降息担忧回归，比特币跌破 10 万美元，隔夜跌幅扩大

比特币周三下跌，延续了隔夜跌势，抹去了近期的反弹，因为人们对 2025 年降息速度放缓的担忧加剧，引发了风险驱动资产的严重损失。

Bitcoin fell Wednesday, extending overnight losses and wiping out a recent rebound as deep losses across risk-driven assets were sparked by heightened concerns over slower interest rate cuts in 2025.

比特币周三下跌，延续了隔夜跌幅，抹去了近期的反弹，原因是人们对 2025 年降息速度放缓的担忧加剧，引发了风险驱动型资产的大幅亏损。

The world’s largest cryptocurrency had briefly risen past the coveted $100,000 level as it marked an extended recovery from a late-December rout. But Tuesday and Wednesday’s losses saw the crypto wipe out the entirety of its recovery, putting it back in sight of late-December lows.

全球最大的加密货币曾一度突破令人垂涎的 10 万美元水平，标志着从 12 月底的暴跌中进一步复苏。但周二和周三的下跌让该加密货币抹去了其全部复苏势头，使其回到 12 月底的低点。

Bitcoin fell 0.3% to $96,607.7 by 00:49 ET (05:49 GMT), after losing over 5% on Tuesday.

比特币在周二下跌超过 5% 后，截至东部时间 00:49（格林尼治标准时间 05:49）下跌 0.3% 至 96,607.7 美元。

The crypto was also subject to some profit-taking after logging a stellar 2024. A bulk of Bitcoin’s gains came after Donald Trump’s victory in the presidential election, given that he had promised to enact crypto-friendly policies.

在 2024 年表现出色后，加密货币也受到了一些获利回吐的影响。比特币的大部分涨幅来自唐纳德·特朗普在总统选举中获胜后，因为他曾承诺制定有利于加密货币的政策。

But crypto markets were now awaiting more cues on Trump’s policy plans, as he takes office on January 20.

但随着特朗普 1 月 20 日上任，加密市场现在正在等待有关特朗普政策计划的更多线索。

Bitcoin fell on Wednesday, extending overnight losses and wiping out a recent rebound as heightened concerns over slower interest rate cuts in 2025 sparked deep losses across risk-driven assets.

比特币周三下跌，延续了隔夜跌势，抹去了近期的反弹，因为人们对 2025 年降息速度放缓的担忧加剧，引发了风险驱动资产的严重损失。

The world’s largest cryptocurrency had briefly risen past the coveted $100,000 level as it marked an extended recovery from a late-December rout. But Tuesday and Wednesday’s losses saw the crypto wipe out the entirety of its recovery, putting it back in sight of late-December lows.

全球最大的加密货币曾一度突破令人垂涎的 10 万美元水平，标志着从 12 月底的暴跌中进一步复苏。但周二和周三的下跌让该加密货币抹去了其全部复苏势头，使其回到 12 月底的低点。

Bitcoin fell 0.3% to $96,607.7 by 00:49 ET (05:49 GMT), after losing over 5% on Tuesday.

比特币在周二下跌超过 5% 后，截至东部时间 00:49（格林尼治标准时间 05:49）下跌 0.3% 至 96,607.7 美元。

The crypto was also subject to some profit-taking after logging a stellar 2024. A bulk of Bitcoin’s gains came after Donald Trump’s victory in the presidential election, given that he had promised to enact crypto-friendly policies.

在 2024 年表现出色后，加密货币也受到了一些获利回吐的影响。比特币的大部分涨幅来自唐纳德·特朗普在总统选举中获胜后，因为他曾承诺制定有利于加密货币的政策。

But crypto markets were now awaiting more cues on Trump’s policy plans, as he takes office on January 20.

但随着特朗普 1 月 20 日上任，加密市场现在正在等待有关特朗普政策计划的更多线索。

Rate jitters batter Bitcoin

利率波动打击比特币

Bitcoin losses came in tandem with broader risk-driven markets, as stronger-than-expected U.S. economic data fueled concerns that the Federal Reserve will cut interest rates at a slower pace in 2025.

比特币的下跌与更广泛的风险驱动市场同步出现，因为强于预期的美国经济数据引发了人们对美联储将在 2025 年以较慢的速度降息的担忧。

Job openings data for November read higher than expected, coming just days before nonfarm payrolls data for December, which is expected to offer more definitive cues on the labor market.

11 月份的职位空缺数据高于预期，几天后将公布 12 月份的非农就业数据，预计该数据将为劳动力市场提供更明确的线索。

Stronger-than-expected purchasing managers index data for December, while presenting a brighter picture of the U.S. economy, also pushed up concerns that inflation will remain sticky in the coming months, giving the Fed even more impetus to cut interest rates slowly.

强于预期的12月采购经理人指数数据虽然展现了美国经济更加光明的前景，但也加剧了人们对未来几个月通胀仍将保持粘性的担忧，为美联储缓慢降息提供了更多动力。

The central bank had slashed its outlook for interest rate cuts in 2025 during its December meeting, citing concerns over sticky inflation and confidence in the labor market.

央行在 12 月会议上大幅下调了 2025 年降息预期，理由是担心通货膨胀和劳动力市场信心不足。

Fed officials reiterated this messaging earlier this week.

美联储官员本周早些时候重申了这一信息。

Higher for longer rates bode poorly for speculative assets such as crypto, given that they limit the amount of liquidity that can be deployed into the sector. This trend had battered crypto markets through 2022 and most of 2023.

长期利率较高对于加密货币等投机资产来说是不利的，因为它们限制了可部署到该行业的流动性数量。这一趋势在 2022 年和 2023 年的大部分时间里都对加密货币市场造成了沉重打击。

Crypto price today: altcoins track Bitcoin losses

今日加密货币价格：山寨币追踪比特币损失

Broader crypto prices fell tracking Bitcoin, also wiping out a recovery seen over the past week. Losses in several major altcoins were far more pronounced than those seen in Bitcoin.

更广泛的加密货币价格跟随比特币下跌，也抹去了过去一周的复苏。几种主要山寨币的损失比比特币的损失要严重得多。

World no.2 crypto Ether fell 8.4% to $3,360.35, while world no.3 crypto XRP slid 5.1% to $2.3084.

世界排名第二的加密货币以太币下跌 8.4%，至 3,360.35 美元，而世界排名第三的加密货币 XRP 下跌 5.1%，至 2.3084 美元。

Compass Point Research analysts said Ether was likely to outpace Bitcoin this year, as friendlier U.S. regulations will see investors diversify beyond the world’s biggest cryptocurrency.

Compass Point Research 分析师表示，以太币今年可能会超过比特币，因为更友好的美国监管将使投资者多元化，超越全球最大的加密货币。

Solana, Cardano, and Polygon slid between 8% to 12%, while among meme tokens, Dogecoin tumbled 11%.

Solana、Cardano 和 Polygon 下跌 8% 至 12%，而 Meme 代币中，Dogecoin 下跌 11%。