昨天的FOMC会议结束后，AltCoins是否会继续表现不佳的比特币（BTC）？

自2025年初以来，Altcoin市场在很大程度上表现不佳，专家认为类似的情况可以继续

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

加密市场对最新的FOMC会议做出了积极的反应，美联储主席杰罗姆·鲍威尔（Jerome Powell）宣布保持利率不变。

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.

发生的事情：在5月7日星期一的FOMC会议上，鲍威尔宣布将利率保持在4.25％-4.5％的范围内，股市对新闻没有立即的反应。但是，更广泛的加密货币市场对此做出了积极的反应，而山寨币则表现出强度。

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）的价格上涨了6％，在Mainnet成功实施Pectra升级后，上升到了1945美元。其他数字资产也显示出适中的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，市场分析师对下一个季节的势头是否可以继续。 Altcoin市场与比特币的性能形成了鲜明的对比，自2024年12月7日达到顶峰以来，前140个令牌平均下降了58％，而比特币仍然相对稳定，仅下降了3％。另一方面，在整个加密货币市场中，比特币优势从49％升至现在的65％。

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

相关：作为FOMC分钟织机，比特币激增高于关键的阻力：BTC，ETH，ADA，DOGE和SOL的期望是什么？

How Will Altcoins Perform From Here?

Altcoins将如何从这里表现出来？

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会议上，鲍威尔（Powell）主席还表示，如果经济大大削弱，央行最早可以在今年开始降低利率。

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.

但是在最近的一次采访中，亿万富翁投资者斯坦利·德鲁肯米勒（Stanley Druckenmiller）对美联储在2023年晚些时候削减速率的能力表示怀疑。

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以其成功的宏观经济投资策略而闻名，他强调了劳动力市场的实力和通货膨胀的粘性性质，这是可能阻止美联储降低速度的因素。

“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.

“我认为美联储今年很难降低费率。人们非常专注于降低税率，但我看不到他们今年如何降低费率。他们可能会在第四季度获得一个小的，象征性的削减，但我看不到下次会议在下次会议上达到25个基点，” Druckenmiller说。”

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.

当美联储主席宣布在上次会议上保持利率不变时，他的评论发表了。普遍预计中央银行将在下一次会议上停止其收紧周期。

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

表明，更广泛的加密市场可能正在为有利于比特币的重大转变做准备。

Bitcoin Dominance Grows Amid Tightening Macro Conditions

在收紧宏观条件的情况下，比特币的优势增长

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.

著名的加密分析师本杰明·科恩（Benjamin Cowen）对比特币发行了对替代币的谨慎前景，预测在altcoin-to-bitcoin（alt/btc）配对中持续下降，因为定量拧紧（QT）持续。

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预计比特币的优势很快可能会上升到66％，这反映了市值以牺牲Alts为代价向比特币转移。 Cowen说：“ ALT/BTC对可能从目前的0.34水平下降到0.32，最终目标为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，在收紧宏观条件下，比特币是投资者交易的首选资产。另一位加密分析师Rekt Capital提到比特币的优势正在接近关键的抵抗水平，预计在Altseason开始之前，它将升至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.

交易者密切关注比特币的优势，因为它更接近这个关键水平。看看Alts是否可以继续进行这次集会，这将很有趣。