Crypto Market Loses $760 Billion Amid Market Downturn

加密市场在市场下滑中损失了7600亿美元

The crypto market has experienced a significant downturn, losing $12.7 billion per hour over a 60-hour period, totaling a loss of $760 billion. This market decline follows a shift in sentiment attributed to a market reversal.

加密货币市场经历了严重的衰退，在60小时内每小时损失127亿美元，总损失了7600亿美元。这种市场下降是由于市场逆转归因于情绪的转变。

Tariffs Trigger Sell-Off

关税触发抛售

The dramatic sell-off was sparked by United States President Donald Trump's announcement of tariffs on imports from China, Canada, and Mexico on February 3rd. This announcement sent shockwaves through global risk assets, affecting both cryptocurrencies and traditional markets.

2月3日，美国总统唐纳德·特朗普（Donald Trump）宣布从中国，加拿大和墨西哥进口的关税引发了戏剧性的抛售。该公告通过全球风险资产造成了冲击波，影响了加密货币和传统市场。

Altcoins Take the Brunt

山寨币首当其冲

Altcoins, which are cryptocurrencies other than Bitcoin, have been hit particularly hard by the sell-off. Ethereum (ETH) plummeted 16%, with other major altcoins like Avalanche (AVAX), XRP, Chainlink (LINK), and Dogecoin (DOGE) dropping over 20% in the past 24 hours.

除了比特币以外的其他加密货币，售出的替代币受到了抛售特别困难。以太坊（ETH）下降了16％，其他主要山寨币，如雪崩（Avax），XRP，链条（link）和Dogecoin（Doge）在过去24小时内下降了20％以上。

Bitcoin Shows Relative Stability

比特币显示相对稳定性

Bitcoin (BTC), on the other hand, has shown relative stability amidst the chaos. While it fell 6.8% over 24 hours, it avoided the worst of the crash. TradingView data reveals Bitcoin's dominance, or its share of the total crypto market, rose to 61% during the sell-off.

另一方面，比特币（BTC）在混乱中显示出相对稳定性。虽然在24小时内下降了6.8％，但它避免了坠机最严重的情况。 TradingView数据揭示了比特币在抛售期间的统治地位，或者在总加密市场中的份额上升至61％。

Factors Behind Altcoin Decline

Altcoin下降的因素

The decline in altcoins has been attributed to a combination of stop-loss triggers and a lack of participation from retail investors. Trading volumes had been declining for weeks, indicating waning appetite and a lack of confidence among investors.

AltCoins的下降归因于停止损害触发器的结合以及零售投资者缺乏参与的组合。交易量一直在下降数周，表明胃口减弱，投资者缺乏信心。

Market Sentiment Hit

市场情绪打击

The Crypto Fear & Greed Index plunged 16 points to 44 out of 100 on February 3rd, marking its lowest level since October 11th, 2023. This drop into "Fear" territory highlights the growing unease among investors as geopolitical risks escalate.

加密货币恐惧和贪婪指数在2月3日跌落16分，达到100分中的44分，标志着其自2023年10月11日以来的最低水平。该领土降至“恐惧”领土上，突显了投资者在地缘政治风险升级时日益增长的不安。

Outlook Remains Uncertain

前景仍然不确定

The road ahead for the crypto market remains uncertain. While Bitcoin's resilience offers a temporary haven, the broader crypto market's recovery hinges on stabilizing equities and resolving trade tensions. Altcoins face a particularly challenging outlook unless market sentiment improves significantly.

加密市场前进的道路仍然不确定。尽管比特币的弹性提供了临时的避风港，但更广泛的加密市场的复苏取决于稳定股票和解决贸易紧张局势。除非市场情绪大幅改善，否则Altcoins面临着特别具有挑战性的前景。