比特币（BTC）徘徊在范围内，尽管经济数据，但仍有1％的收益。

在过去的一周中，比特币（BTC）徘徊在范围内，张贴大约1％。尽管有这么轻微的增长，但世界上最大的加密货币一直在努力超越95,00美元的关键阻力水平，因为交易员似乎准备以该门槛出售，获得利润并保持BTC上限。

Bitcoin (BTC) price has hovered in a tight range over the past week, posting a modest gain of around 1% despite struggling to push past the key resistance at $95,000.

在过去的一周中，比特币（BTC）的价格徘徊在范围很高，尽管努力将关键阻力推向95,000美元，但张贴大约1％的幅度约为1％。

Bitcoin price rose by 14% during April as it appears to be successfully decoupling from the S&P 500. Source: Brave New Coin Bitcoin Liquid Index.

在4月份，比特币价格上涨了14％，因为它似乎已成功地与标准普尔500指数分离。资料来源：勇敢的新硬币比特币液体指数。

The world’s largest cryptocurrency is now trading at around $94,000, a level it has hit several times in recent weeks before bouncing lower.

现在，全球最大的加密货币的交易价格约为94,000美元，这一水平在最近几周降低了几周。

At the same time, major U.S. stock indices sold off sharply following the release of disappointing economic data.

同时，在发布令人失望的经济数据后，美国主要的股票指数急剧出售。

Specifically, Gross Domestic Product (GDP) fell by 0.3% in the first quarter of 2025 — the first negative quarter since Q1 2022. The seasonally adjusted, inflation-accounted figure marked a sharp reversal from the 2.4% growth seen in Q4 2024 and missed Dow Jones estimates, which had predicted 0.4% growth.

具体而言，国内生产总值（GDP）在2025年的第一季度下降了0.3％，这是自2022年第1季度以来的第一个负季度。经过季节性调整，通货膨胀率成绩的数字标志着与第四季度2024年第四季度增长的2.4％和遗失Dow Jones估计的2.4％的增长急剧逆转，该估计预测了0.4％。

A major contributor to the contraction appears to be a surge in imports, as companies and consumers rushed to buy goods ahead of the Trump administration’s tariffs.

由于公司和消费者在特朗普政府的关税之前急于购买商品，因此收缩收缩的主要贡献似乎是进口的激增。

President Trump, responding to concerns about potential product shortages, downplayed the impact: “Maybe the children will have two dolls instead of 20, and maybe the two dolls will cost a couple of bucks more than they would normally,” he said in a White House cabinet meeting.

特朗普总统对潜在产品短缺的担忧做出了淡化的影响：“也许孩子们将有两个洋娃娃而不是20个娃娃，也许这两个娃娃的花费比往常的花费要高出几美元，”他在白宫内阁会议上说。

Furthermore, the ADP jobs report for April showed the creation of only 62,000 jobs, significantly below the expected 108,000 and well below March’s 147,000. It was the weakest jobs print since July 2024.

此外，4月份的ADP职位报告显示，创造了62,000个工作岗位，显着低于预期的108,000，远低于3月的147,000。这是自2024年7月以来最弱的工作。

These releases triggered a selloff in major U.S. stock indices, which appeared to drag down crypto markets, including Ethereum (ETH) and XRP (XRP), but had a far lesser impact than it has previously.

这些发布引发了美国主要股票指数的抛售，这些股票指数似乎拖延了包括以太坊（ETH）和XRP（XRP）在内的加密货币市场，但影响远低于以前。

However, despite the short-term pressure, BTC’s performance relative to equities has shown a notable divergence.

然而，尽管有短期压力，但BTC相对于股票的表现表现出显着的分歧。

Bitcoin Decouples from Wall Street: A Return to Its Roots?

比特币与华尔街的脱离：返回其根源？

According to on-chain analytics from The Block, Bitcoin’s correlation with U.S. stocks has dropped to 0.3, its lowest since early 2023.

根据该区块的链分析，比特币与美国股票的相关性下降到0.3，自2023年初以来最低。

This decoupling suggests that BTC may be regaining its identity as a non-correlated, alternative asset — a role it was originally envisioned to fulfill.

这种解耦表明，BTC可能正在重新获得其身份作为无关的，替代性的资产，这是最初设想的作用。

Designed as a decentralized payment network, Bitcoin operates independently of centralized intermediaries and government monetary policy. With its hard-coded supply limit and transparent issuance schedule, it stands in stark contrast to the debt-driven U.S. fiscal system.

比特币设计为分散的支付网络，独立于集中的中介机构和政府货币政策。凭借其硬编码的供应限制和透明的发行时间表，它与债务驱动的美国财政体系形成鲜明对比。

For many investors, Bitcoin offers a hedge against the instability of traditional finance.

对于许多投资者来说，比特币为传统金融的不稳定提供了对冲。

In light of this, Bitcoin bulls are likely to remain optimistic. While macroeconomic pressures persist, BTC’s ability to maintain stability amid broader volatility could further strengthen its narrative as a long-term, resilient asset.

鉴于此，比特币公牛可能会保持乐观。尽管宏观经济压力持续存在，但BTC在更广泛的波动性中保持稳定性的能力可以进一步增强其作为长期，弹性的资产的叙述。