Crypto Markets Witness Bloodbath as Bitcoin, Altcoins Plunge

隨著比特幣和山寨幣暴跌，加密市場見證了血洗

The cryptocurrency markets witnessed a turbulent start to the week as Bitcoin (BTC) briefly retreated to $94,000, sparking a widespread crash. A staggering $1.5 billion in crypto derivatives positions were liquidated due to BTC's sharp decline. The price eventually recovered and briefly surpassed $98,000 before falling back below $97,000 to its current level of $96,878. BTC's abrupt drop sent shockwaves through the market, causing other altcoins to experience even more substantial declines.

加密貨幣市場本週開局動盪，比特幣 (BTC) 短暫回落至 94,000 美元，引發大規模崩盤。由於 BTC 的大幅下跌，高達 15 億美元的加密貨幣衍生性商品部位被清算。價格最終回升並短暫突破 98,000 美元，然後回落至 97,000 美元以下至當前水平 96,878 美元。比特幣的突然下跌給市場帶來了衝擊，導致其他山寨幣經歷了更大的下跌。

While BTC has fallen by nearly 3% in the past 24 hours, Ethereum (ETH) plummeted by over 6% after failing to break past $4,000 and is currently trading just below $3,700. Ripple (XRP) witnessed a staggering 13% drop and now stands at $2.14. Meanwhile, Solana (SOL) is down over 7% as bearish sentiment persists, with the price falling to $215. Dogecoin (DOGE), Cardano (ADA), Tron (TRX), Avalanche (AVAX), Toncoin (TON), Chainlink (LINK), Polkadot (DOT), Stellar (XLM), Uniswap (UNI), and Litecoin (LTC) all suffered double-digit losses, further contributing to the market's bloodshed. The total crypto market capitalization has declined by nearly 6% to $3.44 trillion.

雖然 BTC 在過去 24 小時內下跌了近 3%，但以太坊 (ETH) 在未能突破 4,000 美元後暴跌超過 6%，目前交易價格略低於 3,700 美元。 Ripple (XRP) 暴跌 13%，目前價格為 2.14 美元。同時，由於看跌情緒持續存在，Solana (SOL) 下跌超過 7%，價格跌至 215 美元。狗狗幣(DOGE)、卡爾達諾(ADA)、波場(TRX)、Avalanche (AVAX)、Toncoin (TON)、Chainlink (LINK)、Polkadot (DOT)、Stellar (XLM)、Uniswap (UNI) 和萊特幣(LTC)全部遭受兩位數的損失，進一步加劇了市場的流血。加密貨幣總市值下降了近 6%，至 3.44 兆美元。

El Salvador Scales Back Bitcoin Ambitions Due to IMF Agreement

由於國際貨幣基金組織協議，薩爾瓦多縮減了比特幣野心

El Salvador is nearing an agreement with the International Monetary Fund (IMF) for a $1.3 billion loan. However, a key condition of the loan is a reduction in the country's use of Bitcoin (BTC) as legal tender. A team from the IMF is currently in El Salvador to finalize the agreement with President Nayib Bukele's government. Once finalized, the deal will unlock $1 billion from the World Bank and $1 billion from the Inter-American Development Bank.

薩爾瓦多即將與國際貨幣基金組織 (IMF) 達成協議，提供 13 億美元貸款。然而，貸款的一個關鍵條件是該國減少使用比特幣（BTC）作為法定貨幣。國際貨幣基金組織的一個團隊目前正在薩爾瓦多與納伊布·布克萊總統政府敲定協議。一旦最終確定，該協議將從世界銀行獲得 10 億美元，從美洲開發銀行獲得 10 億美元。

The loan is expected to bring El Salvador back into the international financial community after years of isolation following its adoption of BTC as legal tender. The IMF has consistently opposed the move, citing risks to financial stability and integrity, and has urged Bukele's government to cease accepting crypto as legal tender. Under the terms of the agreement with the IMF, El Salvador will make it optional for businesses to accept BTC as payment. It will also commit to reducing its budget deficit by three percentage points of GDP through spending cuts and tax increases. Additionally, the country must pass an anti-corruption law and increase its reserves from $11 billion to $15 billion.

薩爾瓦多在採用比特幣作為法定貨幣後經歷了多年的孤立，預計這筆貸款將使薩爾瓦多重返國際金融界。國際貨幣基金組織一直反對此舉，理由是金融穩定和誠信面臨風險，並敦促布克萊政府停止接受加密貨幣作為法定貨幣。根據與國際貨幣基金組織簽署的協議條款，薩爾瓦多將允許企業選擇接受比特幣作為付款方式。它還將承諾透過削減開支和增加稅收，將預算赤字減少佔GDP的三個百分點。此外，該國必須通過反腐敗法，並將外匯存底從 110 億美元增加到 150 億美元。

US Can Become Crypto Superpower, Says Eric Trump

艾瑞克川普表示，美國可以成為加密貨幣超級大國

Eric Trump, executive vice president of the Trump Organization, believes that the US can become a cryptocurrency superpower with the right regulatory guidelines. He expressed his support for crypto and stated that his father, former President Donald Trump, intends to make America the crypto capital of the world if re-elected. Eric's comments follow BTC's recent突破 of the $100,000 mark, which market observers hailed as a significant milestone for crypto.

