美國宏觀經濟數據本週要觀看

加密市場的參與者，貿易商和投資者本週將觀看幾項美國經濟活動。

As Bitcoin (BTC) hovers close to critical price levels, crypto investors are turning their attention to a busy week of US economic data that could tip the scales of market sentiment.

隨著比特幣（BTC）徘徊在接近關鍵價格水平的近處，加密投資者將注意力轉向了繁忙的美國經濟數據，這些數據可能會使市場情緒的範圍提高。

From key employment figures to insights from Federal Reserve Chair Jerome Powell, these macroeconomic indicators are poised to influence the trajectory of the world’s leading cryptocurrency.

從關鍵的就業人物到美聯儲主席杰羅姆·鮑威爾（Jerome Powell）的見解，這些宏觀經濟指標有望影響世界領先的加密貨幣的軌跡。

US Macroeconomic Data To Watch This Week

美國宏觀經濟數據本週要觀看

Crypto market participants, traders, and investors have several US economic events to slip into view this week. This follows a notable sentiment shift during the weekend, driven by US President Donald Trump’s move to commission a crypto reserve.

加密市場參與者，貿易商和投資者本周有幾次美國經濟活動可以參觀。這是在周末的一個顯著轉變之後，由美國總統唐納德·特朗普（Donald Trump）委託加密保護區的舉動。

The crypto market’s reaction to the president’s executive order showcases the growing place of Bitcoin within the United States macroeconomic sphere. Here is a breakdown of the five key data points to watch and their potential impact on the world’s leading cryptocurrency.

加密市場對總統行政命令的反應展示了比特幣在美國宏觀經濟領域的日益增長的位置。這是要觀看的五個關鍵數據點的細分及其對世界領先的加密貨幣的潛在影響。

ADP Employment Report

ADP就業報告

The week commences with the ADP National Employment Report on Wednesday. This US economic data provides a crucial gauge of private-sector job growth. After the previous 183,000, economists anticipate February’s jobs data to slow down to around 143,000. This reflects a continued cautious hiring environment, as President Trump’s economic policies remain a topic of interest.

一周從周三的ADP國家就業報告開始。美國的經濟數據提供了至關重要的私營部門工作增長。在之前的183,000個之後，經濟學家預計2月份的就業數據將減緩至143,000。這反映了一個持續謹慎的招聘環境，因為特朗普總統的經濟政策仍然是一個有趣的話題。

A stronger-than-expected report could signal resilience in the labor market, potentially boosting the US dollar and pressuring Bitcoin as investors pivot to traditional assets. Conversely, a weaker print might fuel expectations of Federal Reserve rate cuts, lifting BTC as a risk asset.

一份超過預期的報告可能表明在勞動力市場上的韌性，可能會增加美元，並向比特幣施加壓力，因為投資者對傳統資產的投資樞紐。相反，較弱的印刷品可能會加劇對美聯儲削減稅率的期望，從而將BTC作為風險資產提高。

“The focus is on jobs data this week, with ADP on Mar 5 expected at 143,000 and non-farm payrolls on Mar 7 forecasted at 160,000. If those hit or beat, the bulls will likely drive a 1-2% gain, fueled by optimism in tech and a belief in a soft landing,” one user commented.

“重點是本週的工作數據，ADP預計3月5日為143,000，而3月7日的非農業工資預測為160,000。如果那些擊中或擊敗的人，公牛隊可能會帶來1-2％的收益，這是由於對技術的樂觀情緒和對軟著陸的信念所推動的。”一位用戶評論道。

However, the outcome remains uncertain, with historical trends showing mixed reactions in crypto markets to ADP surprises.

但是，結果仍然不確定，歷史趨勢表明加密貨幣市場對ADP驚喜的反應不同。

Initial Jobless Claims

最初的失業聲明

Thursday’s Initial Jobless Claims report will offer a real-time snapshot of the US labor market’s health. The previous week’s figure saw an increase to 242,000, exceeding the consensus of 225,000, signaling economic softening.

週四最初的失業索賠報告將為美國勞動力市場健康的實時快照提供。上一周的數字增加到242,000，超過了225,000的共識，這表明經濟軟化。

According to data on MarketWatch, analysts anticipate a slight uptick to around 243,000 for the week ending March 1. Lower claims could reinforce confidence in the economy, potentially reducing Bitcoin’s appeal as a hedge against uncertainty.

