美联储暗示 2025 年降息放缓后，比特币跌破 92,000 美元

周五上午，领先的加密货币交易价格为 94,104.06 美元，较过去一天下跌约 7.7%。自本周初以来，比特币已下跌超过 10%

Bitcoin price fell sharply early Friday morning before recovering some ground, as the Federal Reserve signaled a slowdown in interest rate cuts for 2025.

由于美联储暗示 2025 年降息步伐放缓，比特币价格周五凌晨大幅下跌，随后收复部分失地。

The world’s largest cryptocurrency traded at $94,104.06 on Friday morning, down about 7.7% over the past day. Bitcoin has slumped more than 10% since the start of the week, when it hit highs of more than $106,000.

周五上午，全球最大的加密货币交易价格为 94,104.06 美元，较过去一天下跌约 7.7%。自本周初触及 106,000 美元以上高点以来，比特币已下跌超过 10%。

Ether, the second-largest cryptocurrency by volume, was down 12% to $3,237.77. Other major digital assets, including Solana and Cardano, similarly saw double-digit declines in value over the last 24 hours.

按交易量计算的第二大加密货币以太币下跌 12%，至 3,237.77 美元。包括 Solana 和 Cardano 在内的其他主要数字资产在过去 24 小时内的价值也出现了两位数的下跌。

The losses come after the Fed’s third and final interest rate cut of the year. On Wednesday, the Federal Open Market Committee voted to reduce the federal funds rate by a quarter point, to between 4.25% and 4.50%.

这些损失是在美联储今年第三次也是最后一次降息之后发生的。周三，联邦公开市场委员会投票决定将联邦基金利率降低四分之一个百分点，至 4.25% 至 4.50% 之间。

While lower interest rates tends to favor markets, even cryptocurrencies, because they improve investors’ appetite for risk and create excess capital used for investments, Bitcoin has taken a hit this week.

虽然较低的利率往往有利于市场，甚至是加密货币，因为它们提高了投资者的风险偏好并创造了用于投资的过剩资本，但比特币本周却受到了打击。

That’s because the central bank returned its focus to concerns about inflation, which is still running hotter than the Fed had hoped for just a few months ago. The Fed indicated in its updated Summary of Economic Projections on Wednesday that, given quarter-point cuts, it could carry out just two reductions of the federal funds rate in 2025. That’s half the number it had previously expected.

这是因为央行将注意力重新转移到对通胀的担忧上，而通胀仍然比美联储几个月前的预期要高。美联储在周三更新的经济预测摘要中表示，考虑到降息 25 个百分点，到 2025 年联邦基金利率可能只会下调两次。这只是其此前预期数字的一半。

“With today’s action, we have lowered our policy rate by a full percentage point from its peak and our policy stance is now significantly less restrictive,” Fed Chair Jerome Powell said in a new conference Wednesday. “We can therefore be more cautious as we consider further adjustments to our policy rate.”

美联储主席杰罗姆·鲍威尔在周三的新会议上表示：“通过今天的行动，我们已将政策利率从峰值降低了整整一个百分点，我们的政策立场现在的限制性明显减少。” “因此，在考虑进一步调整政策利率时，我们可以更加谨慎。”

Central bankers also raised their inflation forecasts as year-end 2024 expectations have, in Powell’s words, “kind of fallen apart.” The Fed is now projecting headline inflation of 2.4%, a slight increase from 2.3% anticipated in September, and core inflation of 2.8%, up from 2.6%. The Fed also raised its 2024 GDP growth projection to 2.5%.

央行行长们还上调了通胀预期，因为用鲍威尔的话说，2024 年年底的预期“有点分崩离析”。美联储目前预计总体通胀率为 2.4%，略高于 9 月份预期的 2.3%，核心通胀率为 2.8%，高于 2.6%。美联储还将2024年GDP增​​长预测上调至2.5%。

While Bitcoin has historically fared well against inflation, economic uncertainty and resurgent inflation fears can drive investors away from riskier assets and toward safer bets such as Treasury notes.

尽管比特币历来在对抗通胀方面表现良好，但经济不确定性和通胀担忧再度抬头可能会促使投资者远离风险较高的资产，转向国债等更安全的投资。

In his news conference, Powell also cast doubt on the feasibility of President-elect Donald Trump’s vows to set up a strategic Bitcoin reserve.

鲍威尔在新闻发布会上还对当选总统唐纳德·特朗普建立比特币战略储备的誓言的可行性表示怀疑。

“We are not allowed to own Bitcoin,” he told reporters. “The Federal Reserve says what we can own and we’re not looking for a law change. That’s the kind of thing for Congress to consider but we are not looking for a law change at the Fed.”

“我们不被允许拥有比特币，”他告诉记者。 “美联储规定了我们可以拥有什么，我们并不寻求改变法律。这是国会需要考虑的事情，但我们并不寻求美联储修改法律。”

Trump embraced cryptocurrencies during his campaign, pitching himself as the “crypto candidate” and “crypto president” while courting tech leaders.

特朗普在竞选期间拥抱加密货币，将自己定位为“加密货币候选人”和“加密货币总统”，同时向科技领袖示好。

In addition to promising a strategic national Bitcoin reserve, Trump has called for all Bitcoin to be mined in the U.S., and attached his name to multiple crypto projects throughout the year.

除了承诺建立战略性的国家比特币储备外，特朗普还呼吁所有比特币都在美国开采，并全年将他的名字与多个加密项目联系在一起。

Trump has tapped Paul Atkins, a cryptocurrency advocate, to replace Securities and Exchange Commission Chair Gary Gensler. Atkins, who now leads the consulting firm Patomak Global Partners, has chaired The Digital Chamber’s Token Alliance since 2017, which was charged with advocating best practices and recommending legal frameworks that promote the crypto industry.

特朗普任命加密货币倡导者保罗·阿特金斯 (Paul Atkins) 接替美国证券交易委员会主席加里·詹斯勒 (Gary Gensler)。阿特金斯现任咨询公司 Patomak Global Partners 的负责人，自 2017 年以来一直担任数字商会代币联盟的主席，该联盟负责倡导最佳实践并推荐促进加密行业发展的法律框架。