Cryptocurrency Market Retreats After Inflation Data

通胀数据后加密货币市场回落

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.

美国通胀数据公布后，加密货币市场扭转了周三的涨幅。比特币在达到 70,000 美元后，已跌破 67,000 美元。许多分析师认为，跌破 66,000 美元可能会引发进一步跌至 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 为首的山寨币也受到了影响。根据 CoinGecko 的数据，以太坊下跌 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 币也未能幸免，其中狗狗币和柴犬币跌幅最大。狗狗币已跌破 0.14 美元的支撑位，而柴犬则有跌破 0.00002 美元的风险。

Factors Contributing to Bitcoin's Decline

导致比特币下跌的因素

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.

美国通胀数据，特别是消费者价格指数（CPI）于6月12日公布，略低于预期。比特币和山寨币在周二大幅跌至 66,000 美元后，最初反应积极。

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，美联储在周二和周三的联邦公开市场委员会会议后的强硬立场削弱了看涨情绪。美联储主席鲍威尔表示，央行目前不考虑降息。

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.

联邦公开市场委员会 (FOMC) 成员表示将向 2% 的通胀目标迈出适度步伐，但强调降息尚未迫在眉睫。美国通胀已从2022年和2023年的峰值回落，鲍威尔对限制性政策表示信心，并表示其有效性将随着时间显现。

PPI Data Fails to Ignite Market Momentum

PPI数据未能点燃市场动力

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.

美国生产者价格指数（PPI）数据显示通胀正在放缓，超出了经济学家的预期。对于加密货币和股票等风险资产来说，这通常是一个积极的信号。然而，比特币和加密货币价格未能恢复势头，将控制权交还给卖家。

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分析师认为，投资者对未来市场前景感到困惑，特别是在美联储维持鹰派利率立场的情况下。