Crypto Markets Witness Bloodbath as Bitcoin, Altcoins Plunge

随着比特币和山寨币暴跌，加密市场见证了血洗

The cryptocurrency markets witnessed a turbulent start to the week as Bitcoin (BTC) briefly retreated to $94,000, sparking a widespread crash. A staggering $1.5 billion in crypto derivatives positions were liquidated due to BTC's sharp decline. The price eventually recovered and briefly surpassed $98,000 before falling back below $97,000 to its current level of $96,878. BTC's abrupt drop sent shockwaves through the market, causing other altcoins to experience even more substantial declines.

加密货币市场本周开局动荡，比特币 (BTC) 短暂回落至 94,000 美元，引发大范围崩盘。由于 BTC 的大幅下跌，高达 15 亿美元的加密货币衍生品头寸被清算。价格最终回升并短暂突破 98,000 美元，然后回落至 97,000 美元以下至当前水平 96,878 美元。比特币的突然下跌给市场带来了冲击，导致其他山寨币经历了更大幅度的下跌。

While BTC has fallen by nearly 3% in the past 24 hours, Ethereum (ETH) plummeted by over 6% after failing to break past $4,000 and is currently trading just below $3,700. Ripple (XRP) witnessed a staggering 13% drop and now stands at $2.14. Meanwhile, Solana (SOL) is down over 7% as bearish sentiment persists, with the price falling to $215. Dogecoin (DOGE), Cardano (ADA), Tron (TRX), Avalanche (AVAX), Toncoin (TON), Chainlink (LINK), Polkadot (DOT), Stellar (XLM), Uniswap (UNI), and Litecoin (LTC) all suffered double-digit losses, further contributing to the market's bloodshed. The total crypto market capitalization has declined by nearly 6% to $3.44 trillion.

虽然 BTC 在过去 24 小时内下跌了近 3%，但以太坊 (ETH) 在未能突破 4,000 美元后暴跌超过 6%，目前交易价格略低于 3,700 美元。 Ripple (XRP) 暴跌 13%，目前价格为 2.14 美元。与此同时，由于看跌情绪持续存在，Solana (SOL) 下跌超过 7%，价格跌至 215 美元。狗狗币 (DOGE)、卡尔达诺 (ADA)、波场 (TRX)、Avalanche (AVAX)、Toncoin (TON)、Chainlink (LINK)、Polkadot (DOT)、Stellar (XLM)、Uniswap (UNI) 和莱特币 (LTC)全部遭受两位数的损失，进一步加剧了市场的流血。加密货币总市值下降了近 6%，至 3.44 万亿美元。

El Salvador Scales Back Bitcoin Ambitions Due to IMF Agreement

由于国际货币基金组织协议，萨尔瓦多缩减了比特币野心

El Salvador is nearing an agreement with the International Monetary Fund (IMF) for a $1.3 billion loan. However, a key condition of the loan is a reduction in the country's use of Bitcoin (BTC) as legal tender. A team from