Coinex Research的2025年4月報告：儘管美國關稅緊張局勢，比特幣（BTC）的價格飆升14％

在4月初，在美國關稅緊張局勢升級的情況下，比特幣跌至74,500美元。 4月9日的戲劇性政策轉變，特朗普宣布停頓90天

Hong Kong, April 09, 2025 (GLOBE NEWSWIRE via TechNews) – U.S. tariff tensions pushed Bitcoin toward $74,500 in early April. A dramatic policy shift on April 9, with Trump announcing a 90-day pause on most reciprocal tariffs and a 125% rate on Chinese imports, brought a surprising turn.

香港，2025年4月9日（通過Techws的Globe Newswire） - 美國關稅緊張局勢將比特幣推向了4月初的74,500美元。 4月9日，特朗普宣布大多數互惠關稅的90天停頓，中國進口稅率為125％，這使人感到驚訝，這使人感到驚訝。

This move, made amid escalating trade friction, had a swift impact. After days of losses, Bitcoin began a recovery from $74,500, surging 7% within 24 hours to reach $82,350 by April 10.

這一舉動在不斷升級的貿易摩擦中產生了迅速影響。經過幾天的損失，比特幣從74,500美元開始恢復，在24小時內飆升7％，到4月10日達到82,350美元。

The news also sparked a broader rally in major indices like the S&P 500, which rose over 2% on April 9, contrasting with Bitcoin's 14% gains for the month as it approached $96,000.

這一消息還引發了主要指數等主要指數的廣泛集會，標準普爾500指數在4月9日上漲了2％，與比特幣的14％收益相反，因為它接近了96,000美元。

Relative to the S&P 500's 10% gains since March 1, Bitcoin's performance is noteworthy, especially considering the broader stock market downturn in late 2024 due to U.S. macroeconomic concerns.

相對於自3月1日以來，標準普爾500指數的10％增長，比特幣的表現值得注意，尤其是考慮到2024年底由於美國宏觀經濟問題而股票市場的低迷。

Chart: TradingView; Data as of 28 April 2025

圖表：TradingView；截至2025年4月28日的數據

Technical Trends: BTC Range and Dominance at Multi-Year HighsBitcoin prices have been consolidating after a period of strong rally, influenced by U.S. tariff policy which dropped to $74,500. Following Trump pausing most reciprocal tariffs for 90 days, Bitcoin surged 7% within 24 hours, reaching $82,350 by April 10, and later reclaimed $90,000, finally hit $96,000.

技術趨勢：在一段強勁的集會之後，BTC範圍和多年高價幣價格的優勢已經鞏固，受美國關稅政策的影響，下降到74,500美元。在特朗普暫停了90天的大多數互惠關稅之後，比特幣在24小時內飆升了7％，到4月10日到達82,350美元，後來又回收了90,000美元，最終達到了96,000美元。

Bitcoin broke through key resistance levels, trading back into the previous range of $90,000–$108,000. Without fresh catalysts, sideways consolidation may follow. Meanwhile, Bitcoin Dominance reached a four-year high of 64%, hinting at sustained BTC leadership unless altcoins regain momentum. However, failure to sustain above 64% could trigger a retracement to 60%, potentially creating opportunities for altcoin outperformance.Gold's Revival: Traditional vs. Tokenized Access

比特幣打破了關鍵阻力水平，又回到了先前的$ 90,000- $ 108,000。如果沒有新鮮的催化劑，則可能隨後進行側向整合。同時，比特幣的優勢達到了64％的四年高點，除非替補幣恢復勢頭，否則BTC領導層的持續領導才能。但是，無法維持超過64％的人可能會引發60％的回答，這可能會為Altcoin勝過勝過。

Gold reached a new all-time high above $3,400/oz on Thursday, April 24, driven partly by geopolitical uncertainty and a weaker dollar. Web2 instruments like GLD and IAU remain dominant, but tokenized gold, like XAUT and PAXG, in Web3 is gaining traction. However, blockchain-based gold products, with a combined market cap of $2 billion, still represent a tiny fraction of the $190 billion traditional gold ETF market. Both spaces reflect rising safe-haven demand, with gold potentially eyeing $4,000 by year-end.

