Dogecoin Surges Amid Market Dip, Bitcoin Flounders

狗狗幣在市場下跌中飆升，比特幣陷入困境

As major cryptocurrencies faced declines ahead of the US elections, Dogecoin (DOGE) defied the trend with a remarkable 12% jump. Bitcoin (BTC), the crypto giant, remained indecisive, fluctuating around $69,000.

由於主要加密貨幣在美國大選前面臨下跌，狗狗幣 (DOGE) 逆勢上漲 12%。加密巨頭比特幣（BTC）仍然猶豫不決，在 69,000 美元左右波動。

Dogecoin's Meteoric Rise

狗狗幣的迅速崛起

Dogecoin has witnessed a meteoric 54% surge over the past 30 days, partially attributed to Elon Musk's endorsement. The proposed Department of Government Efficiency (D.O.G.E.) has fueled speculation about DOGE's role in streamlining government spending.

狗狗幣在過去 30 天飆升了 54%，部分歸功於馬斯克的背書。擬議中的政府效率部 (D.O.G.E.) 引發了人們對 DOGE 在精簡政府支出方面的作用的猜測。

The current rally, which has seen a 12% gain in a single day, has reversed DOGE's recent losses and pushed it into the green on longer timeframes. It has surged by an impressive 88% year-to-date, trading at an average of $0.168 at the time of writing. Its 24-hour trading volume has also increased by 56%, reaching $3.2 billion.

目前的反彈單日漲幅達 12%，扭轉了 DOGE 最近的跌勢，並在較長時間內將其推向綠色。今年迄今，該股已飆升 88%，令人印象深刻，截至撰寫本文時，平均交易價格為 0.168 美元。其24小時交易量也成長了56%，達到32億美元。

Bullish Sentiment Drives DOGE

看漲情緒推動DOGE

Data from Coinglass reveals that $17.31 million worth of Dogecoin bets (both long and short) have been liquidated in the past 24 hours. Notably, 57% ($9.90 million) of these liquidations were short positions. This indicates that traders anticipated a drop in DOGE's price, but bullish sentiment prevailed.

Coinglass 的數據顯示，過去 24 小時內價值 1,731 萬美元的狗狗幣押注（包括多頭和空頭）已被清算。值得注意的是，這些清算中 57%（990 萬美元）是空頭部位。這表明交易者預計 DOGE 價格會下跌，但看漲情緒占主導地位。

The surge in DOGE has boosted the entire meme token market, which has spiked by 5% within the last 24 hours to $57.41 billion. Its trading volume has increased by 16% to $6.75 billion.

DOGE 的飆升提振了整個 meme 代幣市場，在過去 24 小時內飆升 5% 至 574.1 億美元。其交易量增加了16%，達到67.5億美元。

Bitcoin Under Pressure

比特幣面臨壓力

Bitcoin has encountered selling pressure due to the movement of $2.2 billion worth of BTC from the defunct Mt. Gox exchange. This raises concerns over creditor repayments and a potential sell-off. Moreover, Bitcoin ETFs experienced a record $579.5 million outflow on Monday, reflecting market volatility ahead of the elections.

由於價值 22 億美元的 BTC 從已解散的 Mt. Gox 交易所流出，比特幣面臨拋售壓力。這引發了對債權人償還和潛在拋售的擔憂。此外，比特幣 ETF 週一經歷了創紀錄的 5.795 億美元資金流出，反映出選舉前的市場波動。

The close race between pro-cryptocurrency candidate Donald Trump and regulatory advocate Kamala Harris has heightened uncertainty among traders. The election outcome could heavily influence Bitcoin's policy direction and subsequent price movements.

支持加密貨幣的候選人唐納德·川普和監管倡導者卡瑪拉·哈里斯之間的激烈競爭加劇了交易員的不確定性。選舉結果可能會嚴重影響比特幣的政策方向和隨後的價格走勢。

Bitcoin has declined by over 3% in the past week, down from its March all-time high of $73,700. It currently trades at an average of $68,916.

比特幣在過去一周下跌了 3% 以上，低於 3 月的歷史高點 73,700 美元。目前其平均交易價格為 68,916 美元。