Altcoins Experience Significant Losses Following Bitcoin's Decline

比特幣下跌後，山寨幣遭受重大損失

On July 8, numerous altcoins faced a downturn, including BRETT, PEPE, WIF, and JUP, all losing over 10% as Bitcoin, the world's leading cryptocurrency, dropped 4% in the previous day.

7 月 8 日，眾多山寨幣遭遇低迷，包括 BRETT、PEPE、WIF 和 JUP，跌幅均超過 10%，而全球領先的加密貨幣比特幣在前一天下跌了 4%。

BRETT

布雷特

BRETT, a meme coin inspired by a character from the "Boy's Club" comic, remained down 8% in the past 24 hours and 30% in the past 7 days. Its trading volume hovered around $49.1 million, while its market cap dropped to $1.12 billion, placing it 62nd among cryptocurrencies according to CoinMarketCap (CMC).

BRETT 是一款受《男孩俱樂部》漫畫中角色啟發的迷因幣，在過去 24 小時內下跌 8%，在過去 7 天內下跌 30%。根據 CoinMarketCap (CMC) 的數據，其交易量徘徊在 4,910 萬美元左右，而市值則降至 11.2 億美元，在加密貨幣中排名第 62 位。

PEPE

PEPE

Ethereum-based meme coin PEPE suffered the most significant loss on Monday morning, plummeting 12% within the past day. Over the past week, it has also declined by 30%. Inspired by the iconic green frog meme, PEPE's daily trading volume reached $768 million, while its market cap fell to $3.47 billion, ranking 24th among the top 100 cryptocurrencies.

基於以太坊的 meme 幣 PEPE 在周一早上遭受了最嚴重的損失，在過去一天內暴跌 12%。過去一周也下跌了30%。受標誌性綠蛙表情包的啟發，PEPE 的日交易量達到 7.68 億美元，而市值則跌至 34.7 億美元，在前 100 名加密貨幣中排名第 24 位。

WIF

無線IF

Solana-based meme coin WIF experienced an 11% decline over the past day, trading at $1.66 at the time of writing. Over the past week, it has also dropped by 27%. Despite a 14% increase in its daily trading volume to approximately $468 million, its market cap dropped to $1.6 billion.

基於 Solana 的 meme 代幣 WIF 在過去一天下跌了 11%，在撰寫本文時交易價格為 1.66 美元。過去一周也下跌了27%。儘管其每日交易量成長了 14% 至約 4.68 億美元，但其市值卻下降至 16 億美元。

JUP

朱普

Jupiter (JUP), a Solana-based decentralized exchange (DEX) aggregator, faced a 10% loss in the past 24 hours and 16% over the past week. Its daily trading volume remained stable at $109 million, while its market cap fell below $1 billion.

Jupiter (JUP) 是一家基於 Solana 的去中心化交易所 (DEX) 聚合商，在過去 24 小時內損失了 10%，在過去一周損失了 16%。其每日交易量穩定在1.09億美元，市值則跌破10億美元。

Bitcoin's Impact

比特幣的影響

The decline in these altcoins primarily stemmed from a decrease in Bitcoin's value, which fell 4% in the past day to $55,676 on Monday morning. The crypto asset has lost 12% over the past 7 days, sparking concern among investors.

這些山寨幣的下跌主要源自於比特幣價值的下跌，過去一天比特幣價格下跌 4%，至週一上午的 55,676 美元。該加密資產在過去 7 天內下跌了 12%，引發了投資者的擔憂。

German Government's Bitcoin Holdings

德國政府持有的比特幣

Contributing to the market volatility, the German government transferred 700 BTC, valued at approximately $40.47 million, to crypto exchanges as part of an ongoing trend. This move has raised questions about potential impacts on the market.

作為持續趨勢的一部分，德國政府將 700 個比特幣（價值約 4,047 萬美元）轉移到加密貨幣交易所，這加劇了市場波動。此舉引發了人們對市場潛在影響的質疑。

Mt. Gox Transfers

Mt. Gox 轉賬

Mt. Gox, once the world's largest cryptocurrency exchange, moved 47,229 BTC worth $2.7 billion to an unknown wallet, further influencing Bitcoin's price decline. As Mt. Gox prepares to repay its creditors, concerns arise about potential market pressures due to the influx of Bitcoin into the market.

曾經全球最大的加密貨幣交易所 Mt. Gox 將價值 27 億美元的 47,229 BTC 轉移到一個未知的錢包中，進一步影響了比特幣價格的下跌。隨著 Mt. Gox 準備償還債權人，人們開始擔心比特幣湧入市場可能帶來的潛在市場壓力。

Altcoin Market Volatility

山寨幣市場波動

The altcoin market's performance is closely tied to Bitcoin's dominance. Significant price drops in Bitcoin often lead to widespread declines in altcoin values as investor confidence wanes.

山寨幣市場的表現與比特幣的主導地位密切相關。隨著投資者信心減弱，比特幣價格大幅下跌通常會導致山寨幣價值普遍下跌。

Despite the current downturn, some analysts remain optimistic about the potential for an altcoin season to commence in the near future.

儘管目前經濟低迷，但一些分析師仍然對山寨幣季節在不久的將來開始的潛力持樂觀態度。