川普集團執行副總裁艾瑞克川普認為，只要有正確的監管指導方針，美國就可以成為加密貨幣超級大國。他表達了對加密貨幣的支持，並表示他的父親、前總統川普如果連任，打算讓美國成為世界加密貨幣之都。 Eric 在發表這篇言論之前，BTC 最近突破了 10 萬美元大關，市場觀察家稱讚這是加密貨幣的一個重要里程碑。

"The modern banking system is outdated," said Eric Trump. "It's just a matter of time before crypto not only catches up but really leaps ahead. And so, we're incredibly excited on a lot of fronts. I think America will be the crypto capital of the world. I fully support it, my father fully supports it, and our family is fully embracing it. We believe in DeFi, and we believe that's the way of the future. America better lead the way, otherwise, we are going to leave a lot behind."

「現代銀行體系已經過時了，」艾瑞克川普說。 「加密貨幣不僅迎頭趕上，而且真正實現飛躍，這只是時間問題。因此，我們在很多方面都感到非常興奮。我認為美國將成為世界加密貨幣之都。我完全支持它，我的父親完全支持它，我們的家人也完全接受它，我們相信這是未來的道路，美國最好帶路，否則我們會留下很多東西。

President-elect Donald Trump has recently nominated Paul Atkins to lead the United States Securities and Exchange Commission (SEC). Atkins, known for his crypto-friendly views, will replace Gary Gensler. Eric was also asked about his father's plans for regulating or deregulating crypto and what such policies might look like in practice.

當選總統唐納德·川普最近提名保羅·阿特金斯領導美國證券交易委員會（SEC）。以其對加密貨幣友好的觀點而聞名的阿特金斯將取代加里·詹斯勒。艾瑞克也被問到他父親監管或放鬆加密貨幣監管的計劃以及這些政策在實踐中可能會是什麼樣子。

"It looks like it's transparent. That's what it is," said Eric. "The people in the crypto industry are frustrated that no one's ever put together a sensible plan as to how to regulate an industry. They're fine with regulation, but they just want guidelines, and they've said that. We will have a clear road map, and hopefully, the rest of the world will follow that. Hopefully, we can lead by example because that's what we should do as Americans. And hopefully, we truly are the crypto superpower of the world."

「它看起來像是透明的。就是這樣，」艾瑞克說。 「加密貨幣行業的人們感到沮喪的是，沒有人就如何監管一個行業制定出明智的計劃。他們對監管很滿意，但他們只是想要指導方針，而且他們也這麼說過。我們將有一個明確的路線圖，希望世界其他國家能夠效仿，因為這就是我們作為美國人應該做的事情。

Bitcoin (BTC) Price Analysis

比特幣（BTC）價格分析

Bitcoin (BTC) experienced a dramatic fall amidst a broader crypto market rout, amplifying losses for crypto traders. The sharp drop is attributed to souring risk sentiment due to geopolitical tensions and uncertainty surrounding US interest rates. Additionally, BTC faced significant profit-taking after crossing the coveted $100,000 threshold. Traders also locked in their gains in other major altcoins.

在更廣泛的加密貨幣市場暴跌中，比特幣（BTC）經歷了大幅下跌，擴大了加密貨幣交易者的損失。急劇下跌的原因是地緣政治緊張局勢和美國利率的不確定性導致風險情緒惡化。此外，BTC 在突破令人垂涎的 10 萬美元門檻後面臨大幅獲利了結。交易員也鎖定了其他主要山寨幣的收益。

The crypto market has been influenced by positive developments, such as the nomination of crypto-friendly candidates for key cabinet and regulatory positions. However, doubts have been raised about the level of regulatory support Trump may provide, with analysts dismissing the idea of a strategic reserve under his leadership.

加密貨幣市場受到了積極發展的影響，例如提名對加密貨幣友善的候選人擔任關鍵內閣和監管職位。然而，人們對川普可能提供的監管支持程度表示懷疑，分析人士駁回了在他領導下建立戰略儲備的想法。

BTC's price chart indicates a substantial decline over the past few sessions, dropping below key support levels. The asset's bullish momentum has waned, especially after setting a new all-time high last week, as traders secured their profits and geopolitical factors impacted market sentiment. BTC began the previous week in the red, falling 1.25% on Monday and registering a slight decline on Tuesday, closing at $95,751 after briefly dipping below the 20-day SMA. However, it made a strong recovery on Wednesday, rising by nearly 3% and closing at $98,851. BTC faced unprecedented volatility on Thursday as it surpassed the critical $100,000 milestone, setting a new all-time high of $103,900. However, buyers quickly lost momentum at this level, and the price fell back, dropping below the 20-day SMA to a low of $92,285 before recovering and closing at $97,093.

