The crypto market experienced a selloff during US hours on Wednesday, with investors exhibiting caution following the recent recovery in the broader market. Market value plunged by nearly 2.50%, reaching $2.57 trillion.

加密貨幣市場在周三美國時段經歷了拋售，投資者在大盤近期復甦後表現出謹慎態度。市值暴跌近2.50%，至2.57兆美元。

Bitcoin's price dropped by 1% within an hour, dragging its value down to $69,500, a decline of over 2% in the past 24 hours. Trading volume has decreased by more than 35% in the same period after the recent rally.

比特幣價格一小時內下跌1%，跌至69,500美元，過去24小時跌幅超過2%。在近期的反彈之後，同期成交量下降了35%以上。

Ethereum's price also fell by 3% in the last 24 hours, despite positive developments regarding a spot Ether ETF. Other top altcoins, including Solana, XRP, Dogecoin, Cardano, and Shiba Inu, experienced declines of 2-3% within an hour. Today's leaders such as PEPE, BOOK OF MEME, GALA, and WIF also saw their prices drop by 3-6%.

儘管現貨以太幣 ETF 取得了積極進展，但以太坊的價格在過去 24 小時內也下跌了 3%。其他頂級山寨幣，包括 Solana、XRP、Dogecoin、Cardano 和 Shiba Inu，在一小時內下跌了 2-3%。如今，PEPE、BOOK OF MEME、GALA 和 WIF 等領先產品的價格也下跌了 3-6%。

Factors Contributing to the Market Decline

導致市場下跌的因素

The crypto market's selloff was triggered by the release of UK inflation data. The annual inflation rate in the UK eased to 2.3% from 3.2% last month, but exceeded forecasts of 2.1%. Despite missing market expectations, the Pound Sterling strengthened as UK inflation approached the Bank of England's 2% target.

英國通膨數據的發布引發了加密貨幣市場的拋售。英國年通膨率從上個月的3.2%回落至2.3%，但超出預期的2.1%。儘管未達市場預期，但隨著英國通膨接近英國央行 2% 的目標，英鎊走強。

Consequently, the US dollar index (DXY) exhibited volatility today but declined following the release of UK inflation data. However, the US 10-Yr Treasury yield (US10Y) experienced an unusual increase of 0.027% to 4.457%. This contributed to Bitcoin's volatility despite low trading volumes.

因此，美元指數（DXY）今日出現波動，但在英國通膨數據公佈後下跌。然而，美國10年期公債殖利率（US10Y）異常上漲0.027%至4.457%。儘管交易量較低，但還是導致了比特幣的波動。

Furthermore, the release of the FOMC Minutes today prompted traders to adopt a cautious approach. Many Fed officials expressed concerns that inflationary pressures could delay or reduce the number of Fed rate cuts this year. The CME FedWatch indicates a 49.5% probability of a 25 bps rate cut in September.

此外，今天發布的聯邦公開市場委員會會議紀要促使交易者採取謹慎態度。許多聯準會官員表示擔心通膨壓力可能會推遲或減少聯準會今年的降息次數。 CME FedWatch 顯示 9 月降息 25 個基點的可能性為 49.5%。

According to Coinglass data, the crypto market witnessed $40 million in liquidations over the past few hours, with a total of $180 million liquidated over 24 hours. Notably, $125 million in longs and $55 million in shorts were liquidated during this period, with Ethereum, Bitcoin, Pepe Coin, Solana, and Dogecoin leading the liquidation figures.

根據 Coinglass 的數據，過去幾個小時內，加密貨幣市場共清算了 4,000 萬美元，24 小時內清算總額達 1.8 億美元。值得注意的是，在此期間，有 1.25 億美元的多頭和 5500 萬美元的空頭被清算，其中以太坊、比特幣、佩佩幣、Solana 和狗狗幣領先清算數字。