比特幣（BTC）徘徊在範圍內，儘管經濟數據，但仍有1％的收益。

在過去的一周中，比特幣（BTC）徘徊在範圍內，張貼大約1％。儘管有這麼輕微的增長，但世界上最大的加密貨幣一直在努力超越95,00美元的關鍵阻力水平，因為交易員似乎準備以該門檻出售，獲得利潤並保持BTC上限。

Bitcoin (BTC) price has hovered in a tight range over the past week, posting a modest gain of around 1% despite struggling to push past the key resistance at $95,000.

在過去的一周中，比特幣（BTC）的價格徘徊在範圍很高，儘管努力將關鍵阻力推向95,000美元，但張貼大約1％的幅度約為1％。

Bitcoin price rose by 14% during April as it appears to be successfully decoupling from the S&P 500. Source: Brave New Coin Bitcoin Liquid Index.

在4月份，比特幣價格上漲了14％，因為它似乎已成功地與標準普爾500指數分離。資料來源：勇敢的新硬幣比特幣液體指數。

The world’s largest cryptocurrency is now trading at around $94,000, a level it has hit several times in recent weeks before bouncing lower.

現在，全球最大的加密貨幣的交易價格約為94,000美元，這一水平在最近幾週降低了幾週。

At the same time, major U.S. stock indices sold off sharply following the release of disappointing economic data.

同時，在發布令人失望的經濟數據後，美國主要的股票指數急劇出售。

Specifically, Gross Domestic Product (GDP) fell by 0.3% in the first quarter of 2025 — the first negative quarter since Q1 2022. The seasonally adjusted, inflation-accounted figure marked a sharp reversal from the 2.4% growth seen in Q4 2024 and missed Dow Jones estimates, which had predicted 0.4% growth.

具體而言，國內生產總值（GDP）在2025年的第一季度下降了0.3％，這是自2022年第1季度以來的第一個負季度。經過季節性調整，通貨膨脹率成績的數字標誌著與第四季度2024年第四季度增長的2.4％和遺失Dow Jones估計的2.4％的增長急劇逆轉，該估計預測了0.4％。

A major contributor to the contraction appears to be a surge in imports, as companies and consumers rushed to buy goods ahead of the Trump administration’s tariffs.

由於公司和消費者在特朗普政府的關稅之前急於購買商品，因此收縮收縮的主要貢獻似乎是進口的激增。

President Trump, responding to concerns about potential product shortages, downplayed the impact: “Maybe the children will have two dolls instead of 20, and maybe the two dolls will cost a couple of bucks more than they would normally,” he said in a White House cabinet meeting.

特朗普總統對潛在產品短缺的擔憂做出了淡化的影響：“也許孩子們將有兩個洋娃娃而不是20個娃娃，也許這兩個娃娃的花費比往常的花費要高出幾美元，”他在白宮內閣會議上說。

Furthermore, the ADP jobs report for April showed the creation of only 62,000 jobs, significantly below the expected 108,000 and well below March’s 147,000. It was the weakest jobs print since July 2024.

此外，4月份的ADP職位報告顯示，創造了62,000個工作崗位，顯著低於預期的108,000，遠低於3月的147,000。這是自2024年7月以來最弱的工作。

These releases triggered a selloff in major U.S. stock indices, which appeared to drag down crypto markets, including Ethereum (ETH) and XRP (XRP), but had a far lesser impact than it has previously.

這些發布引發了美國主要股票指數的拋售，這些股票指數似乎拖延了包括以太坊（ETH）和XRP（XRP）在內的加密貨幣市場，但影響遠低於以前。

However, despite the short-term pressure, BTC’s performance relative to equities has shown a notable divergence.

然而，儘管有短期壓力，但BTC相對於股票的表現表現出顯著的分歧。

Bitcoin Decouples from Wall Street: A Return to Its Roots?

比特幣與華爾街的脫離：返回其根源？

According to on-chain analytics from The Block, Bitcoin’s correlation with U.S. stocks has dropped to 0.3, its lowest since early 2023.

根據該區塊的鏈分析，比特幣與美國股票的相關性下降到0.3，自2023年初以來最低。

This decoupling suggests that BTC may be regaining its identity as a non-correlated, alternative asset — a role it was originally envisioned to fulfill.

這種解耦表明，BTC可能正在重新獲得其身份作為無關的，替代性的資產，這是最初設想的作用。

Designed as a decentralized payment network, Bitcoin operates independently of centralized intermediaries and government monetary policy. With its hard-coded supply limit and transparent issuance schedule, it stands in stark contrast to the debt-driven U.S. fiscal system.

比特幣設計為分散的支付網絡，獨立於集中的中介機構和政府貨幣政策。憑藉其硬編碼的供應限制和透明的發行時間表，它與債務驅動的美國財政體系形成鮮明對比。

For many investors, Bitcoin offers a hedge against the instability of traditional finance.

對於許多投資者來說，比特幣為傳統金融的不穩定提供了對沖。

In light of this, Bitcoin bulls are likely to remain optimistic. While macroeconomic pressures persist, BTC’s ability to maintain stability amid broader volatility could further strengthen its narrative as a long-term, resilient asset.

鑑於此，比特幣公牛可能會保持樂觀。儘管宏觀經濟壓力持續存在，但BTC在更廣泛的波動性中保持穩定性的能力可以進一步增強其作為長期，彈性的資產的敘述。