<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/08/image17-1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/08/image17-1.png"/></p>
<p>加密市场正在上涨，以太坊价格跃升至历史新高，所有代币的市值重新测试 4 万亿美元的里程碑。比特币徘徊在 116,000 美元，而像 Pudgy Penguin、Arbitrum 和 AAVE 这样的代币则领先，涨幅超过 15%。</p>
<h2>加密市场的上涨由杰罗姆·鲍威尔的演讲引发</h2>
<p>正在进行的加密市场上涨是由杰罗姆·鲍威尔引发的，他在周五的怀俄明州杰克逊霍尔研讨会上发表了备受关注的演讲。</p>
<p>这次演讲是在美国经济面临困难时期进行的，数据显示经济正处于滞涨的边缘。劳动力市场已经降温，失业率上升，7 月份达到了 4.2%。</p>
<p>美国劳工统计局下调了前两个月的报告，并表示经济在 6 月和 5 月仅创造了 35,000 个就业岗位。7 月份新增 73,000 个就业岗位，这一数字在下次修订时会下降。</p>
<p>美国的通货膨胀，尤其是在生产者方面，也在上升，最近跳升至 3.7%。核心消费者物价指数（CPI）排除了波动较大的食品和能源价格，升至 3.1%。</p>
<p>因此，面对这些数字，中央银行面临选择。它可以降低利率以促进劳动力市场，这一举措将冒着通货膨胀上升的风险。</p>
<p>另一方面，银行可以决定维持较高的利率，并希望通货膨胀会下降。挑战在于，这种通货膨胀并不是自然产生的，而是由于唐纳德·特朗普的关税造成的人工通货膨胀。</p>
<p>在他的声明中，鲍威尔倾向于前者，并指出他在接下来的会议中将专注于保护劳动力市场。他说：</p>
<p>“尽管如此，政策处于限制性领域，基线前景和风险平衡的变化可能需要调整我们的政策立场。这种不寻常的情况表明，失业的下行风险正在上升。如果这些风险实现，它们可能会迅速以大幅裁员和失业率上升的形式出现。”</p>
<h2>在他的演讲之前，加密情绪疲软</h2>
<p>加密市场的上涨发生在投资者现在相信美联储将在 9 月 17 日的会议上降息。加密货币和其他风险资产在美联储降息时表现良好。</p>
<p>然而，即使他发表了高度鹰派的声明，加密市场的上涨也有可能发生。这是因为市场参与者预计银行最终会在今年晚些时候或在 2026 年特朗普取代杰罗姆·鲍威尔时降息。</p>
<p>此外，在演讲之前，市场情绪疲软。比特币从 124,200 美元的历史高点下跌至 112,000 美元的低点，以太坊也大幅下跌。因此，市场参与者可能会选择在低点买入。这与 “买传闻，卖消息” 正好相反。</p>
<p>阅读更多：BTC 在宏观乐观情绪下突破 116K；山寨币 OKB、MORPHO 领涨周度收益</p>
<h2>加密货币的下一步是什么？</h2>
<p>最可能的情况是加密市场继续当前的上涨。这是因为仍然有催化剂将其在长期内推高。</p>
<p>除了潜在的降息外，投资者的强劲需求也得到了证明，ETF 流入量上升以及加密货币财库公司的数量增加。</p>
<p>此外，以太坊和比特币等顶级加密货币已经形成了看涨的图表模式。最重要的是，SEC 将在今年晚些时候批准现货加密 ETF，推动其价格上涨。</p>
<p>文章《加密市场上涨：为什么 BTC 和山寨币在鲍威尔演讲后上涨？》最初发表于 Invezz</p>

ETHE

<p>在杰克逊霍尔研讨会上，杰罗姆·鲍威尔的讲话引发了加密市场的反弹，比特币价格达到 116,000 美元，以太坊创下历史新高。所有代币的市场总值接近 4 万亿美元，主要受到 Pudgy Penguin 和 AAVE 等山寨币显著上涨的推动。投资者对美联储可能降息的前景持乐观态度，这通常有利于加密货币。尽管之前市场情绪疲软，但由于强劲的投资者需求和主要加密货币的看涨模式，加上预计 SEC 将批准现货加密 ETF，反弹预计将持续</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/08/image17-1.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/08/image17-1.png"/></p>
<p>A crypto market rally is underway, with Ethereum price jumping to a record high and the market capitalization of all tokens retesting the $4 trillion milestone. Bitcoin is hovering at $116,000, while tokens like Pudgy Penguin, Arbitrum, and AAVE are leading with over 15% gains.</p>
<div class="lb-trans"><p>加密市场正在上涨，以太坊价格跃升至历史新高，所有代币的市值重新测试 4 万亿美元的里程碑。比特币徘徊在 116,000 美元，而像 Pudgy Penguin、Arbitrum 和 AAVE 这样的代币则领先，涨幅超过 15%。</p>
</div><h2>Crypto market rally sparked by Jerome Powell speech</h2>
<div class="lb-trans"><h2>加密市场的上涨由杰罗姆·鲍威尔的演讲引发</h2>
</div><p>The ongoing crypto market rally was sparked by Jerome Powell who had a closely-watched speech at the Jackson Hole Symposium in Wyoming on Friday.</p>
