Leading Cryptocurrencies Drop Amidst Anticipation of Fed Chair Speech

在聯準會主席演講的預期中，主要加密貨幣下跌

On Monday, prominent cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) experienced price declines as investors eagerly awaited the address from Federal Reserve Chair Jerome Powell regarding possible interest rate adjustments.

週一，由於投資者熱切等待聯準會主席鮑威爾就可能的利率調整發表講話，主要加密貨幣比特幣（BTC）、以太坊（ETH）和狗狗幣（DOGE）價格下跌。

Bitcoin

比特幣

Bitcoin, the cryptocurrency with the highest market capitalization, has maintained strong momentum, while Ethereum has faced volatility. Dogecoin, despite its devoted community, has faced challenges in sustaining its value.

市值最高的加密貨幣比特幣維持強勁勢頭，而以太坊則面臨波動。儘管狗狗幣擁有忠實的社區，但在維持其價值方面仍面臨挑戰。

Bitcoin briefly surpassed $66,000 before dipping to $64,247 overnight. Despite this fluctuation, Bitcoin surged by 8.90% in September, a significant gain compared to its historical average loss of 3.47%. This rally was fueled by the Fed's 0.5% interest rate cut earlier in the month.

比特幣一度突破 66,000 美元，然後隔夜跌至 64,247 美元。儘管有這種波動，比特幣在 9 月還是飆升了 8.90%，與歷史平均跌幅 3.47% 相比，漲幅顯著。聯準會本月稍早降息 0.5% 推動了這一反彈。

Source: Bitcoin Price Chart | CoinMarketCap

資料來源：比特幣價格圖表 |硬幣市值

Ethereum

以太坊

Ethereum, currently trading around $2,600, also underwent fluctuations. Concerns arose among traders as large investors executed transactions involving $45 million worth of ETH. As of now, Ethereum's price is $2,620, a 1.88% decline in the past 24 hours.

以太坊目前的交易價格在 2600 美元左右，也出現了波動。隨著大型投資者執行涉及價值 4500 萬美元 ETH 的交易，交易員開始擔憂。截至目前，以太幣價格為2,620美元，過去24小時下跌1.88%。

Dogecoin

狗狗幣

According to CoinMarketCap, Dogecoin experienced a marked drop, plummeting by 6.37% to $0.1211 within the past 24 hours. This downward movement is attributed to bearish sentiment and increased short selling. Nevertheless, Dogecoin remains popular due to its loyal following.

根據 CoinMarketCap 的數據，狗狗幣經歷了明顯的下跌，在過去 24 小時內暴跌 6.37% 至 0.1211 美元。這種下行趨勢歸因於看跌情緒和賣空增加。儘管如此，狗狗幣由於其忠實的追隨者仍然很受歡迎。

Market Analysis

市場分析

The total market capitalization for cryptocurrencies is currently at $2.29 trillion, down by 0.77% over the past day. Investors are closely observing Powell's speech for indications regarding interest rate cuts, which may impact the market's trajectory.

目前加密貨幣總市值為2.29兆美元，較過去一天下跌0.77%。投資人正在密切關注鮑威爾的講話，尋找有關降息的跡象，這可能會影響市場的趨勢。

The recent decline in Bitcoin, Ethereum, and Dogecoin reflects cautious investor sentiment ahead of crucial economic updates. Market players are keen to witness the potential impact of interest rate cuts on cryptocurrency prices in the future.

比特幣、以太坊和狗狗幣最近的下跌反映了在關鍵經濟更新之前投資者的謹慎情緒。市場參與者熱衷於見證未來降息對加密貨幣價格的潛在影響。