隨著美聯儲保持利率，比特幣價格躍升至85,000美元以上

加密貨幣市場在美聯儲決定維持利率的決定之後經歷了強烈的集會，比特幣攀升至85,000美元以上，

The cryptocurrency market responded strongly to the Federal Reserve's decision to maintain interest rates, pushing Bitcoin above $85,000 and shifting market sentiment from fear to neutral.

加密貨幣市場對美聯儲維持利率的決定做出了強烈的反應，將比特幣提高到85,000美元以上，並將市場情緒從恐懼轉移到中立。

The Fed announced on March 19 that it would keep interest rates steady at 4.25%-4.50%. This decision comes as the central bank continues to grapple with high inflation and slowing economic growth, prompting a cautious approach to monetary policy.

美聯儲於3月19日宣布，將使利率穩定在4.25％-4.50％。這項決定是隨著中央銀行繼續努力應對高通貨膨脹和經濟增長放緩，促使人們對貨幣政策的謹慎態度。

"We will need to proceed cautiously in evaluating the economic data and adjusting monetary policy to complete the work of bringing inflation down to 2% in a sustainable way," Fed Chair Jerome Powell said in a press conference.

美聯儲主席杰羅姆·鮑威爾（Jerome Powell）在新聞發布會上說：“我們將需要謹慎地評估經濟數據並調整貨幣政策，以使通貨膨脹以可持續的方式降低到2％的工作。”

Still, he acknowledged that inflation remains "unacceptably high" and warned that tariffs could prolong the fight against rising prices. These factors have contributed to the central bank's cautious stance.

儘管如此，他仍然承認，通貨膨脹仍然“令人難以置信的高”，並警告說，關稅可以延長與價格上漲的鬥爭。這些因素促成了中央銀行謹慎的立場。

The Fed's latest dot plot shows a shift toward fewer rate cuts for 2025. Officials now project a total of 50 basis points in cuts next year, which translates to two 25 basis point reductions. This is a reduction from earlier expectations, with four officials now seeing no rate cuts, four suggesting a 25 basis point cut, and nine supporting a 50 basis point cut. More aggressive cuts of 75 and 100 basis points are no longer supported.

美聯儲的最新點圖顯示，轉變為2025年的降低率較小。官員們現在在明年的削減局中總計50個基點，這轉化為兩個25個基點降低。這是從較早的期望中降低的，現在有四名官員沒有降低稅率，其中四個表明削減25個基點，並支持9個基點降低。不再支持75個基點和100個基點的更積極的削減。

The central bank also revised its economic outlook, projecting GDP growth of 1.7% in 2025, down from a previous estimate of 2.1% made in December. Meanwhile, projections for inflation have been adjusted upward, with the Fed now expecting PCE inflation to reach 2.7% by the end of 2025, a higher figure compared to earlier estimates.

中央銀行還修改了其經濟前景，2025年的GDP增長率為1.7％，低於以前的12月份估計2.1％的估計。同時，通貨膨脹的預測已經向上調整，現在，美聯儲預計到2025年底，PCE通貨膨脹率將達到2.7％，與較早的估計相比，這一數字更高。

Market Response

市場反應

Following the Fed's announcement, cryptocurrency markets responded with strong gains. Bitcoin rose by 3% to reach $85,786 by 07:30 ET (11:30 GMT). It briefly touched $87,431, marking its highest level since March 9.

在美聯儲宣布之後，加密貨幣市場的回應很大。比特幣上漲了3％，達到$ 85,786，比07:30（格林尼治標準時間11:30）上升。它短暫觸及了87,431美元，標誌著自3月9日以來的最高水平。

Other cryptocurrencies also saw increases, with Ethereum climbing 4% to $2,022 and Solana jumping 6% to $133. The total crypto market capitalization now stands at $2.91 trillion, a 2% increase in 24 hours.

其他加密貨幣也有所增加，以太坊攀升4％至2,022美元，索拉納（Solana）躍升了6％至133美元。現在的加密市值總數為2.91萬億美元，在24小時內增長了2％。

The Crypto Fear and Greed Index also reflected the improved market sentiment, increasing by 17 points in a single day to reach 49 on March 20. This shift moves the index from "Fear" to "Neutral" territory.

加密恐懼和貪婪指數也反映了改善的市場情緒，在一天的一天中增加了17分，在3月20日達到49分。這種轉變將指數從“恐懼”轉變為“中性”領域。

Alternatives' Crypto Fear and Greed Index measures investor sentiment by analyzing various market factors, including market momentum, volatility, Bitcoin dominance, and social media trends. The shift to neutral indicates a more balanced view of the market, in contrast to the extreme fear that prevailed in recent weeks.

替代方案的加密恐懼和貪婪指數通過分析各種市場因素，包括市場動力，波動性，比特幣優勢和社交媒體趨勢來衡量投資者的情緒。向中性的轉變表明，對市場的看法更加平衡，與最近幾周盛行的極端恐懼相比。

Futures markets showed a strong reaction, and according to Coinglass data, there were $355 million in liquidations over 24 hours, with short positions accounting for $258 million of these liquidations.

期貨市場表現出強烈的反應，根據Coinglass數據，在24小時內有3.55億美元的清算工作，短職位佔此類清算的2.58億美元。

Bitcoin ETFs have reversed their trend after five weeks of withdrawals, with SoSoValue data displaying weekly inflows of $483 million. This suggests renewed interest from large institutions in digital assets.

比特幣ETF在撤離五週後扭轉了趨勢，索蘇撤資數據每週的流入量為4.83億美元。這表明，大型機構對數字資產的重新興趣。

The launch of Solana exchange-traded funds is set for Thursday. This event, combined with the renewed demand for Bitcoin investment products, highlights improving sentiment and suggest a role for institutional investors in the digital asset space.

Solana Exchange交易資金的推出定於週四。該活動加上對比特幣投資產品的新需求，強調了改善情感，並為機構投資者在數字資產領域中發揮了作用。

Despite the positive market reaction, Powell noted that consumer spending is beginning to slow down, a key factor for economic growth. Investors will closely watch inflation trends and possible tariff effects as the market navigates this uncertain environment.

儘管市場反應積極，鮑威爾指出，消費者支出開始放慢速度，這是經濟增長的關鍵因素。當市場導航這個不確定的環境時，投資者將密切關注通貨膨脹趨勢和可能的關稅影響。

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