加密貨幣部門大部分時間都是平坦的，因為短暫的集會比我們希望美國通貨膨脹數據迅速失去動力更好。

比特幣（BTC）的交易價格為82,800美元，在過去24小時內下跌0.5％。在同一時期，Coindesk 20（不包括交易所硬幣，穩定幣和成員的十大加密貨幣指數）在同一時期降低了0.8％。

The crypto sector was mostly flat for the day, as a short rally following better than hoped U.S. inflation data quickly lost steam. Bitcoin (BTC) is trading at $82,800, down 0.5% in the last 24 hours. The CoinDesk 20 — an index of the top 20 cryptocurrencies excluding exchange coins, stablecoins and memecoins — is lower by 0.8% in the same period of time.

加密貨幣部門大部分時間都是平坦的，因為短暫的集會比我們希望美國通貨膨脹數據迅速失去動力更好。比特幣（BTC）的交易價格為82,800美元，在過去24小時內下跌0.5％。在同一時期，Coindesk 20（不包括交易所硬幣，穩定幣和成員的十大加密貨幣指數）在同一時期降低了0.8％。

Pulling that broader gauge lower was ether (ETH) is the worst performing asset in the index and currently off 3.5% to roughly $1,880. At 0.022, the ETH/BTC ratio is now at the same level as it was in April 2020, right before DeFi summer brought projects such as Uniswap and MakerDao into the spotlight. The ETH/BTC ratio has plunged a staggering 67% since its all-time high in November 2021.

在較低的範圍內提取較寬的量規是該指數中表現最差的資產，目前降低了3.5％，至約1,880美元。 ETH/BTC的比率為0.022，現在與2020年4月相同的水平，就在Defi Summer將Uniswap和Makerdao等項目帶到了焦點之前。自2021年11月以來，ETH/BTC的比率下降了67％。

Also noteworthy is that the Department of Government Efficiency (DOGE) has begun laying off employees in preparation for the upcoming round of budgetary cuts.

還值得注意的是，政府效率部（Doge）已開始為即將到來的預算削減準備工作做準備。

"Today's lower-than-expected CPI should be bullish, signaling faster rate cuts, but crypto hasn't reacted strongly, perhaps due to persistent market fear or anticipation of a single good print to regain confidence," Dr. Youwei Yang, Chief Economist at BIT Mining told CoinDesk.

Bit Mining首席經濟學家Youwei Yang博士告訴Coindesk。

"The real issue is Trump's aggressive tariffs, which risk making inflation stickier while also crashing markets. 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."

“真正的問題是特朗普的積極關稅，這種關稅有可能使通貨膨脹率更高，同時又崩潰了市場。這使美聯儲陷入困境：高關稅的高通貨膨脹使稅率更加降低。市場崩潰和提高稅率更快地降低費率的市場損失壓力。降低過早的降低可能會重新降低通貨膨脹，使未來的政策變得更加艱難。”

The market currently expects the Federal Reserve to restart rate cuts, perhaps as soon as May or June, with the possibility of as many of 100 basis points in cuts by October.

該市場目前預計美聯儲可能會在5月或6月重新降低降低稅率，並可能在10月之前削減100個基點。

U.S. stocks enjoyed a modest bounce on Wednesday after a roughly 10% plunge over the past few weeks. The Nasdaq closed with a 1.2% advance while the S&P 500 managed a 0.5% gain.

在過去的幾周中，美國股票在大約10％的跌幅之後，在周三享受了謙虛的反彈。納斯達克以1.2％的進步結束，而標準普爾500指數的收益為0.5％。