美联储维持利率不变，比特币进一步暴跌

尽管备受期待的美联储宣布将利率维持在5.25%-5.50%不变，但比特币（BTC）继续经历下跌趋势。利率暂缓措施的缺乏，加上持续存在的通胀担忧，进一步抑制了比特币的情绪，导致比特币在过去 24 小时内回升 0.25%，在过去一周下跌 8%。

Federal Reserve Maintains Interest Rates, Exacerbating Bitcoin's Downward Spiral

美联储维持利率不变，加剧比特币的下行螺旋

On Tuesday, the United States Federal Reserve announced its decision to hold interest rates steady within the 5.25%-5.50% range, a widely anticipated move given the recent inflation data and statements from Central Bank Chair Jerome Powell.

周二，美国联邦储备委员会宣布决定将利率稳定在 5.25%-5.50% 的范围内，考虑到最近的通胀数据和央行主席杰罗姆·鲍威尔的声明，这一举措受到广泛预期。

The decision comes amidst concerns over rising inflation, with the Consumer Price Index (CPI) report for March indicating a 3.8% increase in core inflation and a 3.5% increase in headline inflation, significantly higher than previous figures.

这一决定是在对通胀上升的担忧之际作出的，3月份消费者价格指数（CPI）报告显示核心通胀率上升3.8%，总体通胀率上升3.5%，显着高于之前的数据。

Powell has repeatedly emphasized that interest rate cuts will only be considered if there is "greater confidence that inflation is moving sustainably toward 2%." As the most recent data suggests otherwise, the Fed has opted to maintain the status quo for the time being.

鲍威尔一再强调，只有“对通胀持续接近2%更有信心”，才会考虑降息。正如最新数据所表明的那样，美联储选择暂时维持现状。

However, the central bank has indicated its willingness to "carefully assess incoming data and the evolving outlook" before making any adjustments to the rate parameters. Some analysts speculate that the approaching US Presidential election could prompt the government to consider rate cuts as a means of appeasing voters and businesses.

然而，央行已表示愿意在对利率参数进行任何调整之前“仔细评估传入数据和不断变化的前景”。一些分析人士推测，即将到来的美国总统选举可能会促使政府考虑降息，以此作为安抚选民和企业的手段。

Bitcoin's Continued Decline

比特币持续下跌

Since the halving event, Bitcoin's value has been on a downward trajectory, dragging the entire cryptocurrency market down with it. The slump has been evident in the US spot Bitcoin exchange-traded fund (ETF) market, where outflows have overshadowed inflows, breaking BlackRock's streak of positive inflows. The lackluster performance of newly launched spot Bitcoin and Ethereum (ETH) ETFs in Hong Kong has also been attributed to the declining prices.

自减半事件以来，比特币的价值一直处于下跌趋势，拖累了整个加密货币市场。美国现货比特币交易所交易基金（ETF）市场的下滑十分明显，资金流出超过了资金流入，打破了贝莱德连续的正资金流入记录。香港新推出的现货比特币和以太坊 (ETH) ETF 表现不佳也归因于价格下跌。

As of Wednesday, 11:00 AM UTC, Bitcoin is trading at $57,800, showing a slight 0.25% recovery over the past 24 hours. Despite the modest gain, the cryptocurrency remains approximately 8% and 12% below its seven-day and one-month values, respectively.

截至周三上午 11:00 UTC，比特币交易价格为 57,800 美元，在过去 24 小时内小幅回升 0.25%。尽管涨幅不大，但该加密货币仍分别比 7 天和 1 个月的价值低约 8% 和 12%。

Grayscale Investments Head of Research Zach Pandl believes that the current interest rate environment has favored the US dollar and negatively impacted Bitcoin. However, he suggests that sentiment could shift towards Bitcoin if optimism surrounding interest rate cuts gains momentum.

Grayscale Investments 研究主管 Zach Pandl 认为，当前的利率环境有利于美元，但对比特币产生了负面影响。然而，他表示，如果围绕降息的乐观情绪增强，市场情绪可能会转向比特币。

Contrarian Viewpoints

逆向观点

SchiffGold CEO Peter Schiff, known for his skepticism towards Bitcoin, has seized the opportunity to criticize the cryptocurrency. In his view, Bitcoin's decline signals the end of its bull run, emphasizing its 23% decrease in dollar value and 33% decrease when measured against gold, with one Bitcoin now worth less than 25 ounces. Schiff's analysis suggests a bearish shift in market sentiment towards Bitcoin.

SchiffGold 首席执行官彼得·希夫 (Peter Schiff) 以对比特币持怀疑态度而闻名，他抓住了这个机会批评这种加密货币。在他看来，比特币的下跌标志着牛市的结束，强调其美元价值下跌了 23%，以黄金衡量则下跌了 33%，目前 1 个比特币的价值不到 25 盎司。希夫的分析表明，市场情绪转向比特币。

Despite the hype surrounding Bitcoin ETFs, the cryptocurrency's price action indicates a clear bear market. The decline raises concerns about its future trajectory and能否 recover from its recent losses.

尽管围绕比特币 ETF 进行了大肆宣传，但加密货币的价格走势表明了明显的熊市。这种下跌引发了人们对其未来轨迹以及能否从近期损失中恢复的担忧。