比特币BTC/USD达到86,909.48美元，加密货币市场对不断变化的美联储政策期望做出回应，获得了1.03％

周一，比特币BTC/USD达到86,909.48美元，在24小时内获得1.03％的股份，因为加密货币市场继续响应转移美联储货币政策的预期。

portion of the article is a transcription of a post made by Hayes on X.

本文的一部分是Hayes在X上发表的帖子的转录。

What Happened: BitMEX co-founder Arthur Hayes predicted on Sunday that Bitcoin will hit $110,000 before retesting the $76,500 level.

发生的事情：Bitmex联合创始人Arthur Hayes在周日预测，比特币将在重新测试76,500美元之前达到110,000美元。

"I bet BTC hits $110k before it retests $76.5k," Hayes wrote.

海斯写道：“我敢打赌，BTC在重新测试$ 76.5k之前达到了11万美元。”

He attributed this to the Federal Reserve shifting from quantitative tightening to quantitative easing for treasuries, and tariffs not mattering due to "transitory inflation."

他将其归因于美联储从定量收紧到国库的定量宽松，而关税无关紧要，这是由于“暂时通货膨胀”。

"The Fed is going from QT to QE for treasuries. And tariffs don't matter cause 'transitory inflation.' JAYPOW told me so. I'll expound on that in my next essay, that's the TLDR for your TikTok peanut brain," he said.

“美联储从QT到量化宽松的国债。杰普（Jaypow）告诉我。

The central bank kept interest rates steady at 4.25%-4.50% last Wednesday, with Chairman Jerome Powell bringing back the controversial term "transitory" to describe potential inflationary effects from new tariffs.

中央银行上周三将利率稳定在4.25％-4.50％，主席杰罗姆·鲍威尔（Jerome Powell）带回了有争议的术语“暂时性”，以描述新关税的潜在通货膨胀效应。

The Fed also announced plans to slow its quantitative tightening program beginning in April, cutting Treasury securities redemption limits from $25 billion to $5 billion monthly. This policy shift comes amid rising stagflation concerns.

美联储还宣布了计划从4月开始减慢其定量收紧计划的计划，将国库券的赎回限制从250亿美元降低到每月50亿美元。在滞水问题不断增加的情况下，这种政策转变是出现的。

The latest projections from the Fed show Gross Domestic Product growth slowing to 1.7% by 2025, compared to December's estimate of 2.1%, while core PCE inflation expectations rose from 2.5% to 2.8%.

美联储的最新预测显示，到2025年，国内生产总值的总增长速度降至1.7％，而12月的估计值为2.1％，而核心PCE通货膨胀预期从2.5％上升到2.8％。

"It’s simply too early to say with any degree of confidence that the inflationary effects will be transitory," criticized Allianz chief economic adviser Mohamed El-Erian, referring back to the Fed's 2022 blunder where they initially disregarded persistent inflation.

批评安联的首席经济顾问穆罕默德·埃里安（Mohamed El-Erian）批评说，现在有任何信心对通货膨胀的影响将是暂时的，还为时过早，这回到了美联储的2022年失误，最初无视持久通货膨胀。

However, economists warned that despite President Biden's administration announcing new tariffs on Sunday on Chinese goods, economists believe they will have a minimal impact on inflation.

但是，经济学家警告说，尽管拜登总统政府周日宣布了新的关税，但经济学家认为，他们对通货膨胀的影响最小。

"The S&P 500 index, tracked by SPDR S&P 500 (NYSE:SPY), closed 0.08% higher on Friday after Jerome Powell, chairman of the Federal Reserve, said at the Economic Club of New York that the U.S. could enter a recession this year despite a strong jobs market, as the central bank attempts to cool inflation with higher interest rates," reported Benzinga.

“ SPDR S＆P 500（纽约证券交易所：间谍）追踪的标准普尔500指数在周五收盘上涨0.08％，此前美联储董事长杰罗姆·鲍威尔（Jerome Powell）在纽约的经济俱乐部表示，尽管中央银行试图与更高的利率降低利率，但美国尽管有强大的就业机会市场可能会进入纽约的经济俱乐部，但今年，尽管有一个强大的就业机会市场，但贝恩兹·贝恩兹（Benzinga）都报道了。”

The S&P 500 index, tracked by SPDR S&P 500 (NYSE:SPY), closed 0.08% higher on Friday after Jerome Powell, chairman of the Federal Reserve, said at the Economic Club of New York that the U.S. could enter a recession this year despite a strong jobs market, as the central bank attempts to cool inflation with higher interest rates.

SPDR S＆P 500（NYSE：SPY）追踪的标准普尔500指数在周五收盘上涨0.08％，此前美联储董事长杰罗姆·鲍威尔（Jerome Powell）在纽约的经济俱乐部表示，尽管中央银行试图降低利率降低利率，但美国仍可以在今年进入衰退，尽管这是一个强大的就业市场。

After reaching a 22-month low last week, Bitcoin surged past $85,000. Meanwhile, gold extended its record highs and remained stable at $3,020 per ounce.

上周达到22个月的低点后，比特币飙升了85,000美元。同时，黄金延长了创纪录的高点，并保持稳定，每盎司3,020美元。