The entirety of the crypto market is experiencing a bloodbath right now after the Bitcoin price dumped below $70,000 and Dogecoin and Shiba Inu are not left out. Both meme coins have seen their values tumble by at least 5% in the last day alone, leaving investors to wonder what could be behind this price decline.

在比特幣價格跌破 7 萬美元之後，整個加密市場正在經歷一場血洗，狗狗幣和柴犬也不例外。僅在最後一天，這兩種 Meme 代幣的價值就下跌了至少 5%，這讓投資者想知道價格下跌背後的原因是什麼。

Dogecoin And Shiba Inu Fall 5%

A consequence of the crypto market closely trailing the Bitcoin price is the fact that when the premier cryptocurrency does begin falling, it takes the market down with it. It is also no surprise that during these times, meme coins have suffered some of the biggest losses, as they are infamous for their high volatility and wild price fluctuations.

狗狗幣和柴犬下跌 5% 加密貨幣市場緊跟比特幣價格的一個後果是，當主要的加密貨幣確實開始下跌時，市場也會隨之下跌。毫不奇怪，在這些時期，模因幣遭受了一些最大的損失，因為它們因其高波動性和劇烈的價格波動而臭名昭著。

Given this, despite the fact that Bitcoin has only seen a less than 2% decline in the last day, and Ethereum came in at a less than 3% loss, meme coins Dogecoin and Shiba Inu have notched losses of up to 5% in the same time period.

相關閱讀：加密貨幣分析師確定 XRP 的“三駝峰”和“彈跳點”，目標是什麼？鑑於此，儘管比特幣在最後一天僅下跌了不到 2％，而以太坊的跌幅僅為 2％狗狗幣和柴犬的損失不到3%，同期損失高達5%。

The Dogecoin price had been trending above $0.2 before the crash and ended up falling briefly below $019. In the same vein, the Shiba Inu price reached above $0.000029, but the price crash sent it tumbling below $0.000027 before reclaiming $0.000027 once again, with bulls aiming to establish support at this level.

狗狗幣價格在崩盤前一直高於 0.2 美元，最終短暫跌破 019 美元。同樣，柴犬價格升至 0.000029 美元上方，但價格暴跌使其跌破 0.000027 美元，然後再次收復 0.000027 美元，多頭旨在在此水平建立支撐。

Sentiment in both camps of these meme coins has also suffered tremendously as fear of another extended bearish streak plagues the community. The decline is more noticeable in the Shiba Inu metrics as its daily trading volume has seen a significant 17% slump in the last day. In comparison, Dogecoin has fared better, still seeing meager gains of 0.4% in its daily trading volume, according to data from Coinmarketcap.

由於擔心再次出現持續的看跌趨勢困擾著社區，這些模因硬幣的兩個陣營的情緒也受到了極大的打擊。 Shiba Inu 指標的下降更為明顯，因為其每日交易量在最後一天大幅下降了 17%。相較之下，狗狗幣的表現要好一些，根據 Coinmarketcap 的數據，其每日交易量仍微幅增加 0.4%。

What’s Driving The Decline?

As mentioned above, the decline in the Dogecoin and Shiba Inu price, as well as the broader cryptocurrency market decline, is being driven by the fall in the Bitcoin price. So, to know what is causing the fall in Dogecoin and Shiba Inu means to find out why the Bitcoin price tumbled in the first place.

是什麼推動了下跌？如上所述，狗狗幣和柴犬價格的下跌，以及更廣泛的加密貨幣市場的下跌，是由比特幣價格下跌所推動的。因此，要了解狗狗幣和柴犬下跌的原因，就意味著首先要找出比特幣價格暴跌的原因。

One prominent factor driving the decline in price is the US inflation data. Over the past few months, the inflation data has come in poorer than expected, and with a 75 basis point (bps) rate cut expected later this year, investors are recoiling from risk assets such as Bitcoin.

相關閱讀：Floki 和 TokenFi 開發者提出改變遊戲規則的升級——這就是它的作用推動價格下跌的一個突出因素是美國通膨數據。過去幾個月，通膨數據差於預期，預計今年稍後降息 75 個基點 (bps)，投資者對比特幣等風險資產望而卻步。

Another driver is the expectation of a pre-halving crash. In the past, the Bitcoin price has seen a 20-30% decline in the price leading up to the halving event, and investors expect a repeat of this trend. However, with Bitcoin deviating from this trend, such as hitting a new all-time high before a halving event for the first time in history, the accuracy of this prediction is being called into question.

另一個驅動因素是對減半前崩盤的預期。過去，比特幣價格在減半事件前曾下跌 20-30%，投資人預期這一趨勢會重演。然而，隨著比特幣偏離這一趨勢，例如歷史上首次在減半事件之前創下歷史新高，這項預測的準確性受到質疑。

DOGE price tumbles amid market turmoil | Source: DOGEUSDT on Tradingview.com

DOGE價格在市場動盪中暴跌|資料來源：Tradingview.com 上的 DOGEUSDT 精選圖片來自 Analytics Insight，圖表來自 Tradingview.com