<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>加密市場正在上漲，以太坊價格躍升至歷史新高，所有代幣的市值重新測試 4 萬億美元的里程碑。比特幣徘徊在 116,000 美元，而像 Pudgy Penguin、Arbitrum 和 AAVE 這樣的代幣則領先，漲幅超過 15%。</p>
<h2>加密市場的上漲由傑羅姆·鮑威爾的演講引發</h2>
<p>正在進行的加密市場上漲是由傑羅姆·鮑威爾引發的，他在週五的懷俄明州傑克遜霍爾研討會上發表了備受關注的演講。</p>
<p>這次演講是在美國經濟面臨困難時期進行的，數據顯示經濟正處於滯漲的邊緣。勞動力市場已經降温，失業率上升，7 月份達到了 4.2%。</p>
<p>美國勞工統計局下調了前兩個月的報告，並表示經濟在 6 月和 5 月僅創造了 35,000 個就業崗位。7 月份新增 73,000 個就業崗位，這一數字在下次修訂時會下降。</p>
<p>美國的通貨膨脹，尤其是在生產者方面，也在上升，最近跳升至 3.7%。核心消費者物價指數（CPI）排除了波動較大的食品和能源價格，升至 3.1%。</p>
<p>因此，面對這些數字，中央銀行面臨選擇。它可以降低利率以促進勞動力市場，這一舉措將冒着通貨膨脹上升的風險。</p>
<p>另一方面，銀行可以決定維持較高的利率，並希望通貨膨脹會下降。挑戰在於，這種通貨膨脹並不是自然產生的，而是由於唐納德·特朗普的關税造成的人工通貨膨脹。</p>
<p>在他的聲明中，鮑威爾傾向於前者，並指出他在接下來的會議中將專注於保護勞動力市場。他説：</p>
<p>“儘管如此，政策處於限制性領域，基線前景和風險平衡的變化可能需要調整我們的政策立場。這種不尋常的情況表明，失業的下行風險正在上升。如果這些風險實現，它們可能會迅速以大幅裁員和失業率上升的形式出現。”</p>
<h2>在他的演講之前，加密情緒疲軟</h2>
<p>加密市場的上漲發生在投資者現在相信美聯儲將在 9 月 17 日的會議上降息。加密貨幣和其他風險資產在美聯儲降息時表現良好。</p>
<p>然而，即使他發表了高度鷹派的聲明，加密市場的上漲也有可能發生。這是因為市場參與者預計銀行最終會在今年晚些時候或在 2026 年特朗普取代傑羅姆·鮑威爾時降息。</p>
<p>此外，在演講之前，市場情緒疲軟。比特幣從 124,200 美元的歷史高點下跌至 112,000 美元的低點，以太坊也大幅下跌。因此，市場參與者可能會選擇在低點買入。這與 “買傳聞，賣消息” 正好相反。</p>
<p>閲讀更多：BTC 在宏觀樂觀情緒下突破 116K；山寨幣 OKB、MORPHO 領漲周度收益</p>
<h2>加密貨幣的下一步是什麼？</h2>
<p>最可能的情況是加密市場繼續當前的上漲。這是因為仍然有催化劑將其在長期內推高。</p>
<p>除了潛在的降息外，投資者的強勁需求也得到了證明，ETF 流入量上升以及加密貨幣財庫公司的數量增加。</p>
<p>此外，以太坊和比特幣等頂級加密貨幣已經形成了看漲的圖表模式。最重要的是，SEC 將在今年晚些時候批准現貨加密 ETF，推動其價格上漲。</p>
<p>文章《加密市場上漲：為什麼 BTC 和山寨幣在鮑威爾演講後上漲？》最初發表於 Invezz</p>

