比特币的复苏触及美联储上限，且没有任何更便宜的货币迹象

Bitcoin's latest recovery has pushed the flagship digital asset back toward the $75,000 level, tracking a broader return in risk appetite as hopes for de-escalation in the Middle East lifted global equities to fresh records. However, the move is running into a quieter constraint than geopolitics or crypto-specific sentiment: the bond market still shows a Federal Reserve that remains in no hurry to loosen policy. That backdrop has become more important as the succession battle at the US central bank enters a more volatile phase. Related Reading The Fed treads on XRP’s core payments use case with new FedNow banking system upgrade The Fed’s payment rails are converging with XRP’s core thesis, narrowing the gap between blockchain settlement and traditional banking infrastructure. Apr 13, 2026 · Liam 'Akiba' Wright The Senate Banking Committee has scheduled Kevin Warsh's confirmation hearing for April 21, while Jerome Powell's current term as chair ends on May 15. Powell's term as a Fed governor runs until Jan. 31, 2028, and he said last month that if his successor is not confirmed by the time his chairmanship expires, he would serve as chair pro tem until that happens. For crypto investors, that means the question is no longer only whether Warsh reaches the chair. It is whether the market begins to believe that a change at the top would actually alter the path of rates and liquidity. The Fed's March meeting pointed in the opposite direction. Officials left the target range for the federal funds rate unchanged at 3.5% to 3.75%, said inflation remained somewhat elevated, and repeated that any further adjustments would depend on incoming data, the evolving outlook, and the balance of risks. Bitcoin recovery meets a quiet ceiling One of the most important macro variables for Bitcoin right now is the pricing of policy in the front end of the rates market. CME said this week that March brought a dramatic repricing in short-term rate markets, with the 2-year Treasury yield swi