4月24日（星期四），Gold在3,400盎司/盎司的歷史最高售價上達到了新的高度，部分是由於地緣政治不確定性和較弱的美元驅動。諸如GLD和IAU之類的Web2儀器仍然占主導地位，但是Web3中的Xaut和Paxg等標記黃金正在受到關注。但是，基於區塊鏈的黃金產品的總市值為20億美元，仍然代表了1900億美元傳統黃金ETF市場的一小部分。這兩個空間都反映了避風港需求的上升，黃金可能會按年底出售4,000美元。

Bitcoin Staking Innovations: Yield Without Compromise

比特幣的創新：不妥協的產量

In Q1 2025, the Bitcoin (BTC) staking and restaking ecosystem underwent a noticeable transformation. As interest in BTC yield grew, so did the variety of protocols catering to this demand.

在第1季度2025年，比特幣（BTC）的樁和重新生態系統經歷了明顯的轉變。隨著對BTC收益率的興趣的增長，各種方案也滿足了這一需求。

Projects like Babylon, PumpBTC, and Lorenzo Protocol are devising creative solutions for liquid staking and restaking derivatives, allowing BTC holders to earn passive income without relinquishing custody or converting to altcoins. These protocols are promising but carry risks related to smart contracts and centralization, which investors should carefully consider.Monad: A Rising Star Among Layer 1s

Babylon，PumpBTC和Lorenzo協議等項目正在為液體蒸發和重新生產衍生品設計創造性的解決方案，使BTC持有人能夠賺取被動收入，而無需放棄監護權或轉換為AltCoins。這些協議是有希望的，但具有與智能合約和集中化有關的風險，投資者應仔細考慮。

Just two months after its testnet launch in February, Monad, a high-performance Ethereum-compatible chain, has deployed 16.48 million contracts and registered 210 million wallets by April 25.

2月的測試網僅兩個月後，Monad是一家高性能以太坊兼容的連鎖店，已在4月25日之前部署了1648萬份合同，並註冊了2.1億錢包。

Monad tackles scalability with parallel execution and pipelined processing, aiming for 10,000+ TPS and 1-second finality. Its EVM bytecode compatibility eases developer migration, already attracting over 100 early-stage projects in DeFi, NFTs, and infrastructure.

Monad通過並行執行和管道處理處理可擴展性，旨在實現10,000多個TP和1秒的終結性。它的EVM字節碼兼容性可以減輕開發人員的遷移，已經吸引了100多個DEFI，NFT和基礎架構的早期項目。

Backing from prominent crypto funds like Paradigm and Dragonfly Capital further bolsters investor confidence in Monad’s potential. From this angle, Monad is quickly gathering developer interest and a burgeoning community of over 200,000.

從範式和蜻蜓資本（Dragonfly Capital）等著名的加密基金的支持進一步加強了投資者對Monad潛力的信心。從這個角度來看，Monad正在迅速收集開發人員的興趣和一個超過200,000的新興社區。

For a deeper analysis, refer to our recently published article, “From Hype to Reality: Can Monad’s Testnet Success Translate into Mainnet Value?”

要進行更深入的分析，請參閱我們最近發表的文章“從炒作到現實：Monad的TestNet成功能否轉化為主網值？”

Stablecoin Flows: Signs of Accumulation, Not Acceleration

Stablecoin流：積累的跡象，而不是加速度

April saw $64.8 billion in stablecoin inflows to cryptocurrency exchanges, a slight decrease from March but still indicating sustained institutional interest in the space.

4月的穩定幣流向加密貨幣交流的648億美元，比3月份略有下降，但仍表明該領域持續持續的機構利益。

However, the slower pace of inflows may indicate a consolidation period for capital, which is accumulating in preparation for the next market push. Analysts believe this capital is waiting for clearer macroeconomic signals before flowing into riskier assets.

但是，流入速度較慢可能表明資本的合併期，這是為下一個市場推動做準備的積累。分析師認為，這項資本正在等待更清晰的宏觀經濟信號，然後才能流入風險更高的資產。

Looking Ahead: May’s Macro Watchlist

展望未來：五月的宏觀監視列表