當市場與特朗普的關稅競爭時，比特幣（BTC）略有下降

在過去的24小時內，加密貨幣略有下降，廣闊的市場Coindesk 20（CD20）指數下降了1.4％。比特幣（BTC）幾乎沒有改變

Cryptocurrencies fell slightly in the past 24 hours, with the broad market CoinDesk 20 (CD20) index dropping 1.4%. Bitcoin (BTC) is little changed around $95,000. These figures are well within recently volatility ranges and come on the back of a strong monthly performance — BTC is on track to rise 15% in April, the most since November.

在過去的24小時內，加密貨幣略有下降，廣闊的市場Coindesk 20（CD20）指數下降了1.4％。比特幣（BTC）幾乎沒有變化左右$ 95,000。這些數字在最近的波動率範圍之內，並且在每月強勁的表現之後 - BTC在4月份有望增長15％，這是11月以來最多的。

The market has been grappling with growing pessimism surrounding the potential impact of President Donald Trump’s reciprocal tariffs on nearly every country and optimism that the Federal Reserve will cut interest rates earlier than expected.

該市場一直在努力應對圍繞唐納德·特朗普總統對幾乎每個國家的互惠關稅的潛在影響的越來越悲觀，並樂觀美聯儲將比預期的要早降低利率。

Stock prices have rallied over the past week on expectations Trump would lower the tariffs and the continuation of interest-rate cuts, according to Spanish bank Bankinter.

據西班牙銀行銀行（Spanish Bankinter）稱，在過去一周中，股價在過去一周內匯總了特朗普將降低關稅和降低利率降低的預期。

“Yet the perspective could turn for the worse from today, applying the logic of the data, because — regardless of tariffs and rate cuts — part of the damage has already been done, chiefly to confidence, which is the market’s foundation,” the bank wrote in a note.

該銀行在一份票據中寫道：“然而，從今天開始，觀點可能會變得更糟，應用數據的邏輯，因為 - 不管關稅和削減稅率，一部分損害已經造成了部分損失，主要是信心，這是市場的基礎。”

Indeed, various major companies, including P&G, UPS, PepsiCo, American Airlines and GM, have lowered or pulled their earnings forecasts. Bankinter pointed out that French first-quarter GDP data released today showed a quarter-on-quarter increase that was entirely inventory-driven, while consumption, investment, and exports are weakening.

的確，包括寶潔，UPS，百事可樂，美國航空和通用汽車在內的各種主要公司都降低或降低了其收入預測。 Bankinter指出，法國第一季度GDP今天發布的數據顯示，四分之一的增長是完全由庫存驅動的，而消費，投資和出口卻在削弱。

That bodes poorly for the U.S. figure, set to be released at 8:30 a.m. Some market observers, including Bankinter, suggest it could contract sharply. Bitcoin’s rise so far this year, contrasting with the stock market’s worst 100 days of a presidential administration since 1974, could be further evidence the cryptocurrency is starting to be used as a hedge.

對於美國的數字來說，這是一個很差的，即將在上午8:30發布一些市場觀察員，包括Bankinter，表明它可以急劇收縮。比特幣今年到目前為止的崛起與股市自1974年以來最糟糕的100天最糟糕的100天相反，可以進一步證明加密貨幣開始用作樹籬。

As mentioned earlier in the week, Greg Cipolaro, the global head of research at NYDIG, wrote in a note that BTC has been acting “more like the non-sovereign issued store of value that it is.”

如本週早些時候所述，NYDIG的全球研究負責人格雷格·奇普拉羅（Greg Cipolaro）在一份註釋中寫道，BTC一直在行動“更像是“非難得者”的價值存儲。”

Bitcoin has decoupled from U.S. equities after the trade war between the U.S. and China escalated and has been seeing bets on it rise. This month, spot bitcoin ETFs posted monthly total net inflows of little over $3 billion according to SoSoValue data, further pointing to a flight to the cryptocurrency space amid the uncertainty. Stay alert!

在美國和中國之間的貿易戰爭之後，比特幣與美國股票脫口而出，並看到賭注上升。本月，根據SosoLaue數據，現貨比特幣ETF每月發布的總淨流入數量超過30億美元，進一步指出，由於不確定性，飛往加密貨幣空間。保持警覺！

What to Watch

看什麼

Token Events

令牌事件

| Token

|令牌