The crypto market experienced a selloff during US hours on Wednesday, with investors exhibiting caution following the recent recovery in the broader market. Market value plunged by nearly 2.50%, reaching $2.57 trillion.

加密货币市场在周三美国时段经历了抛售，投资者在大盘近期复苏后表现出谨慎态度。市值暴跌近2.50%，至2.57万亿美元。

Bitcoin's price dropped by 1% within an hour, dragging its value down to $69,500, a decline of over 2% in the past 24 hours. Trading volume has decreased by more than 35% in the same period after the recent rally.

比特币价格一小时内下跌1%，跌至69,500美元，过去24小时跌幅超过2%。在近期的反弹之后，同期成交量下降了35%以上。

Ethereum's price also fell by 3% in the last 24 hours, despite positive developments regarding a spot Ether ETF. Other top altcoins, including Solana, XRP, Dogecoin, Cardano, and Shiba Inu, experienced declines of 2-3% within an hour. Today's leaders such as PEPE, BOOK OF MEME, GALA, and WIF also saw their prices drop by 3-6%.

尽管现货以太币 ETF 取得了积极进展，但以太坊的价格在过去 24 小时内也下跌了 3%。其他顶级山寨币，包括 Solana、XRP、Dogecoin、Cardano 和 Shiba Inu，在一小时内下跌了 2-3%。如今，PEPE、BOOK OF MEME、GALA 和 WIF 等领先产品的价格也下跌了 3-6%。

Factors Contributing to the Market Decline

导致市场下跌的因素

The crypto market's selloff was triggered by the release of UK inflation data. The annual inflation rate in the UK eased to 2.3% from 3.2% last month, but exceeded forecasts of 2.1%. Despite missing market expectations, the Pound Sterling strengthened as UK inflation approached the Bank of England's 2% target.

英国通胀数据的发布引发了加密货币市场的抛售。英国年通胀率从上个月的3.2%回落至2.3%，但超出预期的2.1%。尽管未达到市场预期，但随着英国通胀接近英国央行 2% 的目标，英镑走强。

Consequently, the US dollar index (DXY) exhibited volatility today but declined following the release of UK inflation data. However, the US 10-Yr Treasury yield (US10Y) experienced an unusual increase of 0.027% to 4.457%. This contributed to Bitcoin's volatility despite low trading volumes.

因此，美元指数（DXY）今日出现波动，但在英国通胀数据公布后下跌。然而，美国10年期国债收益率（US10Y）异常上涨0.027%至4.457%。尽管交易量较低，但这还是导致了比特币的波动。

Furthermore, the release of the FOMC Minutes today prompted traders to adopt a cautious approach. Many Fed officials expressed concerns that inflationary pressures could delay or reduce the number of Fed rate cuts this year. The CME FedWatch indicates a 49.5% probability of a 25 bps rate cut in September.

此外，今天发布的联邦公开市场委员会会议纪要促使交易者采取谨慎态度。许多美联储官员表示担心通胀压力可能会推迟或减少美联储今年的降息次数。 CME FedWatch 显示 9 月份降息 25 个基点的可能性为 49.5%。

According to Coinglass data, the crypto market witnessed $40 million in liquidations over the past few hours, with a total of $180 million liquidated over 24 hours. Notably, $125 million in longs and $55 million in shorts were liquidated during this period, with Ethereum, Bitcoin, Pepe Coin, Solana, and Dogecoin leading the liquidation figures.

根据 Coinglass 的数据，过去几个小时内，加密货币市场共清算了 4000 万美元，24 小时内清算总额达 1.8 亿美元。值得注意的是，在此期间，有 1.25 亿美元的多头和 5500 万美元的空头被清算，其中以太坊、比特币、佩佩币、Solana 和狗狗币领先清算数字。