Crypto traders booked some profit on Thursday as traders took profit on a relief rally earlier in the week, largely triggered by a pause in the U.S.-China trade war and ahead of personal consumption expenditure (PCE) figures.

加密货币交易员周四预订了一些利润，因为交易者在本周早些时候获得了救济集会上的利润，这在很大程度上是由于美国 - 中国贸易战争的停顿而引发的，并且在个人消费支出（PCE）数字之前。

Dogecoin (DOGE) sank the most among major tokens, sliding 7% in early Asian hours. The broader crypto market capitalization also slid, with the broad-based CoinDesk 20 (CD20) down 4.5%. Toncoin’s TON was the only token in the top-20 by market capitalization in the green with a 5% rise in the past 24 hours.

Dogecoin（Doge）在主要代币中最多，在亚洲早期下滑7％。更广泛的加密市值也滑行，基于广泛的Coindesk 20（CD20）下跌了4.5％。 Toncoin's Ton是前20名中唯一的绿色市值，在过去24小时内增长了5％。

The world’s no. 1 cryptocurrency bitcoin (BTC) slipped below the $90,000 level after gaining more than 10% earlier in the week as traders took profit. The token slid 4.7% in the past 24 hours to hit $89,044 by 5:30 p.m. Hong Kong time.

世界没有。 1个加密货币比特币（BTC）在本周早些时候上涨10％以上后，由于贸易商获利，在$ 90,000的水平上下滑。在过去的24小时内，令牌滑行了4.7％，在香港时间下午5:30，达到89,044美元。

Ether (ETH) and xrp (XRP) slid more than 5%. Both tokens saw triple-digit percentage gains earlier in the week.

Ether（ETH）和XRP（XRP）滑行超过5％。这两个令牌在本周早些时候都看到了三位数的百分比增长。

Gold futures surged to fresh highs on Friday with a jump above $3,109 in Asian morning hours, continuing a stellar rise since early March.

黄金期货周五在亚洲早晨的3,109美元高于3,109美元的高潮，自3月初以来持续出现出色的增长。

The MSCI World Index had its longest losing streak in a month, while a regional gauge of Asian equities was poised for its biggest drop since Feb. 28.

MSCI世界指数在一个月内取得了最长的连胜纪录，而自2月28日以来，亚洲股票的区域规模最大。

Over $12.2 billion worth of bitcoin (BTC) options will expire with max pain at $85,000 later Friday.

周五晚些时候，超过122亿美元的比特币（BTC）期权将以85,000美元的价格到期。

“Spot is trading sideways and OI continues to bleed lower, signalling a broad lack of near-term optimism in the market,” traders at Singapore-based QCP Capital said in a Telegram broadcast. “With the PCE Index data due tomorrow, we believe any short-term upside remains capped as markets wait for clarity from Trump's next move in this escalating trade war.”

总部位于新加坡的QCP Capital的交易员在电报广播中说：“现货正在侧面交易，OI继续流血较低，这表明市场上缺乏近期的乐观情绪。” “随着明天的PCE指数数据到期，我们认为，随着市场等待特朗普在这场不断升级的贸易战中的下一步行动，任何短期上涨仍然封锁。”

The PCE index captures inflation (or deflation) across a wide range of consumer expenses and reflects changes in consumer behavior.

PCE索引捕获了各种消费者支出的通货膨胀（或放气），并反映了消费者行为的变化。

Released monthly, the PCE is said to influence Fed interest rate decisions. High PCE readings signal rising inflation, potentially prompting rate hikes to cool the economy, which can reduce risk appetite and pressure bitcoin prices downward as investors favor safer assets.

据说每月发布的PCE会影响美联储的利率决策。高PCE的读数信号信号在通货膨胀率上升，可能会促使速率加快经济降温，这可以降低风险食欲和压力比特币的价格，因为投资者赞成更安全的资产。

Conversely, low PCE data suggests tame inflation, possibly leading to rate cuts or steady policy, boosting liquidity and supporting Bitcoin’s price as a speculative asset or inflation hedge.

相反，低PCE数据表明，驯服的通货膨胀可能导致削减速度或稳定的政策，提高流动性并支持比特币的价格作为投机资产或通货膨胀对冲。

The next release is on March 28 and could sway market sentiment, with bitcoin’s reaction tied to how the data shapes Fed expectations — volatility often follows as traders adjust positions.

下一个版本是3月28日，可能会影响市场的情绪，比特币的反应与数据形状如何满足期望的方式相关联 - 随着交易者调整职位，波动率通常遵循。

Markets have been heavy since Thursday as President Donald Trump warned of deeper tariffs on Canada and the European Union in case the two collude and policies impact U.S. economic activity. In turn, Prime Minister Mark Carney of Canada said late Thursday the country would move rapidly to trade more with other countries as the U.S. was “no longer a reliable partner.”

自周四以来，唐纳德·特朗普（Donald Trump）总统警告加拿大和欧盟的更深关税，以防两种伙伴关系和政策影响美国的经济活动，市场就一直很沉重。反过来，加拿大总理马克·卡尼（Mark Carney）周四下午表示，该国将迅速与其他国家进行交易，因为美国不再是可靠的伙伴。”

“The global market is highly sensitive to monetary policies set by major economies, particularly the United States,” Innokenty Isers, Chief Executive Officer at Paybis, told CoinDesk in a Telegram message. “With its relatively higher volatility, risk-averse investors may favor alternative inflation hedges instead of Bitcoin.”

佩比斯（Paybis）首席执行官Insokenty Isers在一份电报信息中告诉Coindesk：“全球市场对主要经济体，特别是美国制定的货币政策非常敏感。” “随着其相对较高的波动性，规避风险的投资者可能会赞成替代通货膨胀对冲而不是比特币。”

“Considering the longer stretch of the trade war and the potential inflation that will emerge, capital allocation to BTC as a hedge against economic instability might be reduced,” Isers warned.

艾斯斯警告说：“考虑到贸易战的较长范围以及将会出现的潜在通货膨胀，将资本分配给BTC作为对冲经济不稳定的对冲。”