarter, investors are focusing on the potential for a 2025 crypto rebound in the upcoming months.

当我们接近第二季度时，投资者将重点关注在接下来的几个月中进行2025个加密货币的潜力。

Historical data suggests that Q2 could bring renewed momentum, but economic factors and regulatory news will be crucial influences.

历史数据表明，第二季度可以带来新的动力，但是经济因素和监管新闻将是至关重要的影响。

In the broader scheme, the total cryptocurrency market capitalization has decreased by 11.65% since the start of 2025. This downturn reflects the lagging performance of both Bitcoin and Ethereum, which are two of the largest cryptocurrencies.

在更广泛的计划中，自2025年初以来，加密货币市值的总计市值下降了11.65％。这种低迷反映了比特币和以太坊的滞后性能，这是两个最大的加密货币。

This change in sentiment is also reflected by the Crypto Fear & Greed Index, which now shows a Neutral reading of 47 points.

Crypto Fear＆Greed Index也反映了这种情感的变化，该指数现在显示出47分的中性读数。

The crypto market has experienced a shift in mood as we move into the second quarter of 2025.

当我们进入2025年第二季度时，加密市场经历了情绪的转变。

After a period of high optimism saw the Bitcoin price breach the $100,000 mark late last year, the market has encountered a correction early in 2025, prompting greater caution among investors.

经过一段时间的乐观情绪，比特币价格违反了去年年底的100,000美元，该市场在2025年初遇到了更正，促使投资者的谨慎谨慎。

However, despite the recent price drops, some analysts remain optimistic about the long-term outlook for these major cryptocurrencies.

但是，尽管最近的价格下跌，但一些分析师对这些主要加密货币的长期前景仍然乐观。

Some experts forecast a substantial Bitcoin price rally to occur before the end of April. In contrast, others believe that the prevailing economic conditions might postpone any significant market upswing for an extended time.

一些专家预测，将在4月底之前进行大量的比特币价格集会。相比之下，其他人认为，普遍的经济状况可能会在很长一段时间内推迟任何重要的市场。