Crypto Market Experiences Sell-Off: Dogecoin Takes a Hit

加密貨幣市場遭遇拋售：狗狗幣遭受重創

The cryptocurrency market has witnessed a significant sell-off, with Bitcoin and other major cryptocurrencies experiencing losses. Among the hardest hit was Dogecoin (DOGE), which saw substantial liquidations totaling $29 million, as per CoinGlass data.

加密貨幣市場出現大幅拋售，比特幣和其他主要加密貨幣都遭受損失。受打擊最嚴重的是狗狗幣 (DOGE)，根據 CoinGlass 的數據，該幣的清算總額高達 2,900 萬美元。

Macroeconomic Concerns and Profit-Taking

宏觀經濟擔憂與獲利回吐

The market pullback comes amid concerns over macroeconomic conditions and profit-taking by traders. The Federal Reserve's cautious outlook for interest rate cuts has weighed on speculative investments, contributing to the bearish sentiment.

市場回調是由於對宏觀經濟狀況和交易員獲利了結的擔憂而出現的。聯準會對降息的謹慎前景打壓了投機性投資，加劇了看跌情緒。

Bitcoin and Dogecoin's Decline

比特幣和狗幣的衰落

Bitcoin briefly dipped below $98,698 on Thursday, while most altcoins, including Dogecoin, faced similar declines. Currently, Dogecoin's price has dropped by 6.05% in the past 24 hours, hovering around $0.365 after reaching lows of $0.34.

比特幣週四短暫跌破 98,698 美元，而包括狗狗幣在內的大多數山寨幣也面臨類似的下跌。目前，狗狗幣的價格在過去24小時內下跌了6.05%，觸及0.34美元的低點後徘徊在0.365美元附近。

Liquidation Details

清算詳情

According to CoinGlass, $24.59 million worth of bullish bets on DOGE were liquidated in the last 24 hours, while shorts accounted for $5.93 million in liquidations.

根據 CoinGlass 的數據，過去 24 小時內，價值 2,459 萬美元的 DOGE 看漲押注被清算，而空頭押注則被清算 593 萬美元。

Market Sell-Off Triggered by Fed's Signal

聯準會訊號引發市場拋售

The crypto market sell-off was fueled by the Federal Reserve's indication of fewer interest rate cuts. Lower rates typically stimulate demand for riskier assets, including cryptocurrencies.

聯準會表示降息幅度較小，加劇了加密貨幣市場的拋售。較低的利率通常會刺激對包括加密貨幣在內的風險較高資產的需求。

Fed's Rate Cut and Outlook

聯準會降息及展望

The Federal Reserve cut its key interest rate by 0.25%, aligning with market expectations. However, the central bank warned against further cuts in the near future. Fed Chair Jerome Powell emphasized the need for progress on inflation before considering additional easing of monetary policy.

聯準會將關鍵利率下調0.25%，符合市場預期。不過，央行警告近期不要進一步降息。聯準會主席鮑威爾強調，在考慮進一步放鬆貨幣政策之前，需要在通膨方面取得進展。

Liquidation Volume

清算量

The market decline resulted in liquidations amounting to $787 million, with bullish bets accounting for $661 million and shorts for $125 million.

市場下跌導致平倉金額達 7.87 億美元，其中看漲押注為 6.61 億美元，空頭押注為 1.25 億美元。