<div class="lb-trans"><p>正在进行的加密市场上涨是由杰罗姆·鲍威尔引发的，他在周五的怀俄明州杰克逊霍尔研讨会上发表了备受关注的演讲。</p>
</div><p>This speech came at a difficult time for the US economy, with data showing that it is teetering on the verge of a stagflation. The labor market has cooled, with the unemployment rate ticking upward, reaching 4.2% in July.</p>
<div class="lb-trans"><p>这次演讲是在美国经济面临困难时期进行的，数据显示经济正处于滞涨的边缘。劳动力市场已经降温，失业率上升，7 月份达到了 4.2%。</p>
</div><p>The BLS downgraded the previous month’s two reports and indicated that the economy created just 35k jobs in June and May. It added 73k jobs in July, a figure that will come down in the next revision.</p>
<div class="lb-trans"><p>美国劳工统计局下调了前两个月的报告，并表示经济在 6 月和 5 月仅创造了 35,000 个就业岗位。7 月份新增 73,000 个就业岗位，这一数字在下次修订时会下降。</p>
</div><p>US inflation, especially in the producer side, is also ticking upwards and recently jumped to 3.7%. The core CPI, which excludes the volatile food and energy prices, rose to 3.1%.</p>
<div class="lb-trans"><p>美国的通货膨胀，尤其是在生产者方面，也在上升，最近跳升至 3.7%。核心消费者物价指数（CPI）排除了波动较大的食品和能源价格，升至 3.1%。</p>
</div><p>S a result, faced with these numbers, the central bank has a choice to make. It can cut interest rates with the goal of boosting the labor market, a move that would risk inflation rising.</p>
<div class="lb-trans"><p>因此，面对这些数字，中央银行面临选择。它可以降低利率以促进劳动力市场，这一举措将冒着通货膨胀上升的风险。</p>
</div><p>On the other hand, the bank can decide to maintain higher rates and hope that inflation will come down. The challenge is that this inflation is not organic, rather, it is an artificial one caused by Donald Trump’s tariffs.</p>
<div class="lb-trans"><p>另一方面，银行可以决定维持较高的利率，并希望通货膨胀会下降。挑战在于，这种通货膨胀并不是自然产生的，而是由于唐纳德·特朗普的关税造成的人工通货膨胀。</p>
</div><p>In his statement, Powell leaned on the former side and noted that his focus in the next meetings will be to safeguard the labor market. He said:</p>
<div class="lb-trans"><p>在他的声明中，鲍威尔倾向于前者，并指出他在接下来的会议中将专注于保护劳动力市场。他说：</p>
</div><p>“Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance. This unusual situation suggests that downside risks to employment are rising. And if those risks materialize, they can do so quickly in the form of sharply higher layoffs and rising unemployment.”</p>
<div class="lb-trans"><p>“尽管如此，政策处于限制性领域，基线前景和风险平衡的变化可能需要调整我们的政策立场。这种不寻常的情况表明，失业的下行风险正在上升。如果这些风险实现，它们可能会迅速以大幅裁员和失业率上升的形式出现。”</p>
</div><h2>Crypto sentiment was weak before his speech</h2>
<div class="lb-trans"><h2>在他的演讲之前，加密情绪疲软</h2>
