加密市场稳步稳步

BTC的谦虚周六收益有助于稳定更广泛的加密货币市场，该市场增长了1.01％，总市值达到了3.14万亿美元。

Crypto Market Steadies amid Trump Tariff Threats, Impact on BTC Demand

在特朗普关税威胁，对BTC需求的影响下，加密货币市场稳步

BTC price showed a modest gain on Saturday, helping to stabilize the broader crypto market. Overall, the market experienced a slight uptick, with a 1.01% increase in value. This brought the total market cap to $3.14 trillion.

BTC价格在周六显示出适度的收益，有助于稳定更广泛的加密市场。总体而言，市场经历了轻微的增长，价值增长了1.01％。这使总市值达到了3.14万亿美元。

However, cryptocurrencies faced an ongoing challenge as geopolitical risk and uncertainty surrounding the Federal Reserve's (Fed) interest rate path continued to impact demand for BTC. Notably, US President Donald Trump's ongoing tariff threats remained a headwind in the crypto market.

但是，由于美联储（美联储）利率路径的地缘政治风险和不确定性继续影响BTC的需求，加密货币面临着持续的挑战。值得注意的是，美国总统唐纳德·特朗普（Donald Trump）持续的关税威胁仍然是加密货币市场的逆风。

If implemented, these tariffs would increase import duties, potentially heightening inflationary pressures. A spike in inflation could compel the Fed to maintain a more hawkish stance, which would likely weigh on demand for BTC.

如果实施，这些关税将增加进口关税，潜在地增加通货膨胀压力。通货膨胀的尖峰可能会迫使美联储保持更鹰派的立场，这可能会根据BTC的需求权衡。

Earlier this week, Trump spooked global markets by threatening to impose sweeping tariffs on automobiles, semiconductor chips, and pharmaceuticals. Significantly, these tariffs could trigger a full-blown US-China trade war, which would undoubtedly impact the global economy.

本周早些时候，特朗普威胁要对汽车，半导体芯片和药品征收全球市场。值得注意的是，这些关税可能会引发一场全面的美国 - 中国贸易战，这无疑会影响全球经济。

Since Trump's initial threat of tariffs on Canada, China, and Mexico, BTC price has dropped from $105,993, reaching a February low of $91,274 before steadering.

自从特朗普最初对加拿大，中国和墨西哥的关税威胁以来，BTC价格从105,993美元下降，在稳定之前，价格达到了2月的91,274美元。

Meanwhile, in the US BTC-spot ETF market, recent developments in US tariffs and signals from the Fed impacted the scene. The market logged outflows of $552.5 million in the week ending February 21 (previous week: -$580.2 million).

同时，在美国BTC-SPOT ETF市场中，美国关税和美联储信号的最新发展影响了现场。截至2月21日的一周（上周：-5.802亿美元）的一周中，市场记录了5.525亿美元的流出。

According to data from Farside Investors, here are the key flow highlights for the week ending February 21:

根据Farside Investors的数据，以下是截至2月21日的一周的关键流程：

* BTC spot ETF outflows hit a four-week low.

* BTC斑点ETF流出率达到了四周的低点。

* Total outflows from BTC spot ETFs since March 2022 now stand at $1.02 billion.

*自2022年3月以来，BTC现货ETF的总流出目前为10.2亿美元。

* Outflows from Grayscale's BTC Trust (NYSE: GBTC) and ProShares Trust II (NYSE: BITO) led the outflows.

*从Grayscale的BTC Trust（NYSE：GBTC）和Proshares Trust II（NYSE：BITO）流出了流出。

* Meanwhile, inflows into the Valkyrie XBTO Trust (NASDAQ: VOO) and VanEck Trust largely offset the outflows.

*同时，流入Valkyrie XBTO Trust（NASDAQ：VOO）和Vaneck Trust很大程度上抵消了流出。

* Outflows from BTC spot ETFs began in February, following a seven-week period of inflows.

*在七个星期的流入期间，BTC斑点ETF的流出始于2月。

* BTC spot ETF outflows may dampen demand for BTC further as investors await new price catalysts.

*随着投资者在等待新的价格催化剂，BTC现场ETF流出可能会进一步削弱对BTC的需求。