Crypto Market Suffers Significant Losses

加密貨幣市場遭受重大損失

Global crypto market capitalization has plummeted by 6.41%, dropping from $3.59 trillion to $3.36 trillion, reflecting widespread market losses.

全球加密貨幣市值暴跌 6.41%，從 3.59 兆美元降至 3.36 兆美元，反映出市場普遍虧損。

Liquidations Surpass $622 Million

清算額超過 6.22 億美元

Over $622 million worth of crypto positions have been liquidated in the past 24 hours.

在過去 24 小時內，價值超過 6.22 億美元的加密貨幣部位已被清算。

Major Cryptos See Sharp Declines

主要加密貨幣大幅下跌

Asian trading hours witnessed a significant correction, with major cryptos such as Bitcoin (BTC) and Ethereum (ETH) experiencing substantial losses. Altcoins also faced setbacks, including a 7.72% decline in Ripple's XRP.

亞洲交易時段出現大幅調整，比特幣（BTC）和以太幣（ETH）等主要加密貨幣遭受大幅損失。山寨幣也面臨挫折，其中 Ripple 的 XRP 下跌了 7.72%。

Bitcoin Dips Below $100,000

比特幣跌破 10 萬美元

Bitcoin has dropped 5.79% over the past 24 hours, falling to $96,120 and breaking below the $100,000 support level. Ethereum has lost nearly 9% to $3,343, while Dogecoin has plummeted over 12.77% to trade at $0.3464.

過去24小時，比特幣下跌5.79%，跌至96,120美元，跌破10萬美元支撐位。以太幣下跌近 9% 至 3,343 美元，而狗狗幣暴跌超過 12.77% 至 0.3464 美元。

Causes of the Market Correction

市場調整的原因

• Rising U.S. Treasury yields, suggesting tighter monetary policies that discourage investment in risky assets like cryptocurrencies.
• Weakness in tech stocks, including Nvidia and Tesla, triggering a domino effect that impacted the crypto market.
• Rising job vacancies and inflationary concerns, increasing the likelihood of a more hawkish Federal Reserve stance.

Market Outlook

美國公債殖利率上升，顯示貨幣政策收緊，抑制了對加密貨幣等風險資產的投資。 ，增加了聯準會立場更加鷹派。

Despite the current downturn, analysts believe the bull market for Bitcoin remains intact. While leading altcoins have lost recent gains, institutional interest and growing adoption may aid market recovery once macroeconomic pressures subside.

儘管目前經濟低迷，但分析師認為比特幣的牛市仍然完好無損。雖然領先的山寨幣近期漲幅有所回落，但一旦宏觀經濟壓力消退，機構興趣和不斷增長的採用可能有助於市場復甦。

Disclaimer:

免責聲明：

The views expressed in this article are solely the author's and do not constitute investment advice. Investors are encouraged to conduct thorough research before making any investment decisions.

本文僅代表作者觀點，不構成投資建議。鼓勵投資者在做出任何投資決定之前進行徹底的研究。