加密货币部门大部分时间都是平坦的，因为短暂的集会比我们希望美国通货膨胀数据迅速失去动力更好。

比特币（BTC）的交易价格为82,800美元，在过去24小时内下跌0.5％。在同一时期，Coindesk 20（不包括交易所硬币，稳定币和成员的十大加密货币指数）在同一时期降低了0.8％。

The crypto sector was mostly flat for the day, as a short rally following better than hoped U.S. inflation data quickly lost steam. Bitcoin (BTC) is trading at $82,800, down 0.5% in the last 24 hours. The CoinDesk 20 — an index of the top 20 cryptocurrencies excluding exchange coins, stablecoins and memecoins — is lower by 0.8% in the same period of time.

加密货币部门大部分时间都是平坦的，因为短暂的集会比我们希望美国通货膨胀数据迅速失去动力更好。比特币（BTC）的交易价格为82,800美元，在过去24小时内下跌0.5％。在同一时期，Coindesk 20（不包括交易所硬币，稳定币和成员的十大加密货币指数）在同一时期降低了0.8％。

Pulling that broader gauge lower was ether (ETH) is the worst performing asset in the index and currently off 3.5% to roughly $1,880. At 0.022, the ETH/BTC ratio is now at the same level as it was in April 2020, right before DeFi summer brought projects such as Uniswap and MakerDao into the spotlight. The ETH/BTC ratio has plunged a staggering 67% since its all-time high in November 2021.

在较低的范围内提取较宽的量规是该指数中表现最差的资产，目前降低了3.5％，至约1,880美元。 ETH/BTC的比率为0.022，现在与2020年4月相同的水平，就在Defi Summer将Uniswap和Makerdao等项目带到了焦点之前。自2021年11月以来，ETH/BTC的比率下降了67％。

Also noteworthy is that the Department of Government Efficiency (DOGE) has begun laying off employees in preparation for the upcoming round of budgetary cuts.

还值得注意的是，政府效率部（Doge）已开始为即将到来的预算削减准备工作做准备。

"Today's lower-than-expected CPI should be bullish, signaling faster rate cuts, but crypto hasn't reacted strongly, perhaps due to persistent market fear or anticipation of a single good print to regain confidence," Dr. Youwei Yang, Chief Economist at BIT Mining told CoinDesk.

Bit Mining首席经济学家Youwei Yang博士告诉Coindesk。

"The real issue is Trump's aggressive tariffs, which risk making inflation stickier while also crashing markets. This puts the Fed in a bind: High inflation from tariffs makes rate cuts harder. Market crashes and job losses pressure the Fed to cut rates sooner. Cutting too early could reignite inflation, making future policy tougher."

“真正的问题是特朗普的积极关税，这种关税有可能使通货膨胀率更高，同时又崩溃了市场。这使美联储陷入困境：高关税的高通货膨胀使税率更加降低。市场崩溃和提高税率更快地降低费率的市场损失压力。降低过早的降低可能会重新降低通货膨胀，使未来的政策变得更加艰难。”

The market currently expects the Federal Reserve to restart rate cuts, perhaps as soon as May or June, with the possibility of as many of 100 basis points in cuts by October.

该市场目前预计美联储可能会在5月或6月重新降低降低税率，并可能在10月之前削减100个基点。

U.S. stocks enjoyed a modest bounce on Wednesday after a roughly 10% plunge over the past few weeks. The Nasdaq closed with a 1.2% advance while the S&P 500 managed a 0.5% gain.

在过去的几周中，美国股票在大约10％的跌幅之后，在周三享受了谦虚的反弹。纳斯达克以1.2％的进步结束，而标准普尔500指数的收益为0.5％。