行业分析

2025年第四季度，数字资产市场整体呈现显著回调态势。截至2026年1月31日，加密资产总市值较2025年三季度末下跌约27.1%至2.93万亿美元。比特币收盘价为8.41万美元，跌幅约26.4%；以太币回落至约2702美元，跌幅约35.9%。市场调整主要受流动性预期变化、美国关键监管立法进程延迟、以及市场内部结构分化与情绪转向谨慎等因素影响。

Global foreign direct investment (FDI) flows rose by 14% in 2025, reaching an estimated $1.6 trillion (figure 1). An increase in flows of more than $140 billion through several global financial centers played an important part.