Bitcoin Price Faces Correction, Altcoins Decline

比特幣價格面臨調整，山寨幣下跌

The Bitcoin price has continued its steep correction, dropping another 5% today. The largest cryptocurrency has now fallen below $56,000 and is at risk of further declines to the $52,000 mark.

比特幣價格繼續大幅調整，今天又下跌了 5%。目前最大的加密貨幣已跌破 56,000 美元，並有進一步跌至 52,000 美元大關的風險。

Altcoins have suffered even worse, with tokens like Dogwifhat, Chainlink, and Brett experiencing double-digit losses. CoinMarketCap's Crypto Fear and Greed Index now indicates "Fear," reflecting the market's bearish sentiment.

山寨幣的損失更慘重，Dogwifhat、Chainlink 和 Brett 等代幣遭受了兩位數的損失。 CoinMarketCap 的加密恐懼和貪婪指數現在顯示“恐懼”，反映了市場的看跌情緒。

Is the Bottom In for Bitcoin?

比特幣觸底了嗎？

However, despite the market crash, analysts believe investors should consider buying crypto rather than panic selling. Many suggest that Bitcoin may have reached a bottom after its decline to $57,000.

然而，儘管市場崩盤，分析師認為投資人應該考慮購買加密貨幣，而不是恐慌性拋售。許多人認為，比特幣在跌至 57,000 美元後可能已經觸底。

Popular crypto trader 941, with over 57,000 followers on Twitter, claims that the Bitcoin price has hit its local bottom. He states, "The bottom is in. 57.5k I stake my reputation on it."

受歡迎的加密貨幣交易商 941 在 Twitter 上擁有超過 57,000 名粉絲，聲稱比特幣價格已觸底。他表示，“底部已經到來。57.5k，我把我的聲譽押在上面。”

Other experts, who were previously bearish at $60,000, are now turning bullish at $57,000. There are several reasons for this optimism.

其他專家先前看跌 6 萬美元，現在轉看漲於 5.7 萬美元。這種樂觀有幾個原因。

Firstly, Bitcoin is currently at the confluence of the 3-day 200 Moving Average and the 1-week 200 Moving Average, which have historically facilitated major bounces in the BTC price.

首先，比特幣目前處於 3 天 200 移動平均線和 1 週 200 移動平均線的交匯處，這在歷史上促進了 BTC 價格的大幅反彈。

Secondly, the altcoins market capitalization chart is showing signs of a potential reversal as it nears a strong support zone. Analyst Michael van de Poppe of MN Trading believes that the altcoin capitulation is nearly over.

其次，隨著山寨幣市值圖表接近強勁支撐區域，它顯示出潛在逆轉的跡象。 MN Trading 的分析師 Michael van de Poppe 認為，山寨幣的投降即將結束。

Additionally, some economists speculate that the Federal Reserve may cut interest rates in July, which could be bullish for the crypto market.

此外，一些經濟學家推測聯準會可能在 7 月降息，這可能對加密市場有利。

7 Best Cryptocurrencies to Buy Now

7 種最值得立即購買的加密貨幣

Analysts recommend investing in specific cryptocurrencies with long-term potential. They also highlight the potential of presale tokens, which may not be as impacted by short-term price action.

分析師建議投資具有長期潛力的特定加密貨幣。他們也強調了預售代幣的潛力，這些代幣可能不會受到短期價格走勢的影響。

Here is a list of the seven best cryptocurrencies to buy now, according to experts:

根據專家的說法，以下是現在最值得購買的七種加密貨幣的清單：

• Solana (SOL): Despite recent declines, SOL remains bullish due to its strong fundamentals, including the potential approval of spot Solana ETFs and the possibility of new all-time highs.
• Dogwifhat (WIF): As a top meme coin on the Solana blockchain, WIF is highly correlated with SOL and could benefit from the same bullish factors.
• Base Dawgz (DAWGZ): This new meme coin has raised significant funds in its ongoing presale and is expected to be a strong performer in the next bull market.
• Pepe (PEPE): Pepe has the potential to gain 2x returns if it retests its all-time high. It is also expected to benefit from institutional investment in Ethereum.
• Pepe Unchained (PEPU): This new project offers a Layer-2 blockchain with low trading costs and high staking rewards, making it a compelling alternative to PEPE.
• Chainlink (LINK): Link is one of the first altcoins to rally in bull markets and has the potential to be a top performer in the coming months due to its strong fundamentals and Cross-Chain Interoperability Protocol.
• 99Bitcoins (99BTC): This new BRC-20 token has a large community backing and offers perks such as staking rewards and airdrops, making it a potential top-performing cryptocurrency.

Disclaimer: This article includes placeholder information, such as crypto market prices and specific token valuations, which may change over time and should not be considered financial advice or an endorsement of any particular cryptocurrency.

Solana (SOL)：儘管最近有所下跌，但由於其強勁的基本面，SOL 仍然看漲，包括現貨Solana ETF 的潛在批准以及創下歷史新高的可能性。頂級meme 代幣，WIF 與S​​OL 高度相關，並可能受益於相同的看漲因素。中表現強勁。它還有望受益於以太坊的機構投資。 。 （99BTC）：這種新的BRC-20 代幣擁有大量社區支持並提供諸如質押獎勵和空投等福利，使其成為潛在的表現最佳的加密貨幣。加密貨幣市場價格和特定代幣估值，這些資訊可能會隨著時間的推移而變化，不應被視為財務資訊對任何特定加密貨幣的建議或認可。