根據MarketWatch的數據，分析師預計截至3月1日的一周將有略有上漲至243,000個。較低的索賠可能會增強對經濟的信心，從而減少比特幣的吸引力，作為對沖不確定性的對沖。

Higher claims, however, might stoke fears of a slowdown, driving investors toward BTC as a safe-haven alternative.

但是，更高的主張可能會擔心會放緩，這使投資者成為了避風港的選擇。

US Unemployment Rate

美國失業率

Friday’s US jobs report, including the unemployment rate, is a market marquee event. Forecasts peg job growth at 160,000 for February, up from January’s 143,000, with the unemployment rate forecasted at 4.1%, higher than the previous 4.0%.

星期五的美國就業報告，包括失業率，是市場票價活動。預測2月份的PEG職位增長為160,000，比1月份的143,000倍，失業率為4.1％，高於前面的4.0％。

Strong job growth could dampen hopes for monetary easing, pressuring Bitcoin as higher interest rates make yield-bearing assets more attractive. A disappointing report, on the other hand, might bolster BTC’s narrative as a hedge against economic weakness.

強勁的就業增長可能會削弱對貨幣降低的希望，這會給比特幣施加壓力，因為較高的利率使承重資產更具吸引力。另一方面，令人失望的報告可能會促進BTC的敘述，以此作為對經濟弱點的籬笆。

Jerome Powell Speech

杰羅姆·鮑威爾的演講

Rounding out the week’s macroeconomic tapestry is a speech by Federal Reserve Chair Jerome Powell, featuring US economic data that could influence crypto sentiment this week. His speech could set the tone for monetary policy expectations.

美聯儲主席杰羅姆·鮑威爾（Jerome Powell）的演講是美國的經濟數據，本周可能會影響加密情緒。他的講話可能會為貨幣政策期望定下基調。

His remarks, scheduled for Friday, will be parsed for clues on rate cuts in 2025, especially after the Fed’s latest interest rate decision.

他的講話定於週五舉行，將在2025年削減稅率的線索，尤其是在美聯儲最新的利率決定之後。

Dovish hints—suggesting more aggressive easing—would propel Bitcoin higher by weakening the dollar and boosting risk appetite. A hawkish stance, emphasizing inflation control, might weigh on BTC as borrowing costs rise.

奇特的提示（提高了更具侵略性的寬鬆）將通過削弱美元並提高風險食慾來推動比特幣更高。強調通貨膨脹控制的鷹派立場可能會隨著借貸成本的上升而權衡。

Notably, Powell recently told the Senate Banking Committee that he is in no rush to cut interest rates, maintaining a cautious economic approach. Nevertheless, it is impossible to ignore the growing concerns among US policymakers about President Trump’s policies.

值得注意的是，鮑威爾最近告訴參議院銀行委員會，他不急於降低利率，保持謹慎的經濟態度。然而，不可能忽略美國政策制定者對特朗普總統政策的日益嚴重的關注。

“Many participants suggested that a variety of factors underlined the need for a careful approach to monetary policy decisions over coming quarters,” the Fed’s previous minutes stated.

美聯儲的前幾分鐘說：“許多參與者建議，各種因素強調了在未來幾個季度對貨幣政策決策進行仔細方法的必要性。”

Consumer Credit

消費者信用

Finally, Friday’s Consumer Credit data will shed light on American borrowing trends. Following a $40.85 billion increase in December, a sharp rise could signal strong consumer confidence, potentially reducing Bitcoin’s allure as disposable income flows elsewhere.

最後，星期五的消費者信貸數據將闡明美國借貸趨勢。在12月增長了408.5億美元之後，急劇上升可能表明消費者的信心強烈，可能會減少比特幣的吸引力，因為它們是其他地方的可支配收入流。

A slowdown in credit growth might suggest economic caution, nudging investors toward BTC as a store of value amid uncertainty. Nevertheless, data on MarketWatch indicates a modest median forecast of $12 billion.

信貸增長的放緩可能表明經濟謹慎，在不確定性的情況下將投資者推遲為價值。儘管如此，MarketWatch上的數據表明中位數預測為120億美元。

As of this writing, Bitcoin was trading for $92,811, up by over 8%

截至撰寫本文時，比特幣的交易價格為92,811美元，增長了8％以上