Major cryptocurrencies declined on Thursday as worries about the re-escalating trade war, slowing U.S. economic indicators, and a brewing feud between U.S. President Donald Trump and billionaire Elon Musk trumped euphoria over Circle's smash debut as a publicly traded company.

由於擔心重新提升貿易戰爭，減緩美國經濟指標，以及美國總統唐納德·特朗普與億萬富翁埃隆·馬斯克（Elon Musk）之間的釀造爭執，這是一家公開交易的公司，因此主要的加密貨幣在周四下降了。

Bitcoin fell nearly 4% during the past 24 hours, recently trading at about $100,825, according to crypto market data provider CoinGecko. The largest cryptocurrency by market capitalization had last breached the $101,000 level nearly a month ago, and it has now fallen more than 9% over the past two weeks.

根據加密市場數據提供商Coingecko的數據，過去24小時內比特幣下跌了近4％，最近交易約100,825美元。市場資本化最大的加密貨幣最終違反了一個月前的101,000美元水平，在過去的兩周中，現在已經下降了9％以上。

"Crypto markets are pulling back today alongside a broader risk-off tone," BitBull Capital CEO Joe DiPasquale said in an email to Decrypt. "Despite Circle’s debut, which you might expect to lift sentiment, investors seem more focused on sticky macro headwinds—the trade tensions, slowing jobs data, and ISM softness all weigh on risk appetite."

比特布爾資本首席執行官喬·迪帕斯奎爾（Joe Dipasquale）在解密的電子郵件中說：“今天的加密市場正在以更廣泛的風險基調撤回。” “儘管Circle首次亮相，您可能會期望提出情緒，但投資者似乎更加專注於粘性的宏觀逆風 - 貿易緊張局勢，減緩工作數據和ISM柔軟度都在風險食慾上。”

"BTC is still in a healthy range, technically, but altcoins like SOL and XRP are showing more volatility as liquidity thins out," DiPasquale added. "Overall, sentiment feels cautious, not panicked—more like digestion than fear."

Dipasquale補充說：“從技術上講，BTC仍處於健康範圍內，但是隨著流動性的流動，SOL和XRP等山寨幣表現出更大的波動性。” “總的來說，情緒感覺謹慎，沒有驚慌，更像是消化，而不是恐懼。”

The cryptocurrency market had recently seen some sluggish trading activity as investors mulled over multiple macroeconomic uncertainties, including the fraying of the once-cozy relationship between Trump and Musk, who had pumped about $280 million into Trump's 2024 presidential campaign.

由於投資者對多種宏觀經濟的不確定性進行了思考，包括特朗普和馬斯克之間曾經過度的關係的磨損，他們對特朗普的2024年2024年總統大選，這是對曾經過度的關係的磨損，包括投資者對多種宏觀經濟的不確定性進行了思考。

On Wednesday, Trump fulfilled a recent promise to raise tariffs on steel and aluminum, even as employment and productivity readings suggested that the economy was headed downward, and tensions rose in the Ukraine war and Middle East.

週三，特朗普履行了最近的承諾，即使就業和生產力閱讀材料表明經濟處於下降，並且在烏克蘭戰爭和中東地區的緊張局勢加劇。

Dogecoin, a Musk favorite, recently lost nearly 9.3% from Wednesday at the same time, hitting its lowest level since May 7. Musk had harshly criticized Trump's budget proposal in recent days, prompting the president on Thursday to threaten to cancel the entrepreneur's government contracts. Musk's past activities and utterances had frequently sent DOGE gyrating.

馬斯克人的最愛Dogecoin最近從周三同時損失了將近9.3％的人，這是自5月7日以來的最低水平。馬斯克最近幾天嚴厲批評了特朗普的預算提案，促使總統週四威脅要取消企業家的政府合同。馬斯克過去的活動和話語經常派出馬諾伊。

The token of the Solana blockchain and XRP recently fell 7.7% and 5.6%, respectively, hitting their lowest levels in almost a month.

Solana區塊鍊和XRP的標記最近分別下降了7.7％和5.6％，在近一個月內達到了最低水平。

Stocks closed in negative territory, with the tech-heavy Nasdaq and S&P 500 both off more than a half-percentage point—although payment services provider and stablecoin issuer Circle drew so much interest in its opening on the public stage that the NYSE halted trading three times in an hour. Circle's share price finished the day at $83.23, massively surpassing its $31 IPO price.

股票在負面的領土上關閉，納斯達克高科技和標準普爾500指數都超過半百萬，儘管支付服務提供商和Stablecoin發行人Circle在其在公共舞台上的開放中引起了極大的興趣，以至於紐約證券交易所在一個小時內停止了三次交易。 Circle的股價以83.23美元的價格完成，超過了31美元的IPO價格。

BitBull's DiPasquale "expects choppy conditions to continue in the near-term."

Bitbull的Dipasquale“期望在短期內繼續前進的條件”。

"Until there's more clarity on U.S. trade policy or a major catalyst—like a rate cut or fresh ETF inflows—crypto may remain range-bound," he wrote, although he noted optimistically that Bitcoin's long-term prospects remain "relatively strong."

他寫道：“直到對美國貿易政策或主要的催化劑（例如降低稅率或新鮮的ETF流入）更加清晰，Crypto可能仍然存在範圍。”

"Any dips toward $100K are likely to find buyers," he wrote. "But for alts, expect continued rotation and uneven performance as investors stay selective."

他寫道：“任何跌入10萬美元的下跌都可能會找到買家。” “但是對於Alts來說，隨著投資者保持選擇性，預計持續輪換和不均勻的表現。”