Fear of a looming recession, coupled with escalating trade tensions between the U.S. and Canada, triggered Bitcoin price drops and altcoin sell-offs on Sunday night.

擔心迫在眉睫的經濟衰退，再加上美國和加拿大之間的貿易緊張局勢，週日晚上引發了比特幣價格下跌和替代幣的拋售。

The Atlanta Federal Reserve’s GDPNow model has revised its forecast for the first quarter of 2025, predicting a GDP contraction of 2.4%. This downward revision, which follows weaker-than-expected consumer spending and a widening trade deficit, has heightened concerns about a potential recession.

亞特蘭大聯邦儲備的GDPNOW模型已修訂了其2025年第一季度的預測，預計GDP收縮為2.4％。這種下行修訂遵循超出預期的消費者支出和貿易赤字的擴大，對潛在衰退的擔憂加劇了。

However, President Donald Trump remained optimistic about the economy in an interview with Fox News’ Sunday Morning Futures.

但是，唐納德·特朗普總統在接受《福克斯新聞周日早晨未來》採訪時對經濟保持樂觀。

“I hate predicting things like that, but I think our economy is going to be incredible,” Trump said.

特朗普說：“我討厭預測這樣的事情，但我認為我們的經濟將是不可思議的。”

The president’s comments come as the U.S. faces a crucial juncture in its trade negotiations with Canada, which have been a major source of market volatility this year.

總統的評論是因為美國在與加拿大的貿易談判中面臨關鍵時刻，這是今年市場波動的主要來源。

Trump’s tariffs on imports from countries like Canada, Mexico, and China are part of his broader strategy to bring wealth back to America, a transition he says will take time.

特朗普對加拿大，墨西哥和中國等國家進口的關稅是他將財富帶回美國的更廣泛戰略的一部分，他說這將需要時間。

“We’re making great progress. We have the best numbers in the history of our country, but they didn’t get that way quickly. It's taken a long time to get that way, and they're not going to go bad quickly, I can tell you that,” Trump added.

“我們取得了長足的進步。我們在我們國家歷史上擁有最好的數字，但是它們並沒有很快。要花很長時間才花了很長時間，而且他們不會很快變質，我可以告訴你。”特朗普補充說。

The U.S. president defended his approach, stating that it’s the only way to achieve his economic goals.

美國總統為他的做法辯護，並指出這是實現其經濟目標的唯一途徑。

“If you want to do it the easy way, you can do it the way the other presidents did it, where they lose trillions of dollars and they close up the country and they become very unpopular.”

“如果您想以簡單的方式做到這一點，就可以像其他總統那樣做到這一點，他們損失了數万億美元，他們關閉了整個國家，他們變得非常不受歡迎。”

Also on Sunday, Mark Carney won the Liberal Party leadership election, replacing Justin Trudeau as Canada’s prime minister.

同樣在周日，馬克·卡尼（Mark Carney）贏得了自由黨的領導選舉，取代了賈斯汀·特魯多（Justin Trudeau）擔任加拿大總理。

The new prime minister-elect went off on Trump in his first speech. He said that Trump won’t succeed in his trade war with Canada.

新任總理當選在他的第一次演講中脫穎而出。他說，特朗普不會在與加拿大的貿易戰中取得成功。

“America is not Canada. And Canada never, ever, will be part of America in any way, shape or form,” Carney said.

“美國不是加拿大。加拿大永遠不會以任何方式，形狀或形式成為美國的一部分。”卡尼說。

Trump has repeatedly referred to Trudeau as the “Governor” of Canada, suggesting that Canada would be better off as the 51st U.S. state.

特朗普一再將特魯多稱為加拿大的“州長”，這表明加拿大作為美國第51個州會更好。

“My government will keep our tariffs on until the Americans show us respect,” he said. Canada has imposed 25% tariffs on U.S. consumer goods in retaliation to Trump’s tariffs.

他說：“我的政府將保持關稅，直到美國人向我們表示尊重為止。”加拿大對美國消費品對特朗普的關稅徵收25％的關稅。

Bitcoin fell below $81,000 following Carney’s victory, according to CoinGecko data. At press time, BTC recovered slightly above $82,000, down 4% in the last 24 hours.

根據Coingecko Data的數據，在Carney取得勝利後，比特幣在81,000美元以下。發稿時，BTC恢復了略高於82,000美元，在過去24小時內下跌了4％。

Ether and XRP each shed more than 6%, while Dogecoin dropped over 10%.

Ether和XRP分別降低了6％以上，而Dogecoin下降了10％以上。

Other top coins like BNB, Solana, Cardano, and TRON also saw significant losses, while lower-cap tokens such as Injective, Maker, and Render experienced double-digit drops.

BNB，Solana，Cardano和Tron等其他頂級硬幣也看到了巨大的損失，而諸如Injective，Maker和渲染的較低帽子代幣經歷了兩位數的滴滴。

The total crypto market capitalization decreased 6% to $2.8 trillion within a day. Leveraged liquidations reached $600 million, with approximately $530 million in long positions eliminated, according to Coinglass data.

加密貨幣市值在一天內下降了6％，至2.8萬億美元。根據Coinglass數據，槓桿清算量達到6億美元，長位置約為5.3億美元。

This deepens the market turmoil that arose after Trump’s Thursday executive order establishing a Strategic Bitcoin Reserve sparked selling pressure due to limited details about funding.

這加深了特朗普週四執行命令後建立戰略比特幣儲備金後產生的市場動盪，這引起了銷售壓力，因為有關資金的細節有限。

The order mandates the purchase of Bitcoin to fill the reserve, with the initial allocation coming from existing U.S.-held Bitcoin.

該訂單要求購買比特幣以填充儲備金，最初的分配來自現有的美國擁有的比特幣。

However, U.S. Treasury Secretary Scott Bessent said Friday that discussions are underway about additional BTC acquisitions and the next steps to be taken.

但是，美國財政部長斯科特·貝森特（Scott Bessent）週五表示，正在討論其他BTC收購和下一步的措施。

Bessent also noted the need to halt the sale of seized Bitcoin, which is currently used to offset the federal deficit.

Bessent還指出，有必要停止出售被扣押的比特幣，該比特幣目前用於抵消聯邦赤字。