比特幣和加密價格崩潰，因為擔心迫在眉睫的美國衰退增長

在股票市場之後，比特幣和加密價格急劇下降，因為擔心比特幣價格可能會席捲大規模崩潰。

The price of bitcoin and other cryptocurrencies moved sharply lower on Wednesday, following trends in the stock market and as the macroeconomic environment continues to weigh on risk appetite.

隨著股票市場的趨勢，隨著宏觀經濟環境的趨勢，比特幣和其他加密貨幣的價格急劇下降。

The bitcoin price fell by 3.2% over the last 24 hours to trade at $79,100 per bitcoin by 04:30 ET (08:30 GMT). The world’s largest cryptocurrency has lost around $1 trillion of value since March 1, in an unrestrained rout that has seen the bitcoin price fall to lows of $70,000.

在過去的24小時內，比特幣價格下跌了3.2％，以每比特幣79,100美元的價格到04:30 ET（GMT 08:30）。自3月1日以來，全球最大的加密貨幣損失了約1萬億美元的價值，在不受約束的潰敗中，比特幣的價格下跌至低點70,000美元。

The latest drop in the bitcoin price came as chief executive of the world’s largest asset manager BlackRock warned that U.S. president Donald Trump’s trade policies will stoke inflation.

比特幣價格的最新下跌是因為全球最大的資產經理貝萊克（Blackrock）警告說，美國總統唐納德·特朗普（Donald Trump）的貿易政策將使通貨膨脹發生通貨膨脹。

The Federal Reserve is expected to begin cutting interest rates through 2025, but economists at Goldman Sachs and Yardeni Research have signaled a possibility of a recession in the next 12 months due to Trump's administration's actions.

預計美聯儲將在2025年開始降低利率，但高盛和Yardeni研究的經濟學家表明，由於特朗普政府的行動，未來12個月可能會衰退。

What Happened

發生了什麼

Chief executive of the world’s largest asset manager BlackRock warned on Wednesday that inflation could make a come back in 2025, potentially hitting the bitcoin price and crypto market as the Federal Reserve dials back its planned interest rate cuts.

全球最大的資產經理貝萊克（Blackrock）週三警告說，通貨膨脹可能會在2025年回來，隨著美聯儲撥打其計劃的削減利率，可能會達到比特幣價格和加密貨幣市場。

"I think if we all are becoming a little more nationalistic—and I’m not saying that’s a bad thing, you know, it does resonate with me—that it’s going to have elevated inflation," BlackRock’s Larry Fink told CeraWeek conference attendees, it was reported by Reuters.

貝萊德（BlackRock）的拉里·芬克（Larry Fink）告訴塞維克（Larry Fink）告訴塞瓦克（Ceraweek）會議，我認為，如果我們所有人都變得更加民族主義，我並不是說這是一件壞事，這確實會引起我的通貨膨脹。”

03/13 update: U.S. inflation has slowed to 2.8% in February from a year earlier, boosting the case for the Federal Reserve to cut interest rates but failing to offset fears that U.S. president Donald Trump’s global tariff trade war will push up prices through 2025.

03/13的更新：美國通貨膨脹率從一年前開始放緩至2月的2.8％，這增加了美聯儲降低利率的案子，但未能抵消擔心美國總統唐納德·特朗普的全球關稅貿易戰將在2025年提高價格。

The latest consumer price index (CPI) reading came in below January’s 3% and the 2.9% expected by economists, according to a Reuters poll.

根據路透社的一項民意測驗，最新的消費者價格指數（CPI）的閱讀量低於1月份的3％，經濟學家預期的2.9％。

"Today’s lower-than-expected CPI should be bullish, signaling faster rate cuts, but crypto hasn't reacted strongly," Youwei Yang, chief economist at BIT Mining, said in emailed comments.

Bit Mining的首席經濟學家Youwei Yang在電子郵件的評論中說：“當今的CPI比預期的是看漲，降低速度更快，但加密貨幣的反應並沒有強烈反應。”

"Weeks of market fear require more than a single good print to regain confidence. The real issue is Trump’s aggressive tariffs, which risk making inflation stickier while also crashing markets and triggering layoffs, particularly by the Doge department of government efficiency. This puts the Fed in a bind: High inflation from tariffs makes rate cuts harder. Market crashes and job losses pressure the Fed to cut rates sooner. Cutting too early could reignite inflation, making future policy tougher. Stocks are bouncing back, but crypto remains sluggish. Investors want stronger support from the White House or Fed, especially after last week’s crypto summit failed to reassure markets. Until clearer signals emerge, fear and uncertainty will weigh on crypto market sentiment."

“幾週的市場恐懼需要不僅僅需要一個好的印刷品才能恢復信心。真正的問題是特朗普的積極關稅，這種關稅風險使通貨膨脹率更高，同時又崩潰了市場並觸發了裁員，尤其是政府效率部門效率部門的裁員。這使美聯儲陷入困境：高額通貨膨脹率很高的稅率使市場變得更加危險，使率更加穩定地降級。越來越多地減少了越來越多的危機，因此很快就會加重行動。彈跳，但加密貨幣仍然遲鈍。

The latest U.S. inflation data in the form of the consumer price index (CPI) will drop on Wednesday, with consumer prices expected to have ticked up in February, according to Bloomberg, highlighting the Fed’s slow progress on battling inflation and potentially raising the specter of stagflation—characterized by an economic slowdown coupled with spiraling price rises.

根據彭博社的說法，美國最新的以消費者價格指數（CPI）形式的美國通貨膨脹數據將在周三下降，預計消費者價格將在2月提高，彭博社（Bloomberg）的說法將在2月提高，突出了美聯儲在與通貨膨脹作鬥爭的緩慢進展，並有可能提高雄鹿的觀點，從而通過經濟放緩的速度與螺旋式的價格上升的價格提高了速度穩定性。

"This market downturn is largely driven by broader economic concerns, including fears of a U.S. recession and persistent inflation," Sean Dawson, head of research at decentralized options trading platform Derive.xyz, said in emailed comments.

分散式期權交易平台Derive.xyz的研究負責人Sean Dawson在電子郵件的評論中說：“這個市場的低迷在很大程度上是由更廣泛的經濟問題驅動的，包括對美國衰退和持續通貨膨脹的擔憂。”

“The market is facing significant challenges as the macroeconomic environment worsens, and crypto assets are no exception. With bearish sentiment building, traders are turning to downside hedging strategies, especially as volatility surges across both traditional and crypto markets. The coming weeks will be critical for assessing how the broader economic situation impacts digital asset prices and trading behavior."

“隨著宏觀經濟環境惡化，市場面臨重大挑戰，加密資產也不例外。隨著看跌情緒的建設，貿易商正在轉向下行對沖策略，尤其是在傳統和加密市場的波動激增時。接下來的幾週對於評估更廣泛的經濟狀況如何影響數字資產價格和交易行為至關重要。”