鮑威爾（Powell）的評論是美聯儲決定的市場括號

與去年的崩潰不同，這次，隨著速度不變，會議後將出現真正的影響。

The Federal Reserve is set to announce its latest interest rate decision on January 31, and while no rate change is expected, Powell’s comments could have a significant impact on risk assets like Bitcoin. Here's a quick look at what to expect from the Fed and how it could affect crypto.

美聯儲定於1月31日宣布其最新的利率決定，儘管預計不會改變利率，但鮑威爾的評論可能會對像比特幣這樣的風險資產產生重大影響。這是一個快速查看對美聯儲的期望以及如何影響加密貨幣的期望。

The Fed is likely to keep interest rates steady at their current range of 4.25% to 4.5%. This follows a 25 basis point cut in December, but policymakers have signaled that rate cuts will slow down in 2025. As a Result, this meeting is seen as a non-event for most markets, including cryptocurrencies, as the rate decision has already been communicated in advance. In the meanwhile, Trump has already shown his preference for lower rate cuts to support the crypto assets.

美聯儲可能會在目前的4.25％至4.5％的範圍內保持利率穩定。這是在12月削減25個基點之後，但決策者表明，降低速度將在2025年放緩。結果，這次會議被視為包括加密貨幣在內的大多數市場的非事實提前傳達。同時，特朗普已經表明了他偏愛降低降低稅率來支持加密資產。

Even though the rate decision is predictable, there are three big issues Powell might be asked about, and his answers could shake up the markets.

即使利率決策是可以預見的，鮑威爾可能會問三個大問題，他的答案可能會動搖市場。

One major topic is deportation, President Trump has started deporting illegal immigrants, and some estimates say millions could be removed. If that happens, the U.S. could lose a big chunk of its workforce, making it harder for businesses to find workers. That could push wages higher and drive inflation up. If Powell agrees that this is a risk, it could mean fewer rate cuts ahead, which would be bad news for Bitcoin and other risky investments.

一個主要的話題是驅逐出境，特朗普總統已經開始驅逐非法移民，一些估計說數以百萬計的人可以被刪除。如果發生這種情況，美國可能會失去大部分勞動力，從而使企業更難找到工人。這可能會推動工資更高並推動通貨膨脹提高。如果鮑威爾同意這是一種風險，那可能意味著降低稅率的較少，這對比特幣和其他風險投資是個壞消息。

Another issue that could come up is the U.S. debt ceiling. The U.S. has hit its $36 trillion debt limit, and the government is now using emergency measures to keep running. One of these measures involves spending money from a special account at the Fed, which could pump extra cash into the economy. This could help risk assets like Bitcoin in the short term. But Powell might downplay its impact, which could keep markets cautious.

可能出現的另一個問題是美國債務上限。美國已經達到了36萬億美元的債務限額，政府現在正在採取緊急措施繼續運行。這些措施之一涉及從美聯儲的特殊帳戶中花錢，這可能會將額外的現金帶入經濟中。這可以在短期內有助於像比特幣這樣的風險資產。但是鮑威爾可能會輕描淡寫其影響，這可能使市場保持謹慎。

Lastly, Powell might address the recent moderation in rent inflation, which has a significant effect on the consumer price index. If Powell acknowledges this disinflationary trend, it could boost the crypto market, potentially driving up risk assets like Bitcoin.

最後，鮑威爾（Powell）可能會解決租金通貨膨脹率最近的適度，這對消費者價格指數產生了重大影響。如果鮑威爾（Powell）承認這種解散趨勢，它可能會提高加密貨幣市場，從而推動像比特幣這樣的風險資產。

Following the Fed’s meeting, Bitcoin dropped 1.15% in the last 24 hours, trading at $102,134.33, but still holds a dominant 58.30% market share with a $2.08 trillion market cap. Despite the dip, BTC Spot ETF inflows of $18.44 million on January 28 suggest continued institutional interest, though overall trading volume of $42.81 billion reflects caution ahead of the FOMC decision.

美聯儲的會議結束後，比特幣在過去24小時內下降了1.15％，交易價格為102,134.33美元，但仍持有58.30％的市場份額，市場上限為20.8萬億美元。儘管下降了，但1月28日，BTC現貨ETF流入1844萬美元表明，儘管總體交易量為428.1億美元，但在FOMC決定之前的總體交易量反映了謹慎。