通膨擔憂和關稅擔憂導致比特幣市場暴跌

比特幣連續兩天的大幅暴跌震驚了加密貨幣市場，幾乎抹去了 2025 年初的全部漲幅，並引發了新一波投資者的焦慮。

Bitcoin’s dramatic two-day plunge has rattled the crypto market, erasing nearly all of its early 2025 gains and sparking a fresh wave of investor anxiety.

比特幣連續兩天的大幅暴跌震驚了加密貨幣市場，幾乎抹去了 2025 年初的全部漲幅，並引發了新一波投資者的焦慮。

Amid fears of rising inflation, surging bond yields, and potential US tariff policies under the incoming administration, Bitcoin fell to a low of $92,900 today (Wednesday), leaving traders debating its next move.

由於擔心通膨上升、債券殖利率飆升以及即將上任的政府可能採取的美國關稅政策，比特幣今天（週三）跌至 92,900 美元的低點，讓交易員們爭論其下一步行動。

Fed Policy and Tariff Concerns

聯準會政策和關稅擔憂

The selloff began earlier this week as strong US economic data caused fears that the Federal Reserve might maintain a hawkish stance longer than anticipated, CNBC reported.

根據 CNBC 報道，由於強勁的美國經濟數據引發人們對聯準會維持鷹派立場的時間可能長於預期的擔憂，拋售始於本週稍早。

The 10-year US Treasury yield surged, pressuring risk assets across the board. Bitcoin, which briefly traded above $102,000 on Monday, plunged nearly 5% in the daily chart. At the time of publication, the price was $94, 361, down 2% in the past day.

美國10年期公債殖利率飆升，風險資產全面承壓。比特幣週一短暫交投於 102,000 美元上方，日線圖暴跌近 5%。截至發稿時，價格為 94 美元，361 美元，較過去一天下跌 2%。

Among altcoins, Cardano’s ADA, Solana (SOL), and Avalanche (AVAX) led losses. Cardano (ADA) currently trades at $0.921, representing an 8% decline in the past day. SOL, DOGE, and AVAX are down 4%, 5%, and 6%, respectively.

在山寨幣中，卡爾達諾的 ADA、Solana (SOL) 和 Avalanche (AVAX) 領跌。卡爾達諾 (ADA) 目前交易價格為 0.921 美元，較過去一天下跌 8%。 SOL、DOGE 和 AVAX 分別下跌 4%、5% 和 6%。

Minutes from the Federal Reserve's recent policy meeting reportedly highlighted rising concerns about inflationary pressures. Additionally, uncertainty surrounding President-elect Donald Trump's potential tariff policies has reportedly added to market jitters.

據報道，聯準會最近的政策會議紀要凸顯了人們對通膨壓力的擔憂日益加劇。此外，據報道，當選總統唐納德·川普潛在關稅政策的不確定性也加劇了市場的緊張情緒。

These factors have traders reevaluating expectations for 2025, with rate cuts potentially fewer than previously anticipated. Historically, rate cuts have buoyed Bitcoin prices, while rate hikes have had the opposite effect. Any signs of delayed cuts could hinder Bitcoin's upward trajectory, keeping traders on edge.

這些因素促使交易員重新評估對 2025 年的預期，降息幅度可能會比之前預期的要少。從歷史上看，降息提振了比特幣價格，而升息卻產生了相反的效果。任何推遲減產的跡像都可能阻礙比特幣的上漲軌跡，讓交易員感到緊張。

Long-Term Prospects

長期前景

Bitcoin's long-term prospects remain tied to broader adoption, regulatory clarity, and technological innovation. With 2024 marking significant milestones such as spot ETF approvals and institutional adoption, investors remain cautiously optimistic about Bitcoin's role in portfolios.

比特幣的長期前景仍與更廣泛的採用、監管的明確性和技術創新息息相關。隨著 2024 年標誌著現貨 ETF 批准和機構採用等重要里程碑，投資者對比特幣在投資組合中的作用保持謹慎樂觀。

Technically, BTC is facing a downward price momentum. The cryptocurrency could find support at $91,829. Currently, it trades below the 50-moving average but remains above the 200-moving average.

從技術上講，BTC 面臨價格下行勢頭。該加密貨幣可能會在 91,829 美元處找到支撐。目前，其交易價格低於 50 移動平均線，但仍高於 200 移動平均線。

On the daily price chart, the Relative Strength Index is at 44, meaning the price is above the oversold zone and could drop further before the trend changes.

在每日價格圖表上，相對強弱指數位於 44，這意味著價格位於超賣區域之上，並且在趨勢變化之前可能會進一步下跌。

For now, market participants will watch for upcoming economic data and Trump's inauguration for cues. While uncertainty looms, Bitcoin's resilience in past downturns offers a glimmer of hope for traders seeking a rebound.

目前，市場參與者將關注即將公佈的經濟數據和川普的就職典禮以尋找線索。儘管不確定性迫在眉睫，但比特幣在過去低迷時期的韌性為尋求反彈的交易者帶來了一線希望。