Are We in Crypto Bear Market, or Is Recovery on the Horizon? Michaël Van De Poppe Weighs In

我們正處於加密貨幣熊市中，還是復甦即將到來？邁克爾·範·德·波佩 (Michael Van De Poppe) 稱重

The cryptocurrency market cap experienced a 3% decline to $2.4 trillion, largely attributed to Bitcoin's downward trend. BTC closed near $63,000 last week, a critical support level that has raised concerns about further declines.

加密貨幣市值下降 3%，至 2.4 兆美元，主要歸因於比特幣的下跌趨勢。 BTC 上週收在 63,000 美元附近，這是一個關鍵支撐位，引發了人們對進一步下跌的擔憂。

Key Market Trends:

主要市場趨勢：

• Bitcoin's price has dropped by 2.3% in the last 24 hours, currently trading around $62,800.
• If BTC consistently closes below $63,000, it could retest the next support level above $60,000.

Industry Analysis by Michaël Van De Poppe:

比特幣價格在過去24 小時內下跌了2.3%，目前交易價格約為62,800 美元。分析：

• Retail interest in cryptocurrencies has declined significantly, as evidenced by YouTube metrics showing only 25-30% engagement compared to 2021 levels.
• Altcoins like Chainlink have plummeted up to 60% against Bitcoin over the last five months.
• Bitcoin's dominance remains high, solidifying its position while altcoins struggle to recover.

Meme Coin Perspective:

散戶對加密貨幣的興趣已大幅下降，YouTube 指標顯示，與2021 年的水準相比，參與度僅25-30%。 60%。

• Michaël Van De Poppe expresses caution towards meme coins, noting their focus on fame rather than intrinsic value.
• He highlights Dogecoin (DOGE) and Pepe (PEPE) as meme coins with potential for long-term gains, but warns of their volatility and speculative nature.

Current Price Action:

Michaël Van De Poppe 對 meme 幣表示謹慎，指出它們注重名氣而不是內在價值。當前價格走勢：

• Most meme coins experienced a decline in the last 24 hours.
• DOGE traded at $0.1208, down nearly 3%, while PEPE and RUNES declined by 8% and 9.84%, respectively.

Market Outlook:

大多數meme幣在過去24小時內都經歷了下跌。

• Despite the current bearish conditions, some analysts predict a bullish reversal in the near future.
• The Ethereum network has witnessed an increase in active addresses, indicating increased interest and potential for recovery.
• The listing of spot Ether ETFs in the US could provide a boost to the market, similar to the impact of spot BTC ETFs earlier this year.

儘管目前情況看跌，但一些分析師預測在不久的將來會出現看漲逆轉。類似於今年稍早現貨BTC ETF 的影響。