The price of XRP, Solana, and Dogecoin slid on Tuesday ahead of the Federal Reserve’s next policy decision, an event that could shape any hopes of further rate cuts as the crypto market attempts to recover from a bumpy stretch.

在美联储下一个政策决定之前，XRP，Solana和Dogecoin的价格在星期二滑行，这一事件可能会影响加密市场的任何进一步降低的希望，因为加密货币市场试图从颠簸中恢复。

The Fed is widely expected to leave its benchmark interest rate unchanged at its next meeting, but investors will still be focused on Fed Chair Jerome Powell’s post-decision remarks, alongside a so-called Summary of Economic Projections (SEP) that the U.S. central bank is set to release at 12 p.m. ET on Wednesday.

人们普遍预计，在下次会议上，美联储将使其基准利率保持不变，但投资者仍将专注于美联储主席杰罗姆·鲍威尔（Jerome Powell）的决赛后言论，以及所谓的经济预测摘要（SEP），美国中央银行定于周三下午12点发布。

“Altcoin season may be dictated by Powell this year,” Bitwise Senior Investment Strategist Juan Leon told Decrypt. “If officials add more cuts to the ‘dot plot,’ that would likely boost crypto, given expectations of lower rates and higher implied support from the Fed to the economy.”

比特高级投资策略师胡安·莱昂（Juan Leon）告诉Decrypt：“今年鲍威尔（Powell）今年可能会决定替补赛季。” “如果官员对'DOT图'增加了更多的削减，那可能会提高加密货币，因为人们期望对美联储对经济的利率和较高的暗示支持。”

The Fed’s SEP will include projections on the unemployment rate and economic growth, but among the most important for risk assets is officials’ expectations on interest rates. The crypto market boomed to new highs as the Fed delivered a series of rate cuts last year.

美联储的SEP将包括有关失业率和经济增长的预测，但对于风险资产来说，最重要的是官员对利率的期望。由于美联储去年进行了一系列的降低，加密市场蓬勃发展。

However, the crypto market has lost $1 trillion in value since the Fed’s December meeting, according to CoinGecko. Policymakers signaled then that there would be fewer rate cuts this year than investors anticipated, projecting two quarter-percentage-point rate cuts instead of four.

但是，自从美联储12月会议以来，加密货币市场的价值损失了1万亿美元。政策制定者当时表示，今年的降低比投资者预期的要少，预计将降低四分之一百分点的降低率，而不是四个。

The price of XRP, Solana, and Dogecoin had each fallen over 4% to hit $2.26, $124, and $0.16, respectively, by 11:32 a.m., while Bitcoin fell 2.4% to $82,000 and Ethereum edged down 1.7% to $1,900.

XRP，Solana和Dogecoin的价格分别下跌了4％，分别达到2.26美元，124美元和0.16美元，到11:32 am，而比特币则下跌2.4％至82,000美元，以太坊（Ethereum）下跌了1.7％，至1,900美元。

Leon said Powell will likely strike a “cautiously optimistic tone,” while officials leave the dot plot unchanged from its previous meeting. The U.S. central bank is in a “wait-and-see mode” on tariffs and inflation, and Powell will likely point to a murky outlook on the economy, he added.

莱昂说，鲍威尔可能会以“谨慎乐观的语气”触动，而官员们则将点数与以前的会议保持不变。他补充说，美国中央银行的关税和通货膨胀处于“等待方式”，鲍威尔可能会表明对经济的看法。

President Donald Trump’s on-again, off-again approach to tariffs has weighed on crypto prices since his inauguration. While they’ve sparked inflation concerns, some economists fear that they may also weigh on economic growth through elevated costs for consumers and businesses.

唐纳德·特朗普（Donald Trump）总统的竞争性，不合时宜的关税方法自由典礼以来就加重了加密货币的价格。尽管他们引发了通货膨胀的问题，但一些经济学家担心他们也可能通过增加消费者和企业的成本来权衡经济增长。

Elon Musk’s Department of Government Efficiency, or DOGE, has added to growth concerns, as market participants digest how federal spending cuts could impact employment and the economic growth that the U.S. central bank closely monitors.

埃隆·马斯克（Elon Musk）的政府效率部（或多吉）增加了增长的关注，因为市场参与者消化了联邦支出削减如何影响就业和美国中央银行密切监视的经济增长。

Leon said that altcoins like XRP, Solana, and Dogecoin have grown especially sensitive to rate cut expectations, as the Securities and Exchange Commission strikes a more crypto-friendly tone.

莱昂说，随着证券和交易委员会的效果更加友好的基调，XRP，Solana和Dogecoin等Altcoins对降低期望的敏感特别敏感。

“They will now be more at the whims of macro, as opposed to specific regulatory actions,” he said.

他说：“与特定的监管行为相反，他们现在将更多地处于宏观的异想天开。”