Altcoin Market Slumps as Bitcoin Price Dips

隨著比特幣價格下跌，山寨幣市場暴跌

September 8, 2024

2024 年 9 月 8 日

Bitcoin's recent price decline has triggered significant downturns in the altcoin market. Major altcoins such as Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) have experienced notable price drops.

比特幣最近的價格下跌引發了山寨幣市場的大幅下滑。以太幣 (ETH)、Solana (SOL) 和狗狗幣 (DOGE) 等主要山寨幣的價格都顯著下跌。

Ethereum (ETH): Struggles to Gain Ground

以太坊（ETH）：努力取得進展

Ethereum has mirrored Bitcoin's downward trend, losing 8.43% to $2,287 in the past week. Despite a 2.72% gain in the last 24 hours, Ethereum's performance remains impacted by the bearish market sentiment.

以太坊也反映了比特幣的下跌趨勢，過去一周下跌 8.43% 至 2,287 美元。儘管以太坊在過去 24 小時內上漲了 2.72%，但其表現仍受到看跌市場情緒的影響。

Solana (SOL): Network Woes Fuel Price Drops

Solana (SOL)：網路問題導致燃料價格下跌

Solana has faced challenges, with its native token SOL declining by 4.62% to $128.69 in the past week. Concerns over network reliability have fueled short-selling in the market, with open interest in SOL futures increasing by 20%. If the bearish momentum continues, SOL could fall below $100, a critical support level.

Solana 面臨挑戰，其原生代幣 SOL 在過去一周下跌 4.62% 至 128.69 美元。對網路可靠性的擔憂加劇了市場的賣空行為，SOL 期貨的未平倉合約增加了 20%。如果看跌勢頭持續下去，SOL 可能會跌破 100 美元這一關鍵支撐位。

Dogecoin (DOGE): Meme Magic Fading

狗狗幣（DOGE）：Meme 魔法消退

Dogecoin has retreated by 7.29% in the past month, currently hovering around $0.10. Despite some whale accumulation, DOGE has yet to indicate signs of recovery. Trading volumes remain low, leaving investors bearish towards the asset.

狗狗幣過去一個月下跌了 7.29%，目前徘徊在 0.10 美元左右。儘管鯨魚數量增加，但 DOGE 尚未顯示出復甦的跡象。交易量仍然很低，使投資者對該資產持悲觀態度。

Market Outlook

市場展望

The weakness observed in Ethereum, Solana, and Dogecoin highlights the current downward pressure on the altcoin market. Unless Bitcoin experiences a rebound, these altcoins are likely to face continued declines.

以太幣、Solana 和狗狗幣的疲軟凸顯了當前山寨幣市場的下行壓力。除非比特幣出現反彈，否則這些山寨幣可能會面臨持續下跌。