当市场消化美国最新通货膨胀数据时，比特币下降

比特币本周正遇到新的压力，随着市场消化美国最新通货膨胀数据，今天降低了1.8％。

Bitcoin (BTC) experienced renewed pressure on Monday, declining by 1.8% as markets digested the latest U.S. inflation data.

比特币（BTC）周一遭受了新的压力，随着市场消化了美国最新通货膨胀数据，比特币（BTC）下降了1.8％。

The crypto firstborn has retested the support at $101,000 level. This pullback coincides with the U.S. Bureau of Labor Statistics’ release of the April Producer Price Index (PPI), which revealed weaker-than-expected inflation at the producer level.

加密前长子已重新测试了101,000美元的支持。这种回调恰逢美国劳工统计局的《四月生产商价格指数》（PPI）的发布，该指数揭示了生产商一级的通货膨胀率较弱。

Specifically, the PPI dropped by 0.5% on a monthly basis, marking the sharpest decline since the series began. Over the past 12 months, the index rose just 2.3%. Notably, this is a signal that upstream inflationary pressures are easing more rapidly than experts expect.

具体而言，PPI每月下降了0.5％，这标志着该系列赛开始以来的最高下降。在过去的12个月中，该指数仅增长2.3％。值得注意的是，这表明上游通货膨胀压力的速度比专家预期的要快。

US Core PPI falls to 2.4%, lower than expectations.

美国核心PPI降至2.4％，低于预期。

Most of April’s PPI decline came from a massive 0.7% drop in final demand services, while goods prices held steady. Notably, trade service margins fell by 1.6%, with machinery and vehicle wholesaling plunging over 6%.

4月的大部分PPI下降来自最终需求服务的0.7％下降，而商品价格稳定。值得注意的是，贸易服务利润率下降了1.6％，机械和车辆批发的暴跌超过6％。

Further, a sharp 39.4% collapse in egg prices also contributed to the overall decline in food-related producer prices. Meanwhile, core PPI, which strips out volatile food, energy, and trade services, ticked down 0.1%, the first such decline since April 2020.

此外，鸡蛋价格急剧下跌39.4％也导致食品相关生产商价格的总体下降。同时，脱离挥发性食品，能源和贸易服务的Core PPI下降了0.1％，这是自2020年4月以来的首次下降。

These figures arrived just two days after the release of the April Consumer Price Index (CPI), which painted a similarly lower inflation picture. Specifically, headline CPI rose 0.2% for the month, bringing the annual inflation rate down to 2.3%, its lowest since February 2021.

这些数字在四月消费者价格指数（CPI）发布后仅两天就到达，该指数绘制了同样较低的通货膨胀图片。具体而言，本月的标题CPI增长了0.2％，使年度通货膨胀率降至2.3％，这是自2021年2月以来最低的。

Core CPI, which excludes food and energy, also rose 0.2% month-over-month and stood at 2.8% year-over-year. Also, egg prices at the consumer level fell 12.7%, though they remain significantly elevated, up over 49% from the same time last year.

不包括粮食和能源的Core CPI也会在月超月份上涨0.2％，同比为2.8％。同样，消费者水平的鸡蛋价格下跌了12.7％，尽管它们的涨幅显着升高，比去年同期增长了49％以上。

Notably, these two gauges are fundamentally different. The CPI shows price changes experienced by consumers at the retail level, directly impacting household expenses. In contrast, the PPI measures wholesale price changes that affect producers.

值得注意的是，这两个仪表根本不同。 CPI显示了消费者在零售水平上经历的价格变化，直接影响家庭费用。相比之下，PPI衡量影响生产者的批发价格变化。

Interestingly, the dual release of soft CPI and PPI data has triggered speculation about the Federal Reserve’s interest rate decisions. As producer and consumer inflation both ease, the central bank may find new flexibility to consider rate cuts later in 2025.

有趣的是，软CPI和PPI数据的双重释放引发了人们对美联储的利率决策的猜测。由于生产商和消费者通货膨胀均可轻松，中央银行可能会发现新的灵活性来考虑2025年晚些时候降低速率。

Such decisions could impact Bitcoin and broader crypto markets. Historically, Bitcoin has responded positively to looser monetary policy, as lower interest rates reduce the opportunity cost of holding non-yielding assets like crypto.

这样的决定可能会影响比特币和更广泛的加密市场。从历史上看，比特币对更宽松的货币政策做出了积极的反应，因为较低的利率降低了持有Crypto等非收益资产的机会成本。

If the Federal Reserve moves toward easing later this year, crypto markets could benefit from increased risk appetite and capital flows. However, there is still uncertainty. The Trump administration’s tariffs could still act as a potential inflationary wildcard that could complicate the Fed’s path forward.

如果美联储在今年晚些时候放松，加密货币市场可能会受益于增加的风险食欲和资本流动。但是，仍然存在不确定性。特朗普政府的关税仍然可以充当潜在的通货膨胀通配符，这可能会使美联储的前进道路复杂化。

Additionally, Bitcoin’s short-term technicals show vulnerability around the $101,000 support level, which, if broken, could lead to further downside despite bullish macroeconomic tailwinds.

此外，比特币的短期技术表明，在101,000美元的支持水平上显示了脆弱性，如果破碎，尽管宏伟的宏观经济偏执，但它可能会导致进一步的缺点。

Bitcoin, which surged to a five-month high of $105,000 on May 12, is currently trading at $101,660. Despite the dip, Bitcoin remains up 8.26% for May and has gained 9.17% year-to-date, though it has slipped 2.06% over the past week.

比特币在5月12日飙升至5月的105,000美元高点，目前为101,660美元。尽管下降了，但5月的比特币仍增长了8.26％，并且逐渐上涨了9.17％，尽管过去一周的下滑2.06％。