加密货币市场的兴衰

唐纳德·特朗普（Donald Trump）赢得美国总统大选后，比特币达到了新的历史最高水平，从11月5日的68,000美元上升到11月13日的90,000美元以上。

The cryptocurrency market experienced significant ups and downs in 2025, largely influenced by Donald Trump's return to the political scene and his surprising initiatives in the digital asset realm.

加密货币市场在2025年经历了巨大的起伏，在很大程度上受唐纳德·特朗普（Donald Trump）重返政治舞台的影响以及他在数字资产领域中令人惊讶的举措。

Trump's campaign promises to make the United States the world leader in crypto assets and to start storing Bitcoin reserves played a crucial role in the market's initial surge. Two days before his inauguration, Trump became the first world leader to launch his cryptocurrency, $TRUMP, followed by his wife Melania announcing the launch of her memecoin, $MELANIA.

特朗普的竞选活动有望使美国成为加密资产的全球领导者，并开始存储比特币储备在市场的最初激增中起着至关重要的作用。在就职典礼前两天，特朗普成为首位推出他的加密货币$特朗普的世界领导人，随后是他的妻子梅拉尼亚（Melania）宣布发射她的成员$ Melania。

Both crypto assets experienced rapid growth until the day Trump was to officially return to the White House. The price of the TRUMP token, which initially hovered around $3 per unit, quickly rose to $70 in just a few days, reaching a peak market capitalization of around $14 billion. At the same time, 80% of the total supply of coins was controlled by companies associated with Donald Trump.

两家加密资产都经历了快速增长，直到特朗普正式返回白宫的那一天。特朗普代币的价格最初徘徊在每单位3美元左右，在短短几天内迅速上升至70美元，达到了140亿美元的峰值市值。同时，硬币总供应的80％由与唐纳德·特朗普（Donald Trump）相关的公司控制。

The cryptocurrency $MELANIA also had a notable impact on the market, briefly causing volatility in the price of $TRUMP, which fell from $75 to $30 before stabilizing in the range of $55–64. However, as Trump failed to mention Bitcoin or his token in his inaugural speech, the cryptocurrency market experienced a significant drop for the first time in 2025.

Melania的加密货币$也对市场产生了显着影响，导致特朗普的价格波动，从75美元下降到30美元，然后稳定在55-64美元的范围内。但是，由于特朗普在就职演讲中未提及比特币或他的象征，因此加密货币市场在2025年首次下降。

In particular, $TRUMP and $MELANIA updated their first historical lows of $25 and $4 per coin, respectively. Currently, the value of $TRUMP is $18 and $MELANIA is $1.5. Despite this, according to Coinbase chief product officer Conor Grogan, Trump could have made more than $800 million from his token.

特别是，特朗普和$ Melania分别更新了他们的第一个历史低点25美元和每枚硬币4美元。目前，特朗普的价值为$ 18，$ Melania为$ 1.5。尽管如此，根据Coinbase首席产品官员Conor Grogan的说法，特朗普本来可以从他的代币中赚取超过8亿美元。

Amid Trump's new cryptocurrency orders, the market began to recover on January 23. In particular, he will create a presidential task force on digital asset markets. It is tasked with developing a federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national reserve of digital assets.

在特朗普的新加密货币命令中，市场于1月23日开始恢复。特别是，他将在数字资产市场上建立一个总统任务组。它的任务是开发一个管理数字资产的联邦监管框架，包括StableCoins，并评估创建战略国家的数字资产储备。

The task force will be led by White House AI and Cryptocurrency Director David Sachs. It will include the Treasury Secretary, SEC Chairman, and other department heads, as well as leading experts in the field of digital assets and markets. In addition, Trump's son Eric promises zero capital gains tax for American crypto in the future, while foreign projects will pay 30%.

该工作队将由白宫AI和加密货币董事David Sachs领导。它将包括财政部长，SEC主席和其他部门负责人，以及数字资产和市场领域的领先专家。此外，特朗普的儿子埃里克（Eric）承诺将来对美国加密货币的零资本利得税，而外国项目将支付30％。

At the same time, the CEO of the cryptocurrency platform for payment systems Ripple, Brad Garlinghouse, said that he had held talks with Trump about making XRP (the company's cryptocurrency) a strategic reserve asset of the United States. Subsequently, the US Securities and Exchange Commission (SEC) removed all legal cases related to Ripple. These decisions had a positive effect on the growth of both XRP and other cryptocurrencies.

