Crypto Market Rallies, Bitcoin Hits All-Time High

加密貨幣市場反彈，比特幣創歷史新高

Over the past 24 hours, the cryptocurrency market cap has surged by 5%, driven predominantly by Bitcoin (BTC). As of November 6 during the early Asian session, BTC hovers close to $2.51 trillion. It has reached a new all-time high (ATH) of over $74.5k, representing an increase of 6.9% within the same period.

在過去 24 小時內，加密貨幣市值在比特幣 (BTC) 的推動下飆升了 5%。截至 11 月 6 日亞洲早盤，BTC 徘徊在 2.51 兆美元附近。其歷史新高 (ATH) 超過 74,500 美元，同期成長 6.9%。

Dogecoin (DOGE), a prominent meme coin supported by Elon Musk, has led the gains among top altcoins. It has climbed over 16% in the past 24 hours, trading at 19 cents during the early Asian session on Wednesday.

狗狗幣（DOGE）是馬斯克（Elon Musk）支持的著名模因幣，在頂級山寨幣中漲幅居前。該股在過去 24 小時內上漲了 16% 以上，週三亞洲早盤交易價格為 19 美分。

Amidst heightened crypto volatility, more than $258 million has been liquidated from the leveraged market, primarily involving short traders.

在加密貨幣波動性加劇的情況下，槓桿市場已清算超過 2.58 億美元，其中主要涉及空頭交易者。

Market Cautions and Predictions

市場警告和預測

Peter Schiff's Warning

彼得希夫的警告

Peter Schiff, a well-known crypto critic, has cautioned traders about a potential short-term decline:

著名的加密貨幣評論家 Peter Schiff 警告交易員注意潛在的短期下跌：

• "The dollar is rising, while bonds and gold are selling off. Of the three, only bond traders have it right, but for the wrong reason. Harris would've been worse than Trump, but the real crash hasn't been averted," Schiff tweeted.

Market Outlook from Polymarlet and Ali Martinez

「美元正在上漲，而債券和黃金正在拋售。在這三者中，只有債券交易員是正確的，但原因是錯誤的。哈里斯會比川普更糟糕，但真正的崩盤並沒有避免， ” Schiff 發推文。

<>Initial election results indicate that Republican candidate Donald Trump has an early lead. <>According to Polymarlet, the odds of Trump's victory have risen to nearly 80% as of the time of reporting.

初步選舉結果顯示共和黨候選人川普早早領先。根據 Polymarlet 報導，截至發稿時，川普獲勝的幾率已升至近 80%。

Ali Martinez, a crypto analyst, believes an altseason could commence within the next eight weeks as Bitcoin dominance prepares to reverse.

加密貨幣分析師阿里馬丁內斯 (Ali Martinez) 認為，隨著比特幣的主導地位準備逆轉，山寨季可能會在未來八週內開始。

Institutional Activity

機構活動

Despite the market surge, institutional investors remain on the sidelines. Outflows from US spot BTC ETFs continue, with cash withdrawals recorded for the third consecutive day.

儘管市場飆升，機構投資者仍保持觀望。美國現貨 BTC ETF 資金持續流出，連續第三天出現提款。