当市场与特朗普的关税竞争时，比特币（BTC）略有下降

在过去的24小时内，加密货币略有下降，广阔的市场Coindesk 20（CD20）指数下降了1.4％。比特币（BTC）几乎没有改变

Cryptocurrencies fell slightly in the past 24 hours, with the broad market CoinDesk 20 (CD20) index dropping 1.4%. Bitcoin (BTC) is little changed around $95,000. These figures are well within recently volatility ranges and come on the back of a strong monthly performance — BTC is on track to rise 15% in April, the most since November.

在过去的24小时内，加密货币略有下降，广阔的市场Coindesk 20（CD20）指数下降了1.4％。比特币（BTC）几乎没有变化左右$ 95,000。这些数字在最近的波动率范围之内，并且在每月强劲的表现之后 - BTC在4月份有望增长15％，这是11月以来最多的。

The market has been grappling with growing pessimism surrounding the potential impact of President Donald Trump’s reciprocal tariffs on nearly every country and optimism that the Federal Reserve will cut interest rates earlier than expected.

该市场一直在努力应对围绕唐纳德·特朗普总统对几乎每个国家的互惠关税的潜在影响的越来越悲观，并乐观美联储将比预期的要早降低利率。

Stock prices have rallied over the past week on expectations Trump would lower the tariffs and the continuation of interest-rate cuts, according to Spanish bank Bankinter.

据西班牙银行银行（Spanish Bankinter）称，在过去一周中，股价在过去一周内汇总了特朗普将降低关税和降低利率降低的预期。

“Yet the perspective could turn for the worse from today, applying the logic of the data, because — regardless of tariffs and rate cuts — part of the damage has already been done, chiefly to confidence, which is the market’s foundation,” the bank wrote in a note.

该银行在一份票据中写道：“然而，从今天开始，观点可能会变得更糟，应用数据的逻辑，因为 - 不管关税和削减税率，一部分损害已经造成了部分损失，主要是信心，这是市场的基础。”

Indeed, various major companies, including P&G, UPS, PepsiCo, American Airlines and GM, have lowered or pulled their earnings forecasts. Bankinter pointed out that French first-quarter GDP data released today showed a quarter-on-quarter increase that was entirely inventory-driven, while consumption, investment, and exports are weakening.

的确，包括宝洁，UPS，百事可乐，美国航空和通用汽车在内的各种主要公司都降低或降低了其收入预测。 Bankinter指出，法国第一季度GDP今天发布的数据显示，四分之一的增长是完全由库存驱动的，而消费，投资和出口却在削弱。

That bodes poorly for the U.S. figure, set to be released at 8:30 a.m. Some market observers, including Bankinter, suggest it could contract sharply. Bitcoin’s rise so far this year, contrasting with the stock market’s worst 100 days of a presidential administration since 1974, could be further evidence the cryptocurrency is starting to be used as a hedge.

对于美国的数字来说，这是一个很差的，即将在上午8:30发布一些市场观察员，包括Bankinter，表明它可以急剧收缩。比特币今年到目前为止的崛起与股市自1974年以来最糟糕的100天最糟糕的100天相反，可以进一步证明加密货币开始用作树篱。

As mentioned earlier in the week, Greg Cipolaro, the global head of research at NYDIG, wrote in a note that BTC has been acting “more like the non-sovereign issued store of value that it is.”

如本周早些时候所述，NYDIG的全球研究负责人格雷格·奇普拉罗（Greg Cipolaro）在一份注释中写道，BTC一直在行动“更像是“非难得者”的价值存储。”

Bitcoin has decoupled from U.S. equities after the trade war between the U.S. and China escalated and has been seeing bets on it rise. This month, spot bitcoin ETFs posted monthly total net inflows of little over $3 billion according to SoSoValue data, further pointing to a flight to the cryptocurrency space amid the uncertainty. Stay alert!

在美国和中国之间的贸易战争之后，比特币与美国股票脱口而出，并看到赌注上升。本月，根据SosoLaue数据，现货比特币ETF每月发布的总净流入量超过30亿美元，进一步指出，由于不确定性而飞往加密货币空间。保持警觉！

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