</div><p>The crypto market rally happened as investors now believe that the Fed will cut interest rates in the September 17 meeting. Cryptocurrencies and other risky assets do well when the Fed is cutting interest rates.</p>
<div class="lb-trans"><p>加密市场的上涨发生在投资者现在相信美联储将在 9 月 17 日的会议上降息。加密货币和其他风险资产在美联储降息时表现良好。</p>
</div><p>However, there are chances that the crypto market rally would happen even if he had delivered a highly hawkish statement. That is because market participants expect the bank to ultimately cut interest rates either later this year or in 2026 when Trump replaces Jerome Powell.</p>
<div class="lb-trans"><p>然而，即使他发表了高度鹰派的声明，加密市场的上涨也有可能发生。这是因为市场参与者预计银行最终会在今年晚些时候或在 2026 年特朗普取代杰罗姆·鲍威尔时降息。</p>
</div><p>Also, the market sentiment was weak before the speech. Bitcoin was down from the all-time high of $124,200 to a low of $112,000 and Ethereum moving much lower. As such, chances are that market participants would have bought the dip. This is the opposite of buying the rumor and selling the news.</p>
<div class="lb-trans"><p>此外，在演讲之前，市场情绪疲软。比特币从 124,200 美元的历史高点下跌至 112,000 美元的低点，以太坊也大幅下跌。因此，市场参与者可能会选择在低点买入。这与 “买传闻，卖消息” 正好相反。</p>
</div><p>Read more: BTC shoots past $116K on macro optimism; altcoins OKB, MORPHO lead weekly gains</p>
<div class="lb-trans"><p>阅读更多：BTC 在宏观乐观情绪下突破 116K；山寨币 OKB、MORPHO 领涨周度收益</p>
</div><h2>What next for cryptocurrencies?</h2>
<div class="lb-trans"><h2>加密货币的下一步是什么？</h2>
</div><p>The most likely scenario is where the crypto market continues the ongoing rally. That’s because there are still catalysts that will push it higher in the longer term.</p>
<div class="lb-trans"><p>最可能的情况是加密市场继续当前的上涨。这是因为仍然有催化剂将其在长期内推高。</p>
</div><p>In addition to the potential interest rate cuts, there is strong demand from investors as evidenced by the rising ETF inflows and the rising number of crypto treasury companies.</p>
<div class="lb-trans"><p>除了潜在的降息外，投资者的强劲需求也得到了证明，ETF 流入量上升以及加密货币财库公司的数量增加。</p>
</div><p>Further, top cryptocurrencies like Ethereum and Bitcoin have formed bullish chart patterns. Most importantly, the SEC will approve spot crypto ETFs later this year, boosting their prices.</p>
<div class="lb-trans"><p>此外，以太坊和比特币等顶级加密货币已经形成了看涨的图表模式。最重要的是，SEC 将在今年晚些时候批准现货加密 ETF，推动其价格上涨。</p>
</div><p>The post Crypto market rally: Why did BTC and altcoins jump after Powell’s speech? appeared first on Invezz</p>
<div class="lb-trans"><p>文章《加密市场上涨：为什么 BTC 和山寨币在鲍威尔演讲后上涨？》最初发表于 Invezz</p>
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加密货币市场反弹：鲍威尔讲话后，比特币和其他加密货币为何上涨？