在通货膨胀数据令人惊讶的情况下，比特币低迷

美国最新的通货膨胀数据比预期的要高，触发股票和加密货币市场的下降。

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.

比特币（BTC）的价格对当今预期的美国消费者价格指数（CPI）报告的反应迅速，从96,600美元下降到低至94,088美元。值得注意的是，由于唐纳德·特朗普（Donald Trump）对所有铝和钢铁进口的征收关税，BTC由于升级地缘政治紧张局势而逐渐下降。

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.

美国最新的通货膨胀数据比预期的要高，触发股票和加密货币市场的下降。 1月份的CPI不超过预期的0.3％，而是12月份的阅读量增长了0.5％。

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

相对阅读：比特币承受DeepSeek DIP和FOMC波动性 - 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.

以同比的基础，通货膨胀率上升了3％，超过了2.9％的预测。对于那些不熟悉的人，CPI衡量消费者随着时间的推移为商品和服务支付的平均价格变化，这是通货膨胀的关键指标。

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%.

同时，一月份不包括食品和能源成本的Core CPI增长了0.4％，超过了预期的0.3％增长。同比，Core CPI攀升了3.3％，高于预测的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%.

结果，美国股票跟随加密货币市场的低迷，报告后股票指数期货在报告后下降了约1％。另一方面，10年的国库收益率跃升了10个基点，达到4.63％，而美元指数（DXY）增强了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发布后，现在市场的价格在2025年剩余时间内以更少或可能从美联储降低的价格较少。

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.

资本经济学的保罗·阿什沃思（Paul Ashworth）认为，今年的削减看起来越来越不可能。 “由于关税可能会使PCE通货膨胀率接近或以上今年3％，因此美联储至少将在接下来的12个月内站立。”财政收益率上升了通货膨胀数据，并保持了收益，10年期为4.651％，这是自1月中旬以来最高收盘价的道路。

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为BTC等风险资产带来额外的下行风险。美联储主席杰罗姆·鲍威尔（Jerome Powell）昨天在国会作证，强调，在可预见的将来，中央银行的削减仍然不可能。

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

相对阅读：在纳斯达克股票下降的情况下，比特币保持稳定，分析师称其为“极度看涨”

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数据发布后，加密分析师Purrynft分享了对BTC价格变动的见解。分析师指出，尽管通货膨胀率仍然超过美联储的2％目标，但特朗普正在推动削减速度以刺激经济。

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.

美联储和特朗普之间持续的摩擦可能会增加市场波动，可能会将BTC进一步降至92,000美元。此外，美国最近的就业报告对支持比特币的价格并不是什么可做的。

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，最近的一份密码报告称，在特朗普政府下，BTC可能会在145,000至249,000美元之间飙升。发稿时，BTC的交易价格为95,240美元，在过去24小时内增长了0.8％。