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Bitcoin (BTC) snapped a five-day winning streak on Thursday, with modest losses of 1.3% over 24 hours as the crypto market’s recent rally cooled off.

比特币（BTC）在周四取得了为期五天的连胜纪录，随着加密货币市场最近的拉力赛降温，在24小时内损失了1.3％。

The world’s biggest digital asset had accelerated to highs of $94,500 at one point, but briefly slipped below $92,000 in the early hours of Thursday morning. At time of publication, Bitcoin’s price sits at $92,349, down 1.2% on the day, according to CoinGecko.

全球最大的数字资产在某一时刻已加速至94,500美元，但在周四凌晨，短暂滑倒了92,000美元。据Coingecko称，在出版时，比特币的价格为92,349美元，当天下降了1.2％。

BTC got off lightly compared with leading altcoins, with both XRP and Dogecoin slipping by 5.5% at time of publication. Both cryptocurrencies are up on the week, however, by 2.5% and 10.8% respectively.

BTC与领先的Altcoins相比轻易失效，XRP和Dogecoin在出版时均下滑了5.5％。但是，这两种加密货币在本周上都增加了2.5％和10.8％。

Trade war concerns linger

贸易战争持续

The halt to the crypto market’s upward momentum comes amid continued uncertainty about Donald Trump’s tariffs, and doubts that an escalating trade war between the U.S. and China will end soon.

在唐纳德·特朗普（Donald Trump）的关税持续不确定性的情况下，加密货币市场上升的势头暂停，并怀疑美国和中国之间的贸易战不久是否会很快结束。

Officials in Beijing have confirmed no negotiations are currently taking place, but Treasury Secretary Scott Bessent has admitted the situation is not “sustainable.”

北京的官员已经确认目前没有进行谈判，但是财政部长斯科特·贝森特（Scott Bessent）承认，这种情况不是“可持续的”。

Meanwhile—speaking from the Oval Office on Wednesday—the president warned he may reintroduce “reciprocal” tariffs on several nations in the coming weeks.

同时，周三在椭圆形办公室说话 - 总统警告说，他可能会在未来几周对几个国家重新引入“互惠”关税。

The widespread levies announced on “Liberation Day” sent global stocks into freefall, and at one point, the S&P 500 was on the brink of a bear market.

在“解放日”宣布的广泛税款使全球股票陷入自由落体，在某一时刻，标准普尔500指数正处于熊市的边缘。

A “sell everything” mentality also had a detrimental impact on Bitcoin, which briefly dipped below $75,000 earlier this month.

“出售一切”的心态也对比特币产生了不利影响，比特币本月早些时候短暂降至75,000美元以下。

All of this ongoing economic uncertainty, coupled with Trump’s vocal criticism of Federal Reserve Chair Jerome Powell, appear to have stalled BTC’s bullish momentum.

所有这些持续的经济不确定性，再加上特朗普对美联储主席杰罗姆·鲍威尔（Jerome Powell）的声音批评似乎使BTC的看涨势头停滞不前。

Nevertheless, users of decentralized prediction market Myriad—launched by Decrypt’s parent company DASTAN—put the likelihood of Powell departing the Fed before June at less than 9%.

尽管如此，分散预测市场的用户（由解密的母公司达斯坦（Dastan）启动）投入了鲍威尔（Powell）在6月之前离开美联储的可能性，价格不到9％。

Bright spots

亮点

There have been some bright spots. In a significant development, a new consortium has been established with the specific goal of acquiring Bitcoin.

有一些明亮的斑点。在一个重大的发展中，已经建立了一个新的财团，其特定目标是获取比特币。

The Financial Times reported that Twenty One Capital, which counts SoftBank, Tether and Bitfinex as partners, is set to launch with a 42,000 BTC warchest.

《金融时报》报道说，将软银，系绳和比特菲恩（Bitfinex）视为合作伙伴的二十一首资本将以42,000 BTC Warchest推出。

Meanwhile, exchange-traded funds tracking Bitcoin’s spot price on Wall Street are beginning to attract institutional interest once again.

同时，交易所交易的资金跟踪比特币在华尔街的现货价格开始引起机构的兴趣。

Inflows to Bitcoin ETFs hit $913 million on Tuesday—the highest amount since the middle of January.

比特币ETF的流入在周二达到了9.13亿美元，这是自1月中旬以来的最高金额。

Despite the recent recovery, BTC is still trading at a 15% discount to its all-time high of $109,000, set three months ago.

尽管最近恢复了，但BTC仍以三个月前设定的109,000美元的历史最高额度折扣15％。