Cryptocurrency Market Retreats After Inflation Data

通膨數據後加密貨幣市場回落

The cryptocurrency market has reversed gains made on Wednesday following the release of US inflation data. Bitcoin, after reaching $70,000, has fallen below $67,000. Many analysts believe a drop below $66,000 could trigger further declines to $64,000.

美國通膨數據公佈後，加密貨幣市場扭轉了周三的漲幅。比特幣在達到 7 萬美元後，已跌破 6.7 萬美元。許多分析師認為，跌破 66,000 美元可能會引發進一步跌至 64,000 美元。

Altcoins have also suffered, led by Ethereum, Solana, and XRP. Ethereum has lost 4.4% to $3,450, Solana 7% to $147, and XRP 3% to $0.48, according to CoinGecko.

以以太坊、Solana 和 XRP 為首的山寨幣也受到了影響。根據 CoinGecko 的數據，以太幣下跌 4.4% 至 3,450 美元，Solana 下跌 7% 至 147 美元，XRP 下跌 3% 至 0.48 美元。

Meme coins have not been spared, with Dogecoin and Shiba Inu leading the decline. Dogecoin has dropped below support at $0.14, while Shiba Inu risks falling below $0.00002.

Meme 幣也未能倖免，其中狗狗幣和柴犬幣跌幅最大。狗狗幣已跌破 0.14 美元的支撐位，而柴犬則有跌破 0.00002 美元的風險。

Factors Contributing to Bitcoin's Decline

導致比特幣下跌的因素

US inflation data, particularly the Consumer Price Index (CPI), was released on June 12 and came in slightly lower than expected. Initially, Bitcoin and altcoins reacted positively after a sharp drop to $66,000 on Tuesday.

美國通膨數據，特別是消費者物價指數（CPI）於6月12日公佈，略低於預期。比特幣和山寨幣在周二大幅跌至 66,000 美元後，最初反應積極。

However, the hawkish stance of the Federal Reserve following its FOMC meeting on Tuesday and Wednesday dampened bullish sentiment. Fed Chair Jerome Powell indicated that the central bank is not considering interest rate cuts at this time.

然而，聯準會在周二和周三的聯邦公開市場委員會會議後的強硬立場削弱了看漲情緒。聯準會主席鮑威爾表示，央行目前不考慮降息。

The FOMC members indicated a modest move towards an inflation target of 2% but emphasized that rate cuts are not yet imminent. US inflation has eased from its peak in 2022 and 2023, and Powell expressed confidence in the restrictive policy, stating that its effectiveness will become apparent in time.

聯邦公開市場委員會 (FOMC) 成員表示將向 2% 的通膨目標邁出適度步伐，但強調降息尚未迫在眉睫。美國通膨已從2022年和2023年的峰值回落，鮑威爾對限制性政策表示信心，並表示其有效性將隨著時間顯現。

PPI Data Fails to Ignite Market Momentum

PPI數據未能點燃市場動力

The Producer Price Index (PPI) data in the US showed that inflation is easing, beating economists' expectations. This is typically a positive sign for risky assets like crypto and stocks. However, Bitcoin and crypto prices failed to regain momentum, giving control back to sellers.

美國生產者物價指數（PPI）數據顯示通膨正在放緩，超出了經濟學家的預期。對於加密貨幣和股票等風險資產來說，這通常是一個積極的信號。然而，比特幣和加密貨幣價格未能恢復勢頭，將控制權交還給賣家。

Analysts from QCP Capital believe that investors are confused about the future market outlook, particularly with the Fed maintaining a hawkish stance on interest rates.

QCP Capital分析師認為，投資人對未來市場前景感到困惑，特別是在聯準會維持鷹派利率立場的情況下。