儘管美國核心CPI印刷低於預期，但比特幣（BTC）價格下跌

美國最新的核心消費價格指數（CPI）印刷是一種通貨膨脹量的量度，低於預期的3.1％，超過了預期3.2％

The latest core Consumer Price Index (CPI) print came in lower than expected at 3.1%, beating expectations of 3.2%, with a corresponding 0.1% drop in headline inflation figures.

最新的核心消費者價格指數（CPI）的印刷價格低於預期的3.1％，超過了3.2％的預期，標題通貨膨脹數字的相應下降了0.1％。

According to Matt Mena, crypto research strategist at 21Shares, the cooling inflation data adds to the likelihood that the Federal Reserve will cut interest rates this year, injecting much-needed liquidity into the markets and sending risk-on asset prices higher. Mena added:

根據21shares的加密研究策略師Matt Mena的說法，冷卻通貨膨脹數據增加了美聯儲今年降低利率，向市場注入急需的流動性並將風險耗資資產價格提高的可能性更高。梅納補充說：

“The latest CPI figures have come in better than expected, which could put some downward pressure on Bitcoin in the short term. However, the long-term trend for Bitcoin remains bullish, driven by the continuing inflow of liquidity into the markets.”

“最新的CPI數字比預期的要好，這在短期內可能會對比特幣施加一些下降壓力。但是，由比特幣的長期趨勢仍然看漲，這是由於流動性持續流入市場的驅動。”

Despite the better-than-expected inflation numbers, the price of Bitcoin (BTC) declined from over $84,000 at the daily open to now sit around $83,000 as traders grapple with US President Donald Trump’s trade war and macroeconomic uncertainty.

儘管通貨膨脹的數量超過預期，但隨著交易者與美國總統唐納德·特朗普的貿易戰和宏觀經濟的不確定性，比特幣（BTC）的價格從每日開放到現在的每日開放量達到84,000美元以上。

A majority of market participants believe the Federal Reserve will cut interest rates by June 2025. Source: CME Group

大多數市場參與者認為，美聯儲將在2025年6月之前降低利率。​​資料來源：CME集團

Related: Bitcoin’s ‘Trump trade’ is over—Traders shift hope to Fed rate cuts, expanding global liquidity

相關：比特幣的“特朗普貿易”已經結束 - 交易者將希望轉移到削減稅率，擴大全球流動性

Is President Trump crashing markets to force rate cuts?

特朗普總統是否崩潰了市場來降低降低速度？

Federal Reserve Chairman Jerome Powell said on several occasions that the central bank is not rushing to cut interest rates—a view echoed by Federal Reserve Governor Christopher Waller.

美聯儲董事長杰羅姆·鮑威爾（Jerome Powell）多次表示，中央銀行並不急於降低利率，這一視圖由​​美聯儲州長克里斯托弗·沃勒（Christopher Waller）回應。

During a Feb. 17 speech at the University of New South Wales in Syndey, Australia, Waller said the bank should pause interest rate cuts until inflation comes down.

在2月17日在澳大利亞Syndey的新南威爾士大學的演講中，沃勒說，該銀行應暫停降低利率，直到通貨膨脹率降低。

These comments met with concern from market analysts, who say that a lack of rate cuts might trigger a bear market and send asset prices plummeting.

這些評論引起了市場分析師的關注，他們說削減稅率的缺乏可能會引發熊市市場並使資產價格下降。

On March 10, market analyst and investor Anthony Pompliano specutlated that President Trump was intentionally crashing financial markets to force the Federal Reve to lower interest rates.

3月10日，市場分析師兼投資者安東尼·彼得梅諾（Anthony Pompliano）指出，特朗普總統有意崩潰金融市場，以迫使聯邦REVE降低利率。

The U.S. government has approximately $9.2 trillion in debt that will mature in 2025 unless refinanced. Source: The Kobeissi Letter

美國政府的債務約為9.2萬億美元，除非再融資，否則將在2025年成熟。資料來源：Kobeissi信件

According to The Kobeissi Letter, the U.S. government needs to refinance roughly $9.2 trillion in debt before it reaches maturity in 2025.

根據Kobeissi的信，美國政府需要在2025年到期之前再融資9.2萬億美元。

Failure to refinance this debt at lower interest rates will drive up the national debt, which is currently over $36 trillion, and cause the interest payments on the debt to balloon.

如果以較低的利率再融資這筆債務將推動國家債務，該債務目前超過36萬億美元，並導致債務的利息支付給Balloon。

Due to these reasons, President Trump has made interest rate cuts a top priority for his administration—even at the short-term expense of asset markets and businesses.

由於這些原因，特朗普總統將降低利率降低是其政府的重中之重，即使是資產市場和企業的短期支出也是如此。