Global Crypto Market Faces Correction Ahead of US Economic Data Release

美國經濟數據發布前全球加密貨幣市場面臨調整

The digital asset market witnessed a widespread decline, with all eyes on the US Federal Reserve's upcoming announcements. The cumulative crypto market capitalization fell by over 3%, reaching $2.03 trillion, while 24-hour trading volume surged by 42%.

數位資產市場普遍下跌，所有人都在關注聯準會即將發布的公告。加密貨幣累計市值下跌超過3%，達2.03兆美元，而24小時交易量激增42%。

Major Cryptocurrencies See Declines

主要加密貨幣下跌

Bitcoin (BTC) tumbled by 3% to trade below $59,000, reversing its recent recovery. Ether (ETH), the second-largest cryptocurrency, lost 6%, extending its downward trend. Dogecoin (DOGE) and Shiba Inu (SHIB) also dropped by approximately 4% each.

比特幣 (BTC) 暴跌 3%，跌破 59,000 美元，扭轉了近期的復甦勢頭。第二大加密貨幣以太幣（ETH）下跌 6%，延續下跌趨勢。狗狗幣 (DOGE) 和柴犬 (SHIB) 也分別下跌約 4%。

Fed Week Nears

聯準會週接近

Markets anxiously anticipate a crucial economic week that will feature the release of August retail sales data on September 17th. On September 18th, the Fed will announce its interest rate decision and hold a press conference.

市場焦急地期待著至關重要的經濟週，屆時將在 9 月 17 日發布 8 月零售銷售數據。 9月18日，聯準會將宣布利率決定並召開記者會。

The Philadelphia Fed Manufacturing Index and August existing home sales data are also expected later in the week.

費城聯邦儲備銀行製造業指數和 8 月成屋銷售數據也預計本週稍後公佈。

Uncertainty Surrounding Fed Rate Cut

聯準會降息的不確定性

Investors are divided on the size of the Fed's anticipated rate cut, with some expecting 25 basis points and others advocating for 50 basis points. Despite a recent decline in inflation, core inflation remains higher than expected.

投資人對聯準會預期降息幅度有分歧，有些人預期降息25個基點，有些人則主張降息50個基點。儘管近期通膨有所下降，核心通膨仍高於預期。

Fed Officials Cautious

聯準會官員態度謹慎

Fed officials generally favor a cautious approach with a 25 basis point cut to mitigate inflationary pressures. However, recent labor market weakness may suggest the Fed is lagging behind. Companies are pushing for a more aggressive 50 basis point reduction.

聯準會官員普遍傾向於採取謹慎態度，降息25個基點以緩解通膨壓力。然而，最近勞動力市場的疲軟可能表明聯準會已經落後了。各公司正在推動更積極的降息 50 個基點。

Crypto Market Reacts

加密貨幣市場反應

The upcoming Fed decision is expected to impact markets across the board, including crypto. BTC fell below $59K on Monday as it struggled to maintain the $60K level. Over the past 24 hours, BTC has declined by 3%, although it has gained 7% over the past week.

聯準會即將做出的決定預計將影響整個市場，包括加密貨幣。 BTC 週一跌破 5.9 萬美元，努力維持 6 萬美元的水平。在過去 24 小時內，BTC 下跌了 3%，儘管過去一周上漲了 7%。

Market Sentiment and Altcoin Losses

市場情緒和山寨幣損失

The crypto market is currently experiencing negative sentiment, with Solana (SOL) and Cardano (ADA) among the altcoins to decline by over 4% in the last 24 hours.

加密貨幣市場目前正經歷負面情緒，山寨幣 Solana (SOL) 和 Cardano (ADA) 在過去 24 小時內下跌超過 4%。