比特币和大多数Altcoins崩溃了，删除了本周早些时候的一些收益

输入：比特币和大多数山寨币都崩溃了，消除了本周早些时候的一些收益。 PI网络价格继续下降趋势，低于0.80美元

Bitcoin and most altcoins have crashed, wiping out some of the gains made earlier in the week. PI Network price continued its strong downtrend, reaching a low of $0.80, its lowest level since February 22. It has plunged by over 73% from its all-time high.

比特币和大多数山寨币都崩溃了，消除了本周早些时候的一些收益。 PI网络价格继续下降趋势，至2月22日以来的最低水平，达到了0.80美元。它的历史最高水平跌至73％以上。

XRP price dropped to $2.39, down by 7.85% from its highest level this week, while Stellar (XLM) and Dogecoin (DOGE) fell by over 5%. Altogether, the market cap of all cryptocurrencies tracked by CoinMarketCap dropped by 1.5% to $2.84 trillion.

XRP价格下跌至2.39美元，比本周最高水平下降7.85％，而Stellar（XLM）和Dogecoin（Doge）下跌了5％以上。总共，CoinMarketCap跟踪的所有加密货币的市值下降了1.5％，至2.84万亿美元。

Bitcoin Price Risky Patterns

比特币价格风险模式

The first reason why these altcoins crashed is that Bitcoin formed risky patterns, signaling that it had not made a strong bullish breakout yet. It formed a rising wedge pattern, a popular bearish reversal sign. This pattern comprises two ascending and converging trendlines and often leads to a reversal.

这些山寨币崩溃的第一个原因是比特币形成了风险模式，表明它还没有引起强烈的看涨突破。它形成了一个上升的楔形图案，这是一个流行的看跌逆转标志。该模式包括两个升级和收敛的趋势线，并经常导致逆转。

Bitcoin formed a break-and-retest pattern. It returned to the neckline of the double-top chart. It also formed a death cross as the 50-day and 200-day Weighted Moving Averages (WMA) crossed each other. Bitcoin also struggled to move beyond the psychological barrier of $90,000.

比特币形成了重新测试模式。它返回到双顶图表的领口。它还形成了一个死亡十字架，因为50天和200天加权的移动平均（WMA）彼此交叉。比特币还努力超越了90,000美元的心理障碍。

Therefore, as BanklessTimes warned there is a risk that it would drop, and possibly retest the support at $76,890, its lowest point this month. Historically, altcoin prices often drop when Bitcoin is falling.

因此，正如Banklesstimes警告的那样，它有可能下降的风险，并可能以76,890美元（本月最低点）重新测试支持。从历史上看，当比特币下降时，AltCoin价格通常会下跌。

Pi Network, XRP, and Stellar Crashed as Trade Risks Rose

随着贸易风险上升，PI网络，XRP和Stellar崩溃了

These altcoins also crashed as trade concerns continued after Donald Trump announced tariffs on auto imports. These tariffs were announced ahead of his so-called Liberation Day, when he will impose reciprocal tariffs.

在唐纳德·特朗普宣布对汽车进口的关税之后，这些山寨币也崩溃了。这些关税在他所谓的解放日之前宣布，届时他将征收互惠关税。

The worsening trade issues explain why American stocks crashed on Wednesday. The Dow Jones Index fell by 170 points, the S&P 500 by 65 points, and the Nasdaq 100 by 375 points.

恶化的贸易问题解释了为什么美国股票在周三崩溃。道琼斯指数下跌170分，标准普尔500分降至65分，纳斯达克100分降至375分。

The risk is that these tariffs may lead to stagflation in the United States. Stagflation is a situation characterized by high inflation and slow economic growth, and is often the riskiest situation in an economy.

风险是这些关税可能导致美国停滞。僵局是一种以高通货膨胀和经济增长缓慢的情况为特征，通常是经济中最危险的情况。

Stagflation is risky because there is usually no easy way out for the Fed. Cutting interest rates to boost the economy often leads to higher inflation. Hiking rates to slow inflation affects the economy. Mark Zandi, a top economist at Moody’s stated:

滞留是有风险的，因为美联储通常没有简单的出路。降低利率以提高经济通常会导致通货膨胀率更高。远足速度减慢通货膨胀会影响经济。穆迪（Moody's）的顶级经济学家马克·赞迪（Mark Zandi）表示：

“Remember my #1 recession watch indicator is that if confidence falls by 20 points over 3 months, consumers stop spending and recession ensues about 6 months later. This indicator isn’t flashing recession red, but it is flashing a bright yellow.”

“请记住，我的＃1衰退手表指标是，如果置信度在3个月内下降了20分，消费者停止支出和衰退大约6个月后。该指标没有闪烁经济衰退红色，但它会闪烁着鲜黄色的味道。”

A recession would be a good thing for Bitcoin and altcoins like Stellar, Pi Network, XRP, and Dogecoin. In most cases, a recession leads to low inflation and Federal Reserve cuts, which then boosts altcoin prices.

衰退对于比特币和替代币等恒星，PI Network，XRP和Dogecoin来说是一件好事。在大多数情况下，经济衰退会导致通货膨胀率低和美联储的削减，从而提高了山寨币的价格。