比特幣的價格圖表顯示，過去幾個交易日大幅下跌，跌破了關鍵支撐位。該資產的看漲勢頭已經減弱，尤其是在上週創下新的歷史高點之後，因為交易者獲得了利潤，而地緣政治因素影響了市場情緒。 BTC 上週開始下跌，週一下跌 1.25%，週二小幅下跌，在短暫跌破 20 日移動平均線後收於 95,751 美元。然而週三強勁反彈，上漲近3%，收在98,851美元。 BTC 週四面臨前所未有的波動，突破了 10 萬美元的關鍵里程碑，創下了 103,900 美元的歷史新高。然而，買家在此水準很快就失去動力，價格回落，跌破20日移動平均線至低點92,285美元，然後反彈並收於97,093美元。

Source: TradingView

來源：TradingView

Despite experiencing considerable volatility on Thursday, BTC recovered on Friday, rising by almost 3% and closing at $99,695. With sellers active at $100,000, BTC managed only a marginal increase on Saturday, moving to $99,728. BTC broke past the $100,000 mark again on Sunday, rising by 1.32% to $101,043. However, BTC and the broader crypto market experienced a significant decline on Monday. BTC plummeted below the 20-day SMA to an intraday low of $94,177. Nevertheless, it recovered from this level to climb above the 20-day SMA and close at $97,267, a decline of approximately 4%. BTC has remained bearish during the current session, with the price slightly down after recovering from an intraday low of $95,687.

儘管週四經歷了相當大的波動，但比特幣週五反彈，上漲近 3%，收在 99,695 美元。由於賣家活躍度為 10 萬美元，BTC 週六僅小幅上漲，升至 99,728 美元。 BTC週日再次突破10萬美元大關，上漲1.32%至101,043美元。然而，比特幣和更廣泛的加密貨幣市場在周一經歷了大幅下跌。 BTC 暴跌至 20 日均線下方，跌至日內低點 94,177 美元。儘管如此，它還是從該水準反彈，爬上20日移動平均線，收在97,267美元，跌幅約為4%。 BTC 在當前交易日仍保持看跌，價格從日內低點 95,687 美元反彈後小幅下跌。

BTC faces resistance at $98,000. If buyers regain control, BTC could reclaim $100,000 and push towards its all-time high. Conversely, if sellers retain control, BTC could drop to $95,000 once again.

BTC面臨98,000美元的阻力。如果買家重新獲得控制權，BTC 可能會奪回 10 萬美元並將其推向歷史新高。相反，如果賣家保留控制權，BTC 可能會再次跌至 95,000 美元。

Ethereum (ETH) Price Analysis

以太坊（ETH）價格分析

Ethereum (ETH) also suffered a significant decline this week amid the crypto market crash. ETH had a bullish start to the previous week despite a bearish beginning, falling by nearly 2% and closing at $3,645. Sellers maintained control on Tuesday as ETH dropped by 0.76% and closed at $3,617. Despite substantial selling pressure, ETH rebounded on Wednesday, rising by over 6% to surpass $3,700 and closing at $3,844. ETH faced significant volatility on Thursday as buyers and sellers struggled for control. Consequently, ETH fell to an intraday low of $3,644 and rose to an intraday high of $3,957 before closing at $3,787 after experiencing a decline of 1.48%.

由於加密市場崩盤，以太坊（ETH）本周也大幅下跌。 ETH 上週開局看漲，儘管開局看跌，下跌近 2%，收在 3,645 美元。週二，賣家維持控制，ETH 下跌 0.76%，收在 3,617 美元。儘管拋售壓力巨大，但 ETH 週三仍反彈，漲幅超過 6%，突破 3,700 美元，收在 3,844 美元。由於買家和賣家爭奪控制權，以太坊週四面臨大幅波動。因此，ETH 跌至盤中低點 3,644 美元，並升至盤中高點 3,957 美元，最終下跌 1.48%，最終收於 3,787 美元。

Source: TradingView

來源：TradingView

The price recovered on Friday as it surged past $4,000 and reached an intraday high of $4,093. However, buyers lost momentum at this level, and ETH eventually closed at $4,003 after an increase of nearly 6%. With sellers active at this level, ETH registered a slight

週五價格回升，飆升至 4,000 美元以上，並達到日內高點 4,093 美元。然而，買家在這個水平上失去了動力，ETH 在上漲近 6% 後最終收於 4,003 美元。由於賣家在此水準上活躍，ETH 略有小幅上漲