Altcoin Market Slumps as Bitcoin Price Dips

随着比特币价格下跌，山寨币市场暴跌

September 8, 2024

2024 年 9 月 8 日

Bitcoin's recent price decline has triggered significant downturns in the altcoin market. Major altcoins such as Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) have experienced notable price drops.

比特币最近的价格下跌引发了山寨币市场的大幅下滑。以太坊 (ETH)、Solana (SOL) 和狗狗币 (DOGE) 等主要山寨币的价格均出现显着下跌。

Ethereum (ETH): Struggles to Gain Ground

以太坊（ETH）：努力取得进展

Ethereum has mirrored Bitcoin's downward trend, losing 8.43% to $2,287 in the past week. Despite a 2.72% gain in the last 24 hours, Ethereum's performance remains impacted by the bearish market sentiment.

以太坊也反映了比特币的下跌趋势，过去一周下跌 8.43% 至 2,287 美元。尽管以太坊在过去 24 小时内上涨了 2.72%，但其表现仍然受到看跌市场情绪的影响。

Solana (SOL): Network Woes Fuel Price Drops

Solana (SOL)：网络问题导致燃料价格下跌

Solana has faced challenges, with its native token SOL declining by 4.62% to $128.69 in the past week. Concerns over network reliability have fueled short-selling in the market, with open interest in SOL futures increasing by 20%. If the bearish momentum continues, SOL could fall below $100, a critical support level.

Solana 面临挑战，其原生代币 SOL 在过去一周下跌 4.62% 至 128.69 美元。对网络可靠性的担忧加剧了市场的卖空行为，SOL 期货的未平仓合约增加了 20%。如果看跌势头持续下去，SOL 可能会跌破 100 美元这一关键支撑位。

Dogecoin (DOGE): Meme Magic Fading

狗狗币（DOGE）：Meme 魔法消退

Dogecoin has retreated by 7.29% in the past month, currently hovering around $0.10. Despite some whale accumulation, DOGE has yet to indicate signs of recovery. Trading volumes remain low, leaving investors bearish towards the asset.

狗狗币过去一个月下跌了 7.29%，目前徘徊在 0.10 美元左右。尽管鲸鱼数量有所增加，但 DOGE 尚未显示出复苏的迹象。交易量仍然很低，使投资者对该资产持悲观态度。

Market Outlook

市场展望

The weakness observed in Ethereum, Solana, and Dogecoin highlights the current downward pressure on the altcoin market. Unless Bitcoin experiences a rebound, these altcoins are likely to face continued declines.

以太坊、Solana 和狗狗币的疲软凸显了当前山寨币市场的下行压力。除非比特币出现反弹，否则这些山寨币可能会面临持续下跌。