當美國總統唐納德·特朗普（Donald Trump）掌權時，全球虛擬資產市場逐漸縮小

當美國總統唐納德·特朗普（Donald Trump）聲稱自己是“加密貨幣總統”時，全球虛擬資產市場掌權。

U.S. President Donald Trump, who claimed to be the “Crypto President,” took office and the global virtual asset market shrank.

美國總統唐納德·特朗普（Donald Trump）聲稱自己是“加密貨幣總統”，上任和全球虛擬資產市場縮水。

Bitcoin plunged immediately after Trump's inauguration as it hit an all-time high, and the altcoin market recorded a bigger drop. There was also a controversy over meme coins that President Trump himself floated. However, dollar-linked stablecoins have expanded their influence in the market.

在特朗普就職典禮後，比特幣立即下降，因為它達到了歷史最高水平，而Altcoin Market下降了更大的下降。特朗普本人浮出水面也引起了關於模因硬幣的爭議。但是，美元鏈接的穩定蛋白擴大了他們在市場上的影響。

On January 20, when President Trump's inauguration was held, the market capitalization of global virtual assets reached $3.53 trillion. However, it evaporated 14.20 percent to about $3.287 trillion on the 28th of this month, just before the 100th day of his inauguration.

1月20日，特朗普總統就職典禮時，全球虛擬資產的市值達到了3.53萬億美元。但是，在本月28日，就在其就職典禮的第100天之前，它蒸發了14.20％至3.287萬億美元。

Bitcoin, a virtual currency leader, hit an all-time high, soaring from $102,500 on January 19 to $109,191 a day before Trump's inauguration. However, it fell to the $100,600 range shortly after taking office, and for a while, it fluctuated in the early $90,000 range.

虛擬貨幣領導者比特幣（Bitcoin）達到了歷史最高水平，從1月19日的102,500美元到特朗普就職之前的每天109,191美元。但是，上班後不久，它降至了100,600美元，並且有一段時間在90,000美元的早期範圍內波動。

At the much-anticipated White House Crypto Summit, the U.S. government said it would not purchase additional Bitcoin.

在備受期待的白宮加密峰會上，美國政府表示不會購買其他比特幣。

Bitcoin, which had risen to the $95,000 mark on the expectation of additional stockpiles at the level of the U.S. federal government, fell to the $86,000 mark immediately after the talks. Since then, when President Trump raised the tariff pressure, it has fallen to $76,873, plunging 27% from its peak price. Recently, it has continued to move sideways between $93,000 and $94,000.

比特幣在美國聯邦政府級別上的額外股票期望額外的股票上漲至95,000美元。從那以後，當特朗普總統提高關稅壓力時，它已經降至76,873美元，其高峰價格下跌了27％。最近，它繼續向側面移動93,000美元至94,000美元。

Altcoins saw a bigger drop than Bitcoin. Ethereum fell 44% as of the 25th compared to President Trump's inauguration day (January 20). Solana is down 40%, while Ripple (XRP) and Dogecoin are down 23% and 49%, respectively. Bitcoin fell only 7.29% during the same period.

Altcoins的下降比比特幣大。與特朗普總統就職日（1月20日）相比，以太坊截至25日下降了44％。 Solana下降了40％，而Ripple（XRP）和Dogecoin分別下降了23％和49％。在同一時期，比特幣僅下降7.29％。

In particular, in the meme coin market, President Trump appeared as a party to the controversy, fueling market confusion. Just before he took office, he launched the official meme coin ‘Official Trump.’ It soared to the $44 range in two days, but plunged below $20 in about 10 days.

特別是，在模因硬幣市場中，特朗普總統作為爭議，加劇市場困惑的政黨。就在他上任之前，他推出了官方的模因硬幣“官方特朗普”。它在兩天內飆升至44美元，但在大約10天內飆升至20美元以下。

President Trump raised the controversy by saying that he would invite 220 top Trump holders to the White House luncheon on the 24th, undaunted by the controversy over market intervention. When the news was announced, the official Trump price soared nearly 60% in one day, but soon returned the increase and sank to the $14 level.

特朗普總統說，他將在24日邀請220名特朗普持有者參加白宮午餐會，這引起了爭議，這對市場干預的爭議毫不畏懼。宣布這一消息後，特朗普官方的價格在一天之內飆升了近60％，但很快就恢復了增長，並沉入了14美元的水平。

On the other hand, as risk aversion sentiment has strengthened, stablecoins such as Tether (USDT) and Circle (USDC) have grown their market capitalization from $131.7 billion on Trump's inauguration day to $241.9 billion. At the U.S. government level, it is also clarifying its deregulation stance and empowering dollar-based stablecoins. This is because issuers mainly use U.S. government bonds as collateral, which is also useful for the U.S. government.

另一方面，隨著風險厭惡情緒的加強，諸如Tether（USDT）和Circle（USDC）之類的Stablecoin已將其市值從特朗普就職日的1317億美元增長到2419億美元。在美國政府一級，它還澄清了其放鬆管制立場並增強了基於美元的穩定穩定性。這是因為發行人主要使用美國政府債券作為抵押品，這對美國政府也很有用。

Volatility is expected to continue until the Trump administration's policy direction materializes. Hong Sung-wook, a senior researcher at NH Investment & Securities, explained, "The virtual asset market has fallen since President Trump took office because of high market expectations."

預計波動性將繼續進行，直到特朗普政府的政策指導實現為止。 NH Investment＆Securities的高級研究員Hong Sung-Wook解釋說：“自特朗普總統由於市場期望很高以來，虛擬資產市場就下降了。”

However, researcher Hong said, "Bitcoin is relatively solid, clearly showing a difference from other altcoins," adding, "Although the U.S. government does not purchase Bitcoin directly yet, there are also movements at the state level and the holder base is expanding." He added, "For example, Texas' gross domestic product (GDP) is larger than Korea's GDP, where discussions on bitcoin stockpiling are active."

但是，研究人員Hong說：“比特幣相對牢固，顯然顯示與其他山寨幣有所不同。”補充說：“儘管美國政府尚未直接購買比特幣，但州一級也有動作，持有人基地正在擴大。”他補充說：“例如，德克薩斯州的國內生產總值（GDP）比韓國的GDP大，在那裡，關於比特幣庫存的討論很活躍。”