The cryptocurrency market opened this week under pressure, with Bitcoin experiencing a significant drop. BTC fell 2% in the last 24 hours, triggering a broader market decline affecting major altcoins. What accounts for this downturn, and what does the week ahead hold?

加密货币市场本周在压力下开放，比特币的下降大幅下降。 在过去的24小时内，BTC下降了2％，引发了影响主要山寨币的更广泛的市场下降。 什么是这一低迷的原因，即将到来的一周有什么？

A Crypto Market Weakened by Macroeconomic Factors

宏观经济因素削弱的加密市场

Bitcoin briefly touched $84,000 on Sunday, a key resistance level potentially signaling a bullish recovery towards $90,000. However, it subsequently fell to around $83,300 on Monday. Other major cryptocurrencies, including XRP, Solana, Cardano, and Dogecoin, also declined by approximately 5%, while BNB showed a slight increase of 3%.

比特币在周日短暂触及了84,000美元，关键阻力水平可能表明看涨恢复到90,000美元。但是，随后在周一下跌至83,300美元。 其他主要的加密货币，包括XRP，Solana，Cardano和Dogecoin，也下降了约5％，而BNB略有增加3％。

This correction is occurring against a backdrop of escalating US tariffs and deteriorating macroeconomic conditions. Some analysts express concern about a potential US recession and heightened financial market tensions.

这种纠正是在美国关税升级和恶化宏观经济条件的背景下进行的。 一些分析师对潜在的美国经济衰退和金融市场紧张局势加剧表示关注。

The recent downturn may also be attributed to significant liquidations by multi-strategy funds employing arbitrage, long/short positions, and leverage.

最近的衰退也可能归因于使用套利，长/短职位和杠杆作用的多策略基金的重大清算。

Ethereum's Dependence on Bitcoin

以太坊对比特币的依赖

Ethereum's price remains strongly correlated with Bitcoin's movements. The weak ETH/BTC ratio indicates Ethereum's struggle to establish independent momentum, despite promising technological advancements. Key price levels will be crucial in determining market dynamics in the coming weeks. As Ryan Lee, chief analyst at Bitget, notes:

以太坊的价格与比特币的动作密切相关。 ETH/BTC的弱比表明，尽管有希望的技术进步，但以太坊建立独立动量的努力。 关键价格水平对于确定未来几周的市场动态至关重要。 正如Bitget的首席分析师Ryan Lee所指出的那样：

Ethereum remains tied to bitcoin movements, stuck between $1,800 and $2,300. The Pectra upgrade and the ongoing expansion of Layer 2 provide it with long-term bullish potential, but in the short term, these fundamentals may not be enough to break the resistance at $2,300-$2,500 without bitcoin leading the charge. If market sentiment deteriorates, ETH could slide to $1,800, but ether could approach the top of its range if BTC recovers.

The current market volatility reflects vulnerability to macroeconomic uncertainty and liquidations from multi-strategy funds. While Bitcoin attempts to stabilize, Ethereum's performance remains dependent on Bitcoin's trajectory. The next few days will be critical in determining whether the market rebounds or experiences a deeper correction, given the threats of recession and tariffs.

以太坊仍然与比特币的运动有关，停留在$ 1,800到2,300美元之间。 Pectra升级和第2层的持续扩展为其提供了长期的看涨潜力，但是在短期内，这些基本原理可能不足以打破2,300-2,500美元的阻力，而没有比特币领导费用。如果市场情绪恶化，ETH可能会滑到1,800美元，但是如果BTC恢复，Ether可以接近其范围的顶部。当前的市场波动反映了宏观经济不确定性的脆弱性和来自多层策略基金的清算。 尽管比特币试图稳定，但以太坊的性能仍取决于比特币的轨迹。鉴于经济衰退和关税的威胁，接下来的几天对于确定市场反弹还是更深入的更正至关重要。