比特币（BTC）市场悬挂在一个线程中，等待杰罗姆·鲍威尔的下一个决定

加密市场再次处于不确定性状态，挂在一个问题上：美国美联储的下一个决定是什么？

The crypto market is once again in a critical state of uncertainty,pivoting on a single point: the next decision of the U.S. Federal Reserve.

加密市场再次处于不确定性的临界状态，在一个点上旋转：美国美联储的下一个决定。

As bitcoin hovers below $85,000 and the market’s fear and greed index collapses to 23, investors are holding their breath. The meeting of the Federal Open Market Committee (FOMC) concludes today, and all attention is now on Jerome Powell.

随着比特币徘徊在85,000美元以下，市场的恐惧和贪婪指数崩溃了23，投资者屏住了呼吸。联邦公开市场委员会（FOMC）的会议今天结束，现在所有的关注都关注杰罗姆·鲍威尔（Jerome Powell）。

Markets Under Pressure Await the Fed’s Verdict

在压力下等待美联储的裁决

For several days, bitcoin and major cryptos have displayed increased volatility, signaling a rising nervousness.

几天以来，比特币和主要加密货币表现出增加的波动性，表明神经质上升。

This morning, bitcoin dropped below $83,000, before slightly rebounding to $83,450, while Ethereum, Solana, and XRP are juggling between small gains and losses.

今天早上，比特币跌至83,000美元以下，然后略有反弹至83,450美元，而以太坊，索拉纳和XRP在小额损失和损失之间杂耍。

Ryan Lee, chief analyst at Bitget Research, sheds light on this dynamic, stating that:

Bitget Research的首席分析师Ryan Lee阐明了这种动态，并指出：

Bitcoin price dropped by 0.2% to trade around $83,000 on Wednesday, continuing a broader decline in the crypto market. Solana, XRP, and Dogecoin are also down, while gold price rose above $3,000 an ounce and markets awaited the FOMC decision on March 19, 2025. Although bitcoin has historically been correlated with gold as a macroeconomic hedge, their current divergence (bitcoin falling while gold rises) indicates that bitcoin is acting more like a risk asset, reacting to uncertainty over Fed monetary policy, crypto market profit-taking, and a corresponding market flow toward traditional safe havens. The outcome of the FOMC meeting could favor a rebound if the tone is flexible or intensify the correction if the position remains restrictive, with the short-term trend of bitcoin now being more closely linked to global economic signals than its role as digital gold.

比特币的价格下跌了0.2％，周三的交易约为83,000美元，持续下降了加密货币市场。 Solana，XRP和Dogecoin也会下降，而黄金价格上涨了每盎司3,000美元以上，市场在2025年3月19日等待FOMC的决定。尽管比特币历史上与黄金相关，作为宏观经济的树篱，其宏观经济对冲，但他们当前的差异（比特币降落，而金色的兴趣）表明比特币的竞争更为不可思议的是，在不适合的情况下，不愿意的是，在反应中，不愿意在不适当的情况下进行了反应，而不是在反应上，而不是在反应中，而不是在反应中，而不是在反应上。获利，并相应的市场流向传统的避风港。如果基调灵活或加强校正，则FOMC会议的结果可能会有利于反弹，如果该职位保持限制，比特币的短期趋势现在与全球经济信号更加紧密地联系在一起，而不是其作为数字黄金的角色。

The pivotal element that has investors on edge is the stance the Federal Reserve will take on interest rates.

拥有投资者在边缘的关键要素是美联储将采取利率的立场。

Officially, the predictions are for rates to remain within the band of 4.25% to 4.5%. However, the key factor will be the tone of Jerome Powell’s speech.

正式地，这些预测是在4.25％至4.5％的频段内保持费率。但是，关键因素将是杰罗姆·鲍威尔（Jerome Powell）讲话的语气。

Three possible scenarios are being considered by investors:

投资者正在考虑三种可能的情况：

“We do not anticipate an immediate rate cut,” has already been stated by the Fed chairman in recent months. He highlights the persistence of inflation and the still fragile state of the economy.

美联储董事长最近几个月已经说：“我们预计不会立即降低利率。​​”他强调了通货膨胀的持久性和经济中仍然脆弱的状态。

Yet, even a slight variation in his tone would be enough to trigger an immediate reaction in the markets.

然而，即使他的语气略有差异也足以引发市场上的立即反应。

Investors are scanning every hint for a sign of a shift in the Fed’s course.

投资者正在扫描所有提示，以表明美联储课程发生变化。

A Crypto Market at a Crossroads

十字路口的加密市场

If the Fed maintains a hard and restrictive position, the market could face another downturn, as investors would then be turning towards safer investments like bonds.

如果美联储保持艰难而限制性的立场，那么市场将面临另一个低迷，因为投资者将转向诸如债券之类的更安全的投资。

Many analysts are fearing a tightening of liquidity, which would particularly impact risk assets like bitcoin.

许多分析师担心流动性的收紧，这会特别影响像比特币这样的风险资产。

“Financial flows are beginning to shift towards European and Asian markets,” notes a report by QCP Capital, suggesting a movement of capital away from U.S. tech stocks and cryptocurrencies.

QCP Capital的一份报告指出，“金融流量开始转向欧洲和亚洲市场，”这表明资本从美国科技股和加密货币移动而来。

Conversely, if Powell hints at a possibility of monetary easing sooner than anticipated, the crypto market could react swiftly with a spectacular rebound.

相反，如果鲍威尔暗示可能比预期的更快的货币宽松，那么加密货币市场可能会以壮观的反弹做出反应。

The recent drop in the Consumer Price Index (CPI) from 3.1% to 2.8% could serve as an argument for an upcoming easing. If the Fed hints that rate cuts might start before mid-2025, bitcoin and altcoins would stand to benefit directly, which would in turn attract investors seeking high returns.

最近，消费者价格指数（CPI）从3.1％下降到2.8％，可以作为即将缓解的论点。如果美联储暗示削减税率可能在2025年中期之前开始，那么比特币和山寨币将直接受益，这反过来又吸引了寻求高回报的投资者。

The coming hours will be decisive as Jerome Powell’s speech will condition the market movements, and the magnitudes of the reactions could be significant. A conciliatory approach would open the door for a new bullish dynamic and strengthen interest in cryptocurrencies as a safe haven in anticipation of an economic stimulus. Conversely, a hard and unyielding line could mark the beginning of a new correction phase, testing the markets’ resilience against an inflexible monetary policy.

接下来的几个小时将是决定性的，因为杰罗姆·鲍威尔（Jerome Powell）的讲话将使市场变动调节，并且反应的幅度可能很大。一种和解的方法将为新看涨的动态打开大门，并加强对加密货币作为预期经济刺激的避风港的兴趣。相反，一条艰苦而坚定的线可以标志着新的更正阶段的开始，测试了市场对不灵活的货币政策的韧性。

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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. J'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

我是Alyra发行的区块链顾问认证的科学毕业生，我于2019年加入了Cointribuna冒险。我坚信区块链有可能改变经济的许多部门，我承诺提高认识，并向公众提高人们对这个不断发展的生态系统的认识。我的目标是让每个人都能更好地了解区块链并抓住他们提供的机会。我每天都在努力对新闻进行客观的分析，破译市场趋势，传达最新的技术创新，并将其视为正在进行的革命的经济和社会问题。