昨天的FOMC會議結束後，AltCoins是否會繼續表現不佳的比特幣（BTC）？

自2025年初以來，Altcoin市場在很大程度上表現不佳，專家認為類似的情況可以繼續

The crypto market has reacted positively to the latest FOMC meeting, where Fed Chair Jerome Powell announced keeping interest rates unchanged.

加密市場對最新的FOMC會議做出了積極的反應，美聯儲主席杰羅姆·鮑威爾（Jerome Powell）宣布保持利率不變。

What Happened: At the FOMC meeting on Monday, May 7, Powell announced keeping interest rates in the range of 4.25%-4.5%, and there was no immediate reaction in the stock market to the news. However, the broader crypto market has reacted positively to this, with altcoins showing strength.

發生的事情：在5月7日星期一的FOMC會議上，鮑威爾宣布將利率保持在4.25％-4.5％的範圍內，股市對新聞沒有立即的反應。但是，更廣泛的加密貨幣市場對此做出了積極的反應，而山寨幣則表現出強度。

Ethereum (ETH) price is up 6%, moving to $1945 levels after a successful Pectra upgrade implementation on mainnet. Other digital assets are also showing modest 3-5% gains.

以太坊（ETH）的價格上漲了6％，在Mainnet成功實施Pectra升級後，上升到了1945美元。其他數字資產也顯示出適中的3-5％收益。

However, market analysts are not confident whether this momentum could continue for the next altseason. The altcoin market has shown a stark contrast to Bitcoin’s performance, with the top 140 tokens averaging a 58% decline since their peak on December 7, 2024, while Bitcoin has remained relatively stable, down only 3%. On the other hand, the Bitcoin dominance has surged from 49% to now at 65%, in the overall crypto market.

但是，市場分析師對下一個季節的勢頭是否可以繼續。 Altcoin市場與比特幣的性能形成了鮮明的對比，自2024年12月7日達到頂峰以來，前140個令牌平均下降了58％，而比特幣仍然相對穩定，僅下降了3％。另一方面，在整個加密貨幣市場中，比特幣優勢從49％升至現在的65％。

Related: Bitcoin Surges Above Key Resistance As FOMC Minutes Loom: What To Expect From BTC, ETH, ADA, DOGE And SOL Today?

相關：作為FOMC分鐘織機，比特幣激增高於關鍵的阻力：BTC，ETH，ADA，DOGE和SOL的期望是什麼？

How Will Altcoins Perform From Here?

Altcoins將如何從這裡表現出來？

At the FOMC meeting, Chair Powell also signaled that the central bank could begin cutting interest rates as early as this year, if the economy weakens significantly.

在FOMC會議上，鮑威爾（Powell）主席還表示，如果經濟大大削弱，央行最早可以在今年開始降低利率。

But in a recent interview, billionaire investor Stanley Druckenmiller expressed his skepticism over the Fed's ability to pivot towards rate cuts later in 2023.

但是在最近的一次採訪中，億萬富翁投資者斯坦利·德魯肯米勒（Stanley Druckenmiller）對美聯儲在2023年晚些時候削減速率的能力表示懷疑。

Druckenmiller, known for his successful macroeconomic investment strategies, highlighted the strength of the labor market and the sticky nature of inflation as factors that could deter the Fed from slashing rates.

Druckenmiller以其成功的宏觀經濟投資策略而聞名，他強調了勞動力市場的實力和通貨膨脹的粘性性質，這是可能阻止美聯儲降低速度的因素。

“I think it’s going to be very hard for the Fed to cut rates this year. People have gotten very focused on a rate cut, but I don’t see how they can cut rates this year. They might get one small, token cut in the fourth quarter, but I don’t see how they get to 25 basis points at the next meeting,” Druckenmiller said.

“我認為美聯儲今年很難降低費率。人們非常專注於降低稅率，但我看不到他們今年如何降低費率。他們可能會在第四季度獲得一個小的，象徵性的削減，但我看不到下次會議在下次會議上達到25個基點，” Druckenmiller說。 ”

His comments come as the Fed Chair announced keeping interest rates unchanged at the last meeting. The central bank is widely expected to pause its tightening cycle at the next meeting.

當美聯儲主席宣佈在上次會議上保持利率不變時，他的評論發表了。普遍預計中央銀行將在下一次會議上停止其收緊週期。

suggest that the broader crypto market may be preparing for a significant shift in favor of Bitcoin.

表明，更廣泛的加密市場可能正在為有利於比特幣的重大轉變做準備。

Bitcoin Dominance Grows Amid Tightening Macro Conditions

在收緊宏觀條件的情況下，比特幣的優勢增長

Renowned crypto analyst Benjamin Cowen has issued a cautious outlook for altcoins relative to Bitcoin, forecasting continued declines in altcoin-to-Bitcoin (ALT/BTC) pairs as quantitative tightening (QT) persists.

著名的加密分析師本傑明·科恩（Benjamin Cowen）對比特幣發行了對替代幣的謹慎前景，預測在altcoin-to-bitcoin（alt/btc）配對中持續下降，因為定量擰緊（QT）持續。

Cowen projected that Bitcoin dominance could soon rise to 66%, reflecting a potential shift in market capital toward Bitcoin at the expense of alts. “ALT/BTC pairs are likely to drop to 0.32 from their current level of 0.34, with an eventual target of 0.25,” Cowen stated.

Cowen預計比特幣的優勢很快可能會上升到66％，這反映了市值以犧牲Alts為代價向比特幣轉移。 Cowen說：“ ALT/BTC對可能從目前的0.34水平下降到0.32，最終目標為0.25。”

Thus, amid the tightening macro conditions, Bitcoin turns out to be a preferred asset for trading among investors. Another crypto analyst, Rekt Capital, mentions that Bitcoin dominance is approaching a critical resistance level, expecting it to surge to 71%, before the altseason begins.

因此，在收緊宏觀條件下，比特幣是投資者交易的首選資產。另一位加密分析師Rekt Capital提到比特幣的優勢正在接近關鍵的抵抗水平，預計在Altseason開始之前，它將升至71％。

Traders are keeping a close eye on Bitcoin dominance as it edges closer to this pivotal level. It will be interesting to see whether alts can continue with this rally ahead.

交易者密切關注比特幣的優勢，因為它更接近這個關鍵水平。看看Alts是否可以繼續進行這次集會，這將很有趣。