加密市场在特朗普政府的前100天退缩

即使唐纳德·特朗普（Donald Trump）执行积极的政策，包括对加密储备的支持行动，比特币（BTC）和大多数山寨币都下降了。

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

尽管政府政策积极和股市蓬勃发展，唐纳德·特朗普（Donald Trump）政府的前100天的加密价格下降。

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.

政府的行动包括关闭对诸如UNISWAP（UNI），Coinbase和Ripple Labs等著名公司的证券交易委员会的诉讼，以及宣布支持加密储备金以减轻通货膨胀的支持。

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，宏观因素发挥了更大的作用，特朗普重创了针对加拿大，墨西哥和中国的贸易战争，自从他的政府开始以来，加密货币市值下降了14.7％。

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

以下是定义特朗普总统前100天的前5个加密图表：

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.

加密货币市值崩溃的崩溃14.7％，以下第一批图表强调，与股票市场相比，更广泛的加密货币市场表现较差。

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.

所有加密货币的总市值下降了14.7％，而标准普尔500指数和纳斯达克100分别下降了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.

考虑到特朗普竞选美国历史上“最亲密的总统”，他的政府政策在很大程度上支持了加密货币行业，这一表现值得注意。

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

从积极的角度来看，加密货币市值略有恢复，从本月初的2.39万亿美元增加到2.29万亿美元。

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

由视觉资本家创建的上图展示了加密货币市场的趋势。

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.

政府的行动包括关闭对诸如UNISWAP（UNI），Coinbase和Ripple Labs等著名公司的证券交易委员会的诉讼，以及宣布支持加密储备金以减轻通货膨胀的支持。

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

尽管采取了这些积极的举动，但加密货币市场仍在努力挣扎，将低迷归因于宏观因素。

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

政府在一月份就职典礼后，决定对加拿大，墨西哥和中国进行贸易战的决定产生了重大影响。

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

此外，政府因处理冠状病毒大流行而面临批评，这也导致了经济衰退。

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，在此期间，股市也遭受了损失。

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%.

标准普尔500指数和纳斯达克100分别下降了6.9％和7.9％，而道琼斯工业平均水平上升了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，加密货币市场崩溃了更多，在过去的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.

政府的行动混合在一起，其中一些表现出对加密货币的支持，而另一些则不太有利。

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月宣布对Stablecoins和BTC（BTC）的支持，此前有消息称美元储备可能会达到创纪录的低点。

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，政府决定关闭SEC诉讼的决定，该诉讼以Uniswap，Coinbase和Ripple Labs等公司为目标，可以看作是通过专注于更大的问题来挽救挣扎经济的一种尝试。

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.

政府的行动将继续受到关注，因为它们可能会对美国加密行业的未来产生重大影响

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

政府的任期始于模因硬币激增，从而导致一月份的分散交流表现出色。

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.

当唐纳德（Donald）和梅拉尼亚·特朗普（Melania Trump）在就职典礼前推出了自己的代币时，我们在分散的交流中看到了最初的集会，后来旋转了模因硬币炒作，尤其是在BNB Chain和Huobi等连锁店。

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的数据显示，1月的DEX量达到5640亿美元的高峰，随着Meme Coin Hopsiasmed逐渐消失，3月和4月的降至3820亿美元，三月和4月的2480亿美元。

Stablecoins have continued to grow under Trump’s administration.

在特朗普政府的领导下，稳定币继续增长。

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

根据TokeninSight的说法，由Tether，USD Coin，Dai，Sky Dollar和Athena领导的Stablecoin市值总额已上升到超过2400亿美元。自特朗普上任以来，Stablecoins增加了400亿美元的总市值。RWA增长加速

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.

同时，对现实世界资产令牌化的需求已增长到创纪录的高度。所有RWA代币的市场价值跃升至超过11.7亿美元，高于特朗普上任时的79.2亿美元。 RWA行业最大的参与者是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语的崩溃，这是该行业中最大的链条之一。

Bitcoin ETFs had net inflows of $3.73 billion

比特币ETF的净流入为37.3亿美元

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

最后，最后一个图表突出了比特币（BTC）和以太坊（ETH）ETF的价格动作。

Spot Bitcoin ETFs have recorded $3.

现货比特币ETF的记录为3美元。