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.

由于担心重新提升贸易战争，减缓美国经济指标，以及美国总统唐纳德·特朗普与亿万富翁埃隆·马斯克（Elon Musk）之间的酿造争执，这是一家公开交易的公司，因此主要的加密货币在周四下降了。

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.

根据加密市场数据提供商Coingecko的数据，过去24小时内比特币下跌了近4％，最近交易约100,825美元。市场资本化最大的加密货币最终违反了一个月前的101,000美元水平，在过去的两周中，现在已经下降了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."

比特布尔资本首席执行官乔·迪帕斯奎尔（Joe Dipasquale）在解密的电子邮件中说：“今天的加密市场正在以更广泛的风险基调撤回。” “尽管Circle首次亮相，您可能会期望提出情绪，但投资者似乎更加专注于粘性的宏观逆风 - 贸易紧张局势，减缓工作数据和ISM柔软度都在风险食欲上。”

"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补充说：“从技术上讲，BTC仍处于健康范围内，但是随着流动性的流动，SOL和XRP等山寨币表现出更大的波动性。” “总的来说，情绪感觉谨慎，没有惊慌，更像是消化，而不是恐惧。”

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.

由于投资者对多种宏观经济的不确定性进行了思考，包括特朗普和马斯克之间曾经过度的关系的磨损，他们对特朗普的2024年2024年总统大选，这是对曾经过度的关系的磨损，包括投资者对多种宏观经济的不确定性进行了思考。

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.

周三，特朗普履行了最近的承诺，即使就业和生产力阅读材料表明经济处于下降，并且在乌克兰战争和中东地区的紧张局势加剧。

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.

马斯克人的最爱Dogecoin最近从周三同时损失了将近9.3％的人，这是自5月7日以来的最低水平。马斯克最近几天严厉批评了特朗普的预算提案，促使总统周四威胁要取消企业家的政府合同。马斯克过去的活动和话语经常派出马诺伊。

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区块链和XRP的标记最近分别下降了7.7％和5.6％，在近一个月内达到了最低水平。

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.

股票在负面的领土上关闭，纳斯达克高科技和标准普尔500指数都超过半百万，尽管支付服务提供商和Stablecoin发行人Circle在其在公共舞台上的开放中引起了极大的兴趣，以至于纽约证券交易所在一个小时内停止了三次交易。 Circle的股价以83.23美元的价格完成，超过了31美元的IPO价格。

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

Bitbull的Dipasquale“期望在短期内继续前进的条件”。

"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."

他写道：“直到对美国贸易政策或主要的催化剂（例如降低税率或新鲜的ETF流入）更加清晰，Crypto可能仍然存在范围。”

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

他写道：“任何跌入10万美元的下跌都可能会找到买家。” “但是对于Alts来说，随着投资者保持选择性，预计持续轮换和不均匀的表现。”