加密市場在特朗普政府的前100天退縮

即使唐納德·特朗普（Donald Trump）執行積極的政策，包括對加密儲備的支持行動，比特幣（BTC）和大多數山寨幣都下降了。

The first 100 days of Donald Trump’s administration have seen crypto prices decrease despite positive government policies and a booming stock market.

儘管政府政策積極和股市蓬勃發展，唐納德·特朗普（Donald Trump）政府的前100天的加密價格下降。

The administration’s actions have included shutting down the Securities and Exchange Commission’s lawsuits against prominent companies like Uniswap (UNI), Coinbase, and Ripple Labs, as well as announcing support for crypto reserves to mitigate inflation.

政府的行動包括關閉對諸如UNISWAP（UNI），Coinbase和Ripple Labs等著名公司的證券交易委員會的訴訟，以及宣布支持加密儲備金以減輕通貨膨脹的支持。

However, macro factors have played a greater role, with Trump reigniting a trade war against Canada, Mexico, and China, leading to a drop in the crypto market cap by 14.7% since his administration began.

但是，宏觀因素發揮了更大的作用，特朗普重創了針對加拿大，墨西哥和中國的貿易戰爭，自從他的政府開始以來，加密貨幣市值下降了14.7％。

Here are the top 5 crypto charts that defined the first 100 days of Trump’s presidency:

以下是定義特朗普總統前100天的前5個加密圖表：

Crypto market cap crashes by 14.7%The first chart below highlights how the broader crypto market has performed poorly in comparison to the stock market since Trump took office.

加密貨幣市值崩潰的崩潰14.7％，以下第一批圖表強調，與股票市場相比，更廣泛的加密貨幣市場表現較差。

The total market capitalization of all cryptocurrencies has decreased by 14.7%, while the S&P 500 and Nasdaq 100 have seen declines of 6.9% and 7.9%, respectively.

所有加密貨幣的總市值下降了14.7％，而標準普爾500指數和納斯達克100分別下降了6.9％和7.9％。

This performance is noteworthy considering that Trump campaigned on being the “most pro-crypto president” in U.S. history, and his administration’s policies have largely supported the crypto industry.

考慮到特朗普競選美國歷史上“最親密的總統”，他的政府政策在很大程度上支持了加密貨幣行業，這一表現值得注意。

On a positive note, the crypto market cap has recovered slightly, increasing from $2.39 trillion earlier this month to $2.9 trillion.

從積極的角度來看，加密貨幣市值略有恢復，從本月初的2.39萬億美元增加到2.29萬億美元。

The chart above, created by Visual Capitalist, showcases the concerning trend in the crypto market.

由視覺資本家創建的上圖展示了加密貨幣市場的趨勢。

The administration's actions have included shutting down the Securities and Exchange Commission's lawsuits against prominent companies like Uniswap (UNI), Coinbase, and Ripple Labs, as well as announcing support for crypto reserves to mitigate inflation.

政府的行動包括關閉對諸如UNISWAP（UNI），Coinbase和Ripple Labs等著名公司的證券交易委員會的訴訟，以及宣布支持加密儲備金以減輕通貨膨脹的支持。

Despite these positive moves, the crypto market has continued to struggle, attributing the downturn to macro factors.

儘管採取了這些積極的舉動，但加密貨幣市場仍在努力掙扎，將低迷歸因於宏觀因素。

The administration's decision to reignite a trade war against Canada, Mexico, and China following his inauguration in January has had a significant impact.

政府在一月份就職典禮後，決定對加拿大，墨西哥和中國進行貿易戰的決定產生了重大影響。

Moreover, the administration has faced criticism for its handling of the coronavirus pandemic, which has also contributed to the economic downturn.

此外，政府因處理冠狀病毒大流行而面臨批評，這也導致了經濟衰退。

However, it's important to note that the stock market has also experienced losses during this period.

但是，重要的是要注意，在此期間，股市也遭受了損失。

The S&P 500 and Nasdaq 100 have seen declines of 6.9% and 7.9%, respectively, while the Dow Jones Industrial Average has risen by 0.8%.

標準普爾500指數和納斯達克100分別下降了6.9％和7.9％，而道瓊斯工業平均水平上升了0.8％。

In contrast, the crypto market has crashed even more, with a 14.7% drop in the last 100 days.

