随着通货膨胀数据的降低，比特币（BTC）短暂下降到$ 95K以下

超过期待的通货膨胀数据锯比特币（BTCUSD）短暂降至95,000美元以下，因为投资者希望美联储在3月的会议上削减的利率进一步降低。

Bitcoin price dropped below $95,000 briefly on Wednesday after hotter-than-expected inflation data dashed hopes of a rate cut by the Federal Reserve at its March meeting.

比特币的价格在周三短暂下跌了95,000美元，此前的通货膨胀数据比预期的，美联储在3月的会议上削减的税率降低了希望。

The world's largest cryptocurrency by market cap later recovered to trade at around $96,000 as of early afternoon Wednesday. Bitcoin-related stocks followed that pattern, with Marathon Digital (MARA), Coinbase (COIN) and MicroStrategy (MSTR) also showing gains.

截至周三午后，全球最大的加密货币后来以96,000美元的价格恢复了约96,000美元的贸易。与比特币相关的股票遵循了这种模式，马拉松数字（MARA），Coinbase（Coin）和MicroStrategy（MSTR）也显示出收益。

But the latest inflation reading, coupled with uncertainty around tariffs that could stoke inflation further, bodes poorly for bitcoin as an investment, analysts said. Higher rates would imply greater yields on Treasuries, making them more attractive compared to assets like bitcoin from both a return and a riskiness perspective.

但是，最新的通货膨胀阅读，再加上可能进一步促进通货膨胀的关税的不确定性，比特币作为一项投资的不良体现。与比特币这样的资产，从回报和风险的角度来看，比特币等资产较高，这意味着国库的收益率更高，这使得它们更具吸引力。

What Happened To Bitcoin In 2025?

比特币在2025年发生了什么？

Bitcoin hit a record high of over $109,000 less than a month ago on January 20th, ahead of the inauguration of U.S. President Trump. Trump was largely expected to herald a friendlier regulatory landscape, and has already issued several executive orders pertaining to digital assets. But that optimism hasn't panned out for investors, with bitcoin's price remaining volatile since then.

比一个月前，比特币在美国总统特朗普就职之前，比一个月前达到了109,000美元以上。特朗普很大程度上预计将预示着更友好的监管景观，并且已经发布了与数字资产有关的几项行政命令。但是，这种乐观并没有为投资者带来，从那以后，比特币的价格持续下降。

Some market observers, like BlackRock's head of digital assets, have suggested that bitcoin could be viewed as a risk-off asset, performing well during times of uncertainty, as opposed to a risk-on asset like stocks or high-yield bonds, which gain during periods of positive market sentiment.

一些市场观察家，例如贝莱德（BlackRock）的数字资产负责人，都建议将比特币视为一种风险资产，在不确定性期间表现良好，而不是股票或高收益债券（例如股票或高收益债券）在积极的市场情绪期间。

However, that thesis has been called into question in recent months, with the cryptocurrency often moving in conjunction with risk-on assets like traditional equities, which also fell following today's inflation reading.

但是，近几个月来，该论文受到了质疑，加密货币经常与传统股票（如传统股票）这样的风险资产结合使用，这些资产在当今的通货膨胀阅读之后也下降了。

Despite the recent price decline, inflows into spot bitcoin exchange-traded funds (ETFs) have been positive every week so far in 2025, according to Farside Investors. However, the spot bitcoin ETFs have seen a combined $243 million in outflows so far this week.

据Farside Investors称，尽管最近的价格下跌，但据Farside Investors称，迄今为止，迄今为止，流入现货比特币交易所交易基金（ETF）的流入率是积极的。但是，本周到目前为止，现货比特币ETF总共有2.43亿美元的外流。