周五，比特币（BTC）恢复的希望消失了，因为几乎所有收益都消除了市场范围

比特币（BTC）每天徘徊在88,000美元以下，最近跌至83,800美元，在过去的24小时内下跌了3.8％。

Any hopes for the crypto recovery to continue vanished on Friday, as a market-wide rout erased virtually all gains from earlier this week.

任何希望加密货币恢复继续在周五继续消失的希望，因为本周早些时候，几乎所有市场都删除了所有收益。

Bitcoin (BTC), hovering just below $88,000 a day ago, tumbled to $83,800 recently and is down 3.8% over the past 24 hours. The broad-market benchmark CoinDesk 20 Index declined 5.7%, with native cryptos Avalanche (AVAX), Polygon (POL), Near (NEAR), and Uniswap (UNI) all nursing almost 10% losses during the same period. Today's sell-off wiped out $115 billion of the total market value of cryptocurrencies, TradingView data shows.

比特币（BTC）每天徘徊在88,000美元以下，最近跌至83,800美元，在过去的24小时内下跌了3.8％。广泛的市场基准Coindesk 20指数下降了5.7％，本地加密雪崩（Avax），Polygon（POL），附近（接近）和UNISWAP（UNI）在同一时期均几乎10％的损失。 TradingView数据显示，今天的抛售量消除了150亿美元的加密货币总市场价值。

Ethereum’s ether (ETH) dropped over 6% to extend its downtrend against BTC, falling to its weakest relative price to the largest cryptocurrency since May 2020.

以太坊的以太（ETH）下降了6％以上，以扩大对BTC的下降趋势，降至其最弱的相对价格至2020年5月以来最大的加密货币。

Underscoring the bearish trend, spot ETH exchange-traded funds failed to attract any net inflows since early March, while their BTC counterparts saw over $1 billion of inflows in the past two weeks, according to Farside Investors data.

根据Farside Investors的数据，在3月初以来，现货ETH交易所交易贸易资金未能吸引任何净流入，而BTC的同行在过去两周中的流入超过10亿美元。

The ugly crypto price action coincided with U.S. stocks selling off during the day on poor economic data, with the S&P 500 and the tech-heavy Nasdaq index down 2% and 2.8%, respectively. Crypto-focused stocks also suffered heavy losses: Strategy (MSTR), the largest corporate BTC holder, closed the day 10% lower, while crypto exchange Coinbase (COIN) dropped 7.7%.

丑陋的加密价格行动恰逢美国股票在白天以不良的经济数据售罄，标准普尔500指数和高科技较重的纳斯达克指数分别下跌了2％和2.8％。以加密货币为重点的股票也遭受了严重的损失：最大的公司BTC持有人战略（MSTR），关闭了10％的关闭，而加密交易所Coinbase（Coin）下降了7.7％。

The February PCE inflation report, released this morning, showed a 2.5% year-over-year increase in the price index, with core inflation at 2.8%, slightly above expectations. Consumer spending showed a modest 0.4% rise, but inflation-adjusted figures indicate minimal growth, suggesting potential headwinds for economic growth. The Federal Reserve of Atlanta’s GDPNow model now projects the U.S. economy to contract 2.8% in the first quarter, -0.5% adjusted for gold imports and exports, spurring stagplationary fears.

2月份的PCE通货膨胀报告今天发布，显示价格指数同比增长2.5％，核心通货膨胀率为2.8％，略高于预期。消费者支出显示出适度的0.4％上升，但通货膨胀调整后的数字表明增长最少，这表明经济增长的潜在逆风。亚特兰大的GDPNOW模式的美联储现在预计美国经济在第一季度将签约2.8％，为-0.5％调整了黄金进口和出口，激发了滞留的恐惧。

The implementation of broad-scale U.S. tariffs next week – the so-called "Liberation Day' on April 2, as the Trump administration refers to – also compounded investor concerns across markets.

下周实施广泛的美国关税 - 特朗普政府所指的所谓的“解放日”，也使投资者担心在市场上。

CME gapfill or another leg lower?

CME Gapfill还是另一只腿较低？

Bitcoin has closely correlated with the Nasdaq lately, so U.S. equities rolling over for another leg down could weigh on the broader crypto market. However, on a more optimistic note, today's decline could be BTC filling the price gap at around $84,000-$85,000 between Monday’s open and the previous week’s close on the Chicago Mercantile Exchange futures market. Historically, BTC usually revisited similar CME gaps and a drop to $84,000 was in the cards, CoinDesk senior analyst James Van Straten noted earlier this week.

比特币最近与纳斯达克密切相关，因此美国股票不断倒闭，可能会在更广泛的加密市场上权衡。但是，从一个更乐观的角度来看，今天的下降可能是BTC在周一开放与上周芝加哥商业交易所期货市场的上一周之间的价格差距约为84,000至85,000美元。 Coindesk高级分析师James Van Straten本周早些时候指出，BTC通常会重新审视类似的CME差距，并在卡中降至84,000美元。

"At this stage it’s difficult to determine if we have already seen a bottom in 2025," Joel Kruger, market strategist at LMAX Group, said in a market note. Despite the on-going correction, he noted several positive trends such as crypto-friendly policies in the U.S. and more traditional financial firms entering the industry or expanding crypto offerings, which could bode well for digital assets later in the year.

LMAX Group市场策略师乔尔·克鲁格（Joel Kruger）在市场票据中说：“在这个阶段，很难确定我们是否已经在2025年看到了底部。”尽管进行了持续的纠正，但他注意到了几个积极的趋势，例如美国的加密友好政策以及更传统的金融公司进入该行业或扩大加密产品，这对于今年晚些时候的数字资产可能会很好。

"Any additional setbacks that we might see should be exceptionally well supported into the $70-75k area," he added.

他补充说：“我们可能看到的任何其他挫折都应该得到70-75K $ 70-75K的支持。”