Crypto Market Suffers Significant Losses

加密货币市场遭受重大损失

Global crypto market capitalization has plummeted by 6.41%, dropping from $3.59 trillion to $3.36 trillion, reflecting widespread market losses.

全球加密货币市值暴跌 6.41%，从 3.59 万亿美元降至 3.36 万亿美元，反映出市场普遍亏损。

Liquidations Surpass $622 Million

清算额超过 6.22 亿美元

Over $622 million worth of crypto positions have been liquidated in the past 24 hours.

过去 24 小时内，价值超过 6.22 亿美元的加密货币头寸已被清算。

Major Cryptos See Sharp Declines

主要加密货币大幅下跌

Asian trading hours witnessed a significant correction, with major cryptos such as Bitcoin (BTC) and Ethereum (ETH) experiencing substantial losses. Altcoins also faced setbacks, including a 7.72% decline in Ripple's XRP.

亚洲交易时段出现大幅调整，比特币（BTC）和以太坊（ETH）等主要加密货币遭受大幅损失。山寨币也面临挫折，其中 Ripple 的 XRP 下跌了 7.72%。

Bitcoin Dips Below $100,000

比特币跌破 10 万美元

Bitcoin has dropped 5.79% over the past 24 hours, falling to $96,120 and breaking below the $100,000 support level. Ethereum has lost nearly 9% to $3,343, while Dogecoin has plummeted over 12.77% to trade at $0.3464.

过去24小时，比特币下跌5.79%，跌至96,120美元，并跌破100,000美元支撑位。以太坊下跌近 9% 至 3,343 美元，而狗狗币暴跌超过 12.77% 至 0.3464 美元。

Causes of the Market Correction

市场调整的原因

• Rising U.S. Treasury yields, suggesting tighter monetary policies that discourage investment in risky assets like cryptocurrencies.
• Weakness in tech stocks, including Nvidia and Tesla, triggering a domino effect that impacted the crypto market.
• Rising job vacancies and inflationary concerns, increasing the likelihood of a more hawkish Federal Reserve stance.

Market Outlook

美国国债收益率上升，表明货币政策收紧，抑制了对加密货币等风险资产的投资。英伟达和特斯拉等科技股疲软，引发多米诺骨牌效应，影响了加密货币市场。职位空缺上升和通胀担忧，增加了美联储立场更加鹰派。市场前景

Despite the current downturn, analysts believe the bull market for Bitcoin remains intact. While leading altcoins have lost recent gains, institutional interest and growing adoption may aid market recovery once macroeconomic pressures subside.

尽管目前经济低迷，但分析师认为比特币的牛市仍然完好无损。虽然领先的山寨币近期涨幅有所回落，但一旦宏观经济压力消退，机构兴趣和不断增长的采用可能有助于市场复苏。

Disclaimer:

免责声明：

The views expressed in this article are solely the author's and do not constitute investment advice. Investors are encouraged to conduct thorough research before making any investment decisions.

本文仅代表作者观点，不构成投资建议。鼓励投资者在做出任何投资决定之前进行彻底的研究。