同时，布拉德·加林豪斯（Brad Garlinghouse）的支付系统涟漪的加密货币平台首席执行官说，他已经与特朗普举行了会谈，即有关使XRP（该公司的加密货币）成为美国的战略储备资产。随后，美国证券交易委员会（SEC）删除了与波纹有关的所有法律案件。这些决定对XRP和其他加密货币的增长都有积极的影响。

However, within a few days, world markets fell under the pressure of ChatGPT's main competitor - the Chinese artificial intelligence company DeepSeek. The emergence of a new player caused panic in the technology segment of the stock market.

但是，在几天之内，世界市场落在了Chatgpt的主要竞争对手 - 中国人工智能公司DeepSeek的压力下。新玩家的出现引起了股票市场技术领域的恐慌。

For example, NVIDIA, which produces the most powerful microchips in the world, suffered the largest one-day loss in history, which reached $ 600 billion from the company's market capitalization, which led to a decrease of $ 1 trillion in the US technology sector.

例如，生产世界上最强大的微芯片的Nvidia遭受了历史上最大的一日损失，该公司的市值从公司的市值下降了6000亿美元，这导致美国技术部门的1万亿美元下降了。

The cryptocurrency market reacted to this news with a very strong decline. The fall in the price of Bitcoin to $100,000 occurred after the coin reached a peak of over $108,000 last month. And the bearish (pessimistic) sentiment among retail and institutional investors intensified in the market. The price of Bitcoin is a barometer of market sentiment and trends. If Bitcoin falls, the market usually follows it.

加密货币市场对这一消息做出了反应，并有很大的下降。硬币上个月的高峰超过108,000美元之后，比特币的价格下跌了100,000美元。零售和机构投资者之间的看跌（悲观）情绪在市场上加剧了。比特币的价格是市场情绪和趋势的晴雨表。如果比特币跌倒，市场通常会遵循它。

However, in February the market came under a new blow due to Trump's statement on the introduction of tariffs on goods from Canada, Mexico, and China. Financial analyst Andrii Shevchyshyn told RBC-Ukraine that not only the stock and crypto markets reacted to the risk of a trade war, but also almost all currencies, except the US dollar, even gold began to decline.

但是，由于特朗普对加拿大，墨西哥和中国的商品关税的提出的声明，该市场在2月受到了新的打击。财务分析师安德里（Andrii Shevchyshyn）告诉加拿大皇家骑警 - 乌克兰（RBC-Ikraine），不仅股票和加密货币市场对贸易战的风险做出了反应，而且几乎所有货币（除美元）以外，甚至黄金都开始下降。

"The strengthening of the dollar is due to the outflow of capital from falling stock markets and bonds. Investors are withdrawing money from risky assets, in particular from cryptocurrencies. Although the price of Bitcoin is falling, it remains in a stable corridor, as Bitcoin-ETFs effectively support the market, buying up the dips. Unlike altcoins, which can fall by 50%, Bitcoin remains stable, because it is an already established business," emphasizes Shevchyshyn.

“美元的加强是由于资本从股票市场和债券下降所致。投资者正在从风险的资产中撤回资金，尤其是从加密货币中撤出。尽管比特币的价格正在下跌，但它仍然位于稳定的走廊中，如比特币， -ETF有效地支持市场，与AltCoins不同，比特币可能会下降50％，因为它是已经建立的业务，” Shevchyshyn强调。

Although Bitcoin is the most stable cryptocurrency, it still fell to $92,000. But thanks to the news that Trump agreed with Canada and Mexico to postpone 25% tariffs for a month, Bitcoin was able to return to $99,000.

尽管比特币是最稳定的加密货币，但仍降至92,000美元。但是，由于有消息称特朗普同意加拿大和墨西哥的一个月关税，比特币能够返回99,000美元。

The situation is much worse for altcoins - crypto

对于Altcoins来说，情况更糟 - 加密货币