相比之下，加密貨幣市場崩潰了更多，在過去的100天中下降了14.7％。

The administration's actions have been mixed, with some showing support for crypto while others have been less favorable.

政府的行動混合在一起，其中一些表現出對加密貨幣的支持，而另一些則不太有利。

For instance, the administration announced support for stablecoins and Bitcoin (BTC) in March, following the news that the U.S. dollar reserves might hit record lows.

例如，政府在3月宣布對Stablecoins和BTC（BTC）的支持，此前有消息稱美元儲備可能會達到創紀錄的低點。

However, the administration's decision to shut down the SEC lawsuits, which targeted companies like Uniswap, Coinbase, and Ripple Labs, could be seen as an attempt to salvage the floundering economy by focusing on bigger problems.

但是，政府決定關閉SEC訴訟的決定，該訴訟以Uniswap，Coinbase和Ripple Labs等公司為目標，可以看作是通過專注於更大的問題來挽救掙扎經濟的一種嘗試。

The administration's actions will continue to be closely watched as they could have a significant impact on the future of the crypto industry in the U.S.

政府的行動將繼續受到關注，因為它們可能會對美國加密行業的未來產生重大影響

The administration's term began with a surge in meme coins, leading to a strong performance by decentralized exchanges in January.

政府的任期始於模因硬幣激增，從而導致一月份的分散交流表現出色。

As Donald and Melania Trump launched their own tokens ahead of the inauguration, we saw the initial rally in decentralized exchanges, later pivoting to the meme coin hype, especially on chains like BNB Chain and Huobi.

當唐納德（Donald）和梅拉尼亞·特朗普（Melania Trump）在就職典禮前推出了自己的代幣時，我們在分散的交流中看到了最初的集會，後來旋轉了模因硬幣炒作，尤其是在BNB Chain和Huobi等連鎖店。

Data from TokenInsight shows that DEX volume reached a peak of $564 billion in January before moderizing to $382 billion in February and $248 billion in both March and April as meme coin enthusiasm faded.Stablecoin market cap jumps

TokenInsight的數據顯示，1月的DEX量達到5640億美元的高峰，隨著Meme Coin Hopsiasmed逐漸消失，3月和4月的降至3820億美元，三月和4月的2480億美元。

Stablecoins have continued to grow under Trump’s administration.

在特朗普政府的領導下，穩定幣繼續增長。

According to TokenInsight, the total stablecoin market cap has risen to over $240 billion, led by Tether, USD Coin, Dai, Sky Dollar, and Athena. Since Trump took office, stablecoins have added $40 billion in total market capitalization.RWA growth accelerates

根據TokeninSight的說法，由Tether，USD Coin，Dai，Sky Dollar和Athena領導的Stablecoin市值總額已上升到超過2400億美元。自特朗普上任以來，Stablecoins增加了400億美元的總市值。 RWA增長加速

Meanwhile, demand for Real World Asset tokenization has grown to a record high. The market value of all RWA tokens has jumped to over $11.17 billion, up from $7.92 billion when Trump took office. The biggest players in the RWA industry are BlackRock BUIDL, Athena USDtb, Ondo Finance, Tether Gold, and Paxos Gold.

同時，對現實世界資產令牌化的需求已增長到創紀錄的高度。所有RWA代幣的市場價值躍升至超過11.7億美元，高於特朗普上任時的79.2億美元。 RWA行業最大的參與者是BlackRock Buidl，Athena USDTB，Ondo Finance，Tether Gold和Paxos Gold。

One of the top stories in RWA was the collapse of Mantra, one of the biggest chains in the industry.

RWA的最高故事之一是咒語的崩潰，這是該行業中最大的鏈條之一。

Bitcoin ETFs had net inflows of $3.73 billion

比特幣ETF的淨流入為37.3億美元

Finally, the last chart highlights the price action in Bitcoin (BTC) and Ethereum (ETH) ETFs.

最後，最後一個圖表突出了比特幣（BTC）和以太坊（ETH）ETF的價格動作。

Spot Bitcoin ETFs have recorded $3.

現貨比特幣ETF的記錄為3美元。