在通貨膨脹數據令人驚訝的情況下，比特幣低迷

美國最新的通貨膨脹數據比預期的要高，觸發股票和加密貨幣市場的下降。

Bitcoin (BTC) price reacted sharply to today’s hotter-than-expected US Consumer Price Index (CPI) report, dropping from around $96,600 to as low as $94,088. Notably, BTC was already trending downward due to escalating geopolitical tensions following Donald Trump’s proposed tariffs on all aluminum and steel imports.

比特幣（BTC）的價格對當今預期的美國消費者價格指數（CPI）報告的反應迅速，從96,600美元下降到低至94,088美元。值得注意的是，由於唐納德·特朗普（Donald Trump）對所有鋁和鋼鐵進口的徵收關稅，BTC由於升級地緣政治緊張局勢而逐漸下降。

The latest US inflation data came in higher than anticipated, triggering declines in both equity and cryptocurrency markets. Instead of the expected 0.3% increase, the CPI rose by 0.5% in January, compared to December’s 0.4% reading.

美國最新的通貨膨脹數據比預期的要高，觸發股票和加密貨幣市場的下降。 1月份的CPI不超過預期的0.3％，而是12月份的閱讀量增長了0.5％。

Relative Reading: Bitcoin Withstands DeepSeek Dip And FOMC Volatility – How Close Is A New ATH?

相對閱讀：比特幣承受DeepSeek DIP和FOMC波動性 - 新ATH有多近？

On a year-over-year (YoY) basis, inflation climbed 3%, exceeding forecasts of a 2.9% increase. For those unfamiliar, the CPI measures the average change in prices consumers pay for goods and services over time and is a key indicator of inflation.

以同比的基礎，通貨膨脹率上升了3％，超過了2.9％的預測。對於那些不熟悉的人，CPI衡量消費者隨著時間的推移為商品和服務支付的平均價格變化，這是通貨膨脹的關鍵指標。

Meanwhile, Core CPI – which excludes food and energy costs – rose by 0.4% in January, surpassing the expected 0.3% gain. YoY, Core CPI climbed 3.3%, higher than the forecasted 3.1%.

同時，一月份不包括食品和能源成本的Core CPI增長了0.4％，超過了預期的0.3％增長。同比，Core CPI攀升了3.3％，高於預測的3.1％。

As a result, US stocks followed the crypto market downturn, with stock index futures falling roughly 1% after the report. On the other hand, the 10-year Treasury yield jumped 10 basis points to 4.63%, while the Dollar Index (DXY) strengthened by 0.5%.

結果，美國股票跟隨加密貨幣市場的低迷，報告後股票指數期貨在報告後下降了約1％。另一方面，10年的國庫收益率躍升了10個基點，達到4.63％，而美元指數（DXY）增強了0.5％。

Following the CPI release, markets are now pricing in fewer or possibly no interest rate cuts from the Federal Reserve for the remainder of 2025. In an X post, financial journalist Walter Bloomberg noted:

CPI發布後，現在市場的價格在2025年剩餘時間內以更少或可能從美聯儲降低的價格較少。

Capital Economics’ Paul Ashworth thinks a cut this year looks increasingly unlikely. “With tariffs likely to keep core PCE inflation close to, or above, 3% this year now, the Fed will stand pat for at least the next 12 months.” Treasury yields jumped on the inflation data and are holding on to their gains, with the 10-year at 4.651%, on path for its highest close since mid-January.

資本經濟學的保羅·阿什沃思（Paul Ashworth）認為，今年的削減看起來越來越不可能。 “由於關稅可能會使PCE通貨膨脹率接近或以上今年3％，因此美聯儲至少將在接下來的12個月內站立。”財政收益率上升了通貨膨脹數據，並保持了收益，10年期為4.651％，這是自1月中旬以來最高收盤價的道路。

A reduced likelihood of rate cuts poses additional downside risk for risk-on assets like BTC. Further compounding this uncertainty, Federal Reserve Chair Jerome Powell testified before Congress yesterday, emphasizing that central bank rate cuts remain unlikely in the foreseeable future.

降低率的可能性降低為BTC等風險資產帶來額外的下行風險。美聯儲主席杰羅姆·鮑威爾（Jerome Powell）昨天在國會作證，強調，在可預見的將來，中央銀行的削減仍然不可能。

Relative Reading: Bitcoin Holds Steady Amid NASDAQ Decline, Analyst Calls It ‘Extremely Bullish’

相對閱讀：在納斯達克股票下降的情況下，比特幣保持穩定，分析師稱其為“極度看漲”

Crypto analyst HurryNFT shared insights on BTC’s price movement following the CPI data release. The analyst noted that while inflation remains above the Fed’s 2% target, Trump is pushing for rate cuts to stimulate the economy.

CPI數據發布後，加密分析師Purrynft分享了對BTC價格變動的見解。分析師指出，儘管通貨膨脹率仍然超過美聯儲的2％目標，但特朗普正在推動削減速度以刺激經濟。

The ongoing friction between the Federal Reserve and Trump could increase market volatility, potentially pushing BTC further down to $92,000. Moreover, the recent US employment report did little to support Bitcoin’s price.

美聯儲和特朗普之間持續的摩擦可能會增加市場波動，可能會將BTC進一步降至92,000美元。此外，美國最近的就業報告對支持比特幣的價格並不是什麼可做的。

On the contrary, however, a recent CryptoQuant report posits that BTC may surge to anywhere between $145,000 to $249,000 under the Trump administration. At press time, BTC trades at $95,240, up 0.8% in the past 24 hours.

但是，相反，最近的一份密碼報告稱，在特朗普政府下，BTC可能會在145,000至249,000美元之間飆升。發稿時，BTC的交易價格為95,240美元，在過去24小時內增長了0.8％。