当美国总统唐纳德·特朗普（Donald Trump）掌权时，全球虚拟资产市场逐渐缩小

当美国总统唐纳德·特朗普（Donald Trump）声称自己是“加密货币总统”时，全球虚拟资产市场掌权。

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

美国总统唐纳德·特朗普（Donald Trump）声称自己是“加密货币总统”，上任和全球虚拟资产市场缩水。

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.

在特朗普就职典礼后，比特币立即下降，因为它达到了历史最高水平，而Altcoin Market下降了更大的下降。特朗普本人浮出水面也引起了关于模因硬币的争议。但是，美元链接的稳定蛋白扩大了他们在市场上的影响。

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，特朗普总统就职典礼时，全球虚拟资产的市值达到了3.53万亿美元。但是，在本月28日，就在其就职典礼的第100天之前，它蒸发了14.20％至3.287万亿美元。

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.

虚拟货币领导者比特币（Bitcoin）达到了历史最高水平，从1月19日的102,500美元到特朗普就职之前的每天109,191美元。但是，上班后不久，它降至了100,600美元，并且有一段时间在90,000美元的早期范围内波动。

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

在备受期待的白宫加密峰会上，美国政府表示不会购买其他比特币。

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.

比特币在美国联邦政府级别上的额外股票期望额外的股票上涨至95,000美元。从那以后，当特朗普总统提高关税压力时，它已经降至76,873美元，其高峰价格下跌了27％。最近，它继续向侧面移动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的下降比比特币大。与特朗普总统就职日（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分别下降了23％和49％。在同一时期，比特币仅下降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.

特别是，在模因硬币市场中，特朗普总统作为争议，加剧市场困惑的政党。就在他上任之前，他推出了官方的模因硬币“官方特朗普”。它在两天内飙升至44美元，但在大约10天内飙升至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.

特朗普总统说，他将在24日邀请220名特朗普持有者参加白宫午餐会，这引起了争议，这对市场干预的争议毫不畏惧。宣布这一消息后，特朗普官方的价格在一天之内飙升了近60％，但很快就恢复了增长，并沉入了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，随着风险厌恶情绪的加强，诸如Tether（USDT）和Circle（USDC）之类的Stablecoin已将其市值从特朗普就职日的1317亿美元增长到2419亿美元。在美国政府一级，它还澄清了其放松管制立场并增强了基于美元的稳定稳定性。这是因为发行人主要使用美国政府债券作为抵押品，这对美国政府也很有用。

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."

预计波动性将继续进行，直到特朗普政府的政策指导实现为止。 NH Investment＆Securities的高级研究员Hong Sung-Wook解释说：“自特朗普总统由于市场期望很高以来，虚拟资产市场就下降了。”

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，研究人员Hong说：“比特币相对牢固，显然显示与其他山寨币有所不同。”补充说：“尽管美国政府尚未直接购买比特币，但州一级也有动作，持有人基地正在扩大。”他补充说：“例如，德克萨斯州的国内生产总值（GDP）比韩国的GDP大，在那里，关于比特币库存的讨论很活跃。”