Crypto Market Loses $760 Billion Amid Market Downturn

加密市場在市場下滑中損失了7600億美元

The crypto market has experienced a significant downturn, losing $12.7 billion per hour over a 60-hour period, totaling a loss of $760 billion. This market decline follows a shift in sentiment attributed to a market reversal.

加密貨幣市場經歷了嚴重的衰退，在60小時內每小時損失127億美元，總損失了7600億美元。這種市場下降是由於市場逆轉歸因於情緒的轉變。

Tariffs Trigger Sell-Off

關稅觸發拋售

The dramatic sell-off was sparked by United States President Donald Trump's announcement of tariffs on imports from China, Canada, and Mexico on February 3rd. This announcement sent shockwaves through global risk assets, affecting both cryptocurrencies and traditional markets.

2月3日，美國總統唐納德·特朗普（Donald Trump）宣布從中國，加拿大和墨西哥進口的關稅引發了戲劇性的拋售。該公告通過全球風險資產造成了衝擊波，影響了加密貨幣和傳統市場。

Altcoins Take the Brunt

山寨幣首當其衝

Altcoins, which are cryptocurrencies other than Bitcoin, have been hit particularly hard by the sell-off. Ethereum (ETH) plummeted 16%, with other major altcoins like Avalanche (AVAX), XRP, Chainlink (LINK), and Dogecoin (DOGE) dropping over 20% in the past 24 hours.

除了比特幣以外的其他加密貨幣，售出的替代幣受到了拋售特別困難。以太坊（ETH）下降了16％，其他主要山寨幣，如雪崩（Avax），XRP，鏈條（link）和Dogecoin（Doge）在過去24小時內下降了20％以上。

Bitcoin Shows Relative Stability

比特幣顯示相對穩定性

Bitcoin (BTC), on the other hand, has shown relative stability amidst the chaos. While it fell 6.8% over 24 hours, it avoided the worst of the crash. TradingView data reveals Bitcoin's dominance, or its share of the total crypto market, rose to 61% during the sell-off.

另一方面，比特幣（BTC）在混亂中顯示出相對穩定性。雖然在24小時內下降了6.8％，但它避免了墜機最嚴重的情況。 TradingView數據揭示了比特幣在拋售期間的統治地位，或者在總加密市場中的份額上升至61％。

Factors Behind Altcoin Decline

Altcoin下降的因素

The decline in altcoins has been attributed to a combination of stop-loss triggers and a lack of participation from retail investors. Trading volumes had been declining for weeks, indicating waning appetite and a lack of confidence among investors.

AltCoins的下降歸因於停止損害觸發器的結合以及零售投資者缺乏參與的組合。交易量一直在下降數週，表明胃口減弱，投資者缺乏信心。

Market Sentiment Hit

市場情緒打擊

The Crypto Fear & Greed Index plunged 16 points to 44 out of 100 on February 3rd, marking its lowest level since October 11th, 2023. This drop into "Fear" territory highlights the growing unease among investors as geopolitical risks escalate.

加密貨幣恐懼和貪婪指數在2月3日跌落16分，達到100分中的44分，標誌著其自2023年10月11日以來的最低水平。該領土降至“恐懼”領土上，突顯了投資者在地緣政治風險升級時日益增長的不安。

Outlook Remains Uncertain

前景仍然不確定

The road ahead for the crypto market remains uncertain. While Bitcoin's resilience offers a temporary haven, the broader crypto market's recovery hinges on stabilizing equities and resolving trade tensions. Altcoins face a particularly challenging outlook unless market sentiment improves significantly.

加密市場前進的道路仍然不確定。儘管比特幣的彈性提供了臨時的避風港，但更廣泛的加密市場的複蘇取決於穩定股票和解決貿易緊張局勢。除非市場情緒大幅改善，否則Altcoins面臨著特別具有挑戰性的前景。