ETHE

<p>在傑克遜霍爾研討會上，傑羅姆·鮑威爾的講話引發了加密市場的反彈，比特幣價格達到 116,000 美元，以太坊創下歷史新高。所有代幣的市場總值接近 4 萬億美元，主要受到 Pudgy Penguin 和 AAVE 等山寨幣顯著上漲的推動。投資者對美聯儲可能降息的前景持樂觀態度，這通常有利於加密貨幣。儘管之前市場情緒疲軟，但由於強勁的投資者需求和主要加密貨幣的看漲模式，加上預計 SEC 將批准現貨加密 ETF，反彈預計將持續</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>加密市場正在上漲，以太坊價格躍升至歷史新高，所有代幣的市值重新測試 4 萬億美元的里程碑。比特幣徘徊在 116,000 美元，而像 Pudgy Penguin、Arbitrum 和 AAVE 這樣的代幣則領先，漲幅超過 15%。</p>
</div><h2>Crypto market rally sparked by Jerome Powell speech</h2>
<div class="lb-trans"><h2>加密市場的上漲由傑羅姆·鮑威爾的演講引發</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>正在進行的加密市場上漲是由傑羅姆·鮑威爾引發的，他在週五的懷俄明州傑克遜霍爾研討會上發表了備受關注的演講。</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>這次演講是在美國經濟面臨困難時期進行的，數據顯示經濟正處於滯漲的邊緣。勞動力市場已經降温，失業率上升，7 月份達到了 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>美國勞工統計局下調了前兩個月的報告，並表示經濟在 6 月和 5 月僅創造了 35,000 個就業崗位。7 月份新增 73,000 個就業崗位，這一數字在下次修訂時會下降。</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>美國的通貨膨脹，尤其是在生產者方面，也在上升，最近跳升至 3.7%。核心消費者物價指數（CPI）排除了波動較大的食品和能源價格，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，面對這些數字，中央銀行面臨選擇。它可以降低利率以促進勞動力市場，這一舉措將冒着通貨膨脹上升的風險。</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，銀行可以決定維持較高的利率，並希望通貨膨脹會下降。挑戰在於，這種通貨膨脹並不是自然產生的，而是由於唐納德·特朗普的關税造成的人工通貨膨脹。</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>在他的聲明中，鮑威爾傾向於前者，並指出他在接下來的會議中將專注於保護勞動力市場。他説：</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>“儘管如此，政策處於限制性領域，基線前景和風險平衡的變化可能需要調整我們的政策立場。這種不尋常的情況表明，失業的下行風險正在上升。如果這些風險實現，它們可能會迅速以大幅裁員和失業率上升的形式出現。”</p>
</div><h2>Crypto sentiment was weak before his speech</h2>
<div class="lb-trans"><h2>在他的演講之前，加密情緒疲軟</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>加密市場的上漲發生在投資者現在相信美聯儲將在 9 月 17 日的會議上降息。加密貨幣和其他風險資產在美聯儲降息時表現良好。</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，即使他發表了高度鷹派的聲明，加密市場的上漲也有可能發生。這是因為市場參與者預計銀行最終會在今年晚些時候或在 2026 年特朗普取代傑羅姆·鮑威爾時降息。</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，在演講之前，市場情緒疲軟。比特幣從 124,200 美元的歷史高點下跌至 112,000 美元的低點，以太坊也大幅下跌。因此，市場參與者可能會選擇在低點買入。這與 “買傳聞，賣消息” 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>閲讀更多：BTC 在宏觀樂觀情緒下突破 116K；山寨幣 OKB、MORPHO 領漲周度收益</p>
</div><h2>What next for cryptocurrencies?</h2>
<div class="lb-trans"><h2>加密貨幣的下一步是什麼？</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>最可能的情況是加密市場繼續當前的上漲。這是因為仍然有催化劑將其在長期內推高。</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>除了潛在的降息外，投資者的強勁需求也得到了證明，ETF 流入量上升以及加密貨幣財庫公司的數量增加。</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，以太坊和比特幣等頂級加密貨幣已經形成了看漲的圖表模式。最重要的是，SEC 將在今年晚些時候批准現貨加密 ETF，推動其價格上漲。</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《加密市場上漲：為什麼 BTC 和山寨幣在鮑威爾演講後上漲？》最初發表於 Invezz</p>
</div>

加密貨幣市場反彈：鮑威爾講話後，比特幣和其他加密貨幣為何上漲？