The digital asset market began the week with widespread declines. Bitcoin (BTC) fell nearly 2% in 24 hours, pulling major altcoins down with it. XRP, Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) experienced drops of up to 5% before recovering. However, this dip may be a minor setback before more significant market movements.

數字資產市場始於本週，廣泛下降。比特幣（BTC）在24小時內下降了近2％，將主要的山寨幣撤下。 XRP，Solana（Sol），Cardano（Ada）和Dogecoin（Doge）在恢復之前的滴度最高為5％。 但是，在更大的市場變動之前，這種下降可能是一個小的挫折。

This week is crucial for global financial markets, with the Federal Reserve, inflation data, and Nvidia announcements taking center stage. Wall Street anticipates three rate cuts by year-end, with one expected in June. However, rising inflation concerns are casting doubt on a December cut.

本週對於全球金融市場至關重要，美聯儲，通貨膨脹數據和NVIDIA公告佔據了中心地位。 華爾街預計將按年底降低三稅，預計在6月會有1次降低。但是，通貨膨脹率上升的問題對12月的削減感到懷疑。

The market's direction remains uncertain. While slower growth might prompt the Fed to cut rates, rising inflation could lead them to maintain current levels. The market has been relatively quiet since last week's tariff-related turmoil, with traders concerned about the potential for a US recession due to trade policies. This has increased the correlation between crypto and equity markets, while consumer sentiment weakens.

市場的方向仍然不確定。 儘管較慢的增長可能會促使美聯儲降低利率，但通貨膨脹率上升可能會導致他們保持當前水平。 自上週與關稅相關的動盪以來，市場一直相對安靜，交易員擔心由於貿易政策而導致的美國衰退的潛力。這增加了加密和股票市場之間的相關性，而消費者情緒則削弱了。

Key Economic Events This Week:

本週的關鍵經濟事件：

1. February Retail Sales data – Monday
2. February Housing Starts data – Tuesday
3. Fed Interest Rate Decision/Statement – Wednesday
4. Initial Jobless Claims data – Thursday
5. Philly Fed Manufacturing data – Thursday
6. February Existing Home Sales data –

On Wednesday, the Fed's decision will be closely watched. While rates are expected to remain unchanged at 4.25%-4.5%, the accompanying economic projections and Chair Powell's press conference could significantly impact markets. Polymarket users predict a 99% chance of no rate cut on March 20th.

2月的零售數據 - 週一住房開始數據 - 週二的利率決策/聲明 - 週三的失業索賠數據 - 星期四，菲利美聯儲製造數據 - 週四現有的現有房屋銷售數據 - 週三，美聯儲的決定將受到密切關注。 雖然預計利率將保持不變，為4.25％-4.5％，但伴隨的經濟預測和鮑威爾主席的新聞發布會可能會對市場產生重大影響。 Polymarket用戶預測，3月20日，無率降低的機會有99％。

Simultaneously, Nvidia CEO Jensen Huang's GTC presentation is highly anticipated, given the surge in AI chip demand. Significant announcements could further boost AI-related stocks.

同時，鑑於AI芯片需求的激增，NVIDIA首席執行官Jensen Huang的GTC演示備受期待。 大量公告可以進一步提高與AI相關的股票。

Bitcoin ETFs Remain Relatively Stable

比特幣ETF保持相對穩定

The crypto market awaits this week's economic data. The total digital asset market capitalization dipped slightly in the past 24 hours to $2.73 trillion. Bitcoin's price is down 15% over the past 30 days, but it's holding relatively steady around the $83,000 level. Despite the volatility, some investors are still looking to "buy the dip."

加密貨幣市場正在等待本週的經濟數據。在過去的24小時內，數字資產市值的總價值略有下降，至2.73萬億美元。在過去的30天中，比特幣的價格下跌了15％，但在83,000美元的水平上，比特幣的價格相對穩定。儘管有波動性，但一些投資者仍在尋求“購買蘸醬”。

Analysis of Bitcoin ETF inflows and outflows reveals investor sentiment. From January 1st to February 6th, US BTC ETFs saw massive inflows of 56,802 BTC, reaching a peak of 1.177 million BTC. However, by March 14th, over 55,300 BTC ($4.58 billion) had been withdrawn.

比特幣ETF流入和流出的分析表明投資者的情緒。 從1月1日至2月6日，美國BTC ETF的大量流入為56,802 BTC，達到1177萬BTC的峰值。但是，到3月14日，超過55,300 BTC（45.8億美元）已撤回。

Currently, Bitcoin ETFs hold approximately $93.25 billion in BTC (5.6% of the total BTC market cap). Blackrock's IBIT leads with $39.24 billion and 568,559 BTC, followed by Fidelity's FBTC with $11.25 billion and 194,269 BTC.

目前，比特幣ETF在BTC中持有約92.5億美元（佔BTC市值的5.6％）。 BlackRock的IBIT領先於392.4億美元和568,559 BTC，其次是Fidelity的FBTC，為112.5億美元和194,269 BTC。

Ethereum is underperforming, down 10% in the last 7 days, while XRP has seen a 7% increase during the same period.

以太坊的表現不佳，在過去的7天中下降了10％，而XRP在同一時期增加了7％。