上周，加密货币市场一直在过山车

从监管的角度来看，美国政府采取了措施，表明向拥抱加密货币转变。

The cryptocurrency market experienced a week of mixed signals, with promising developments on the regulatory front in the U.S. juxtaposed by double-digit price declines across major digital assets.

加密货币市场经历了一周的混合信号，在美国的监管方面有前途的发展，在大型数字资产中，两位数的价格并列。

As reported by Investing.com, President Donald Trump is set to roll back Biden-era policies that limited regulated banks’ involvement in crypto-related activities. This move, which cancels what some have called ‘Operation Chokepoint 2.0,’ signals a more favorable environment for crypto institutions.

正如Investing.com报道的那样，唐纳德·特朗普总统将撤销拜登时代的政策，这些政策限制了监管银行参与与加密相关的活动。这一举动取消了一些人所说的“ Chokepoint 2.0”，这向加密机构提供了更有利的环境。

However, despite the anticipated policy shift, which crypto investors largely view as a win, major crypto exchange Coinbase Global (NASDAQ:COIN) saw its stock plummet as much as 17.6% this week.

然而，尽管预期的政策转变（加密投资者在很大程度上将其视为胜利），但少校加密交易所Coinbase Global（NASDAQ：COIN）本周的股票下降了多达17.6％。

Coinbase is a leading crypto trading platform, and its financial performance is heavily reliant on overall market sentiment and trading volume. With prices of major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) declining and trading activity slowing, revenue expectations for Coinbase have been hit hard. By Friday afternoon, Coinbase shares settled with a 16% weekly decline.

Coinbase是一个领先的加密交易平台，其财务业绩在很大程度上依赖于整体市场情绪和交易量。随着比特币（BTC）和以太坊（ETH）的主要加密货币价格下降和交易活动放缓的价格，对Coinbase的收入预期受到了巨大打击。到星期五下午，Coinbase股票每周下降16％。

Moreover, Bitcoin miner MARA Holdings (NASDAQ:MARA) suffered a steep loss, with its stock price plummeting by 22.7% before stabilizing with a 19.2% weekly decline by Friday afternoon.

此外，比特币矿工Mara Holdings（NASDAQ：MARA）遭受了巨大的损失，其股价下降了22.7％，随后稳定，到周五下午每周下降19.2％。

Mining stocks are especially sensitive to Bitcoin’s price fluctuations. As the world’s largest cryptocurrency faces a downturn, lower valuations exert pressure on mining firms to maintain operational efficiency and sustain margins in a volatile environment.

采矿股对比特币的价格波动特别敏感。随着世界上最大的加密货币面临着衰退，较低的估值对采矿公司施加压力，以维持运营效率并在波动的环境中维持利润率。

Among cryptocurrency prices, Solana’s (CRYPTO:SOL) token experienced a steep drop, falling by as much as 16.8% before recovering slightly to show an 8.7% weekly decline by Friday afternoon.

在加密货币价格中，索拉纳（Crypto：Sol）代币的急剧下降，下降了16.8％，然后稍微恢复到周五下午的每周下降8.7％。

Solana, a blockchain platform recognized for its speed and minimal transaction costs, has gained popularity among investors, especially during the recent bull market. However, the broader market correction has affected Solana’s price, dragging it down despite its strengths. The selloff also highlights investor caution and profit-taking after recent gains in the altcoin space.

索拉纳（Solana）是一个以其速度和最低交易成本认可的区块链平台，在投资者中广受欢迎，尤其是在最近的牛市期间。但是，更广泛的市场更正影响了Solana的价格，尽管有优势，但仍将其拖延。该抛售还强调了投资者的谨慎和获利，此前Altcoin领域的收益最近。

In the crypto market, optimism is running high regarding the Trump administration’s intent to create a more supportive regulatory environment. Still, the crypto markets remain largely unpredictable. Investor sentiment will continue to be influenced by macroeconomic trends, Federal Reserve policy decisions, and institutional adoption. In the short term, traders should prepare for continued volatility, but long-term prospects for the industry remain promising as regulatory clarity improves.

在加密货币市场中，对特朗普政府创造更具支持性的监管环境的意图的乐观情绪持高度的兴趣。尽管如此，加密货币市场仍然无法预测。投资者的情绪将继续受到宏观经济趋势，美联储政策决策和机构采用的影响。在短期内，交易者应该为继续波动做准备，但是随着法规清晰度的提高，该行业的长期前景仍然有希望。

For now, crypto investors are left to process a market scenario where positive policy developments have yet to translate into price stability. Whether this trend reverses in the coming weeks remains to be seen, but one thing is certain—volatility remains a defining characteristic of the crypto landscape.

目前，加密货币投资者被留下来处理积极政策发展尚未转化为价格稳定的市场情况。在接下来的几周中，这种趋势是否逆转还有待观察，但是可以肯定的是，挥发性仍然是加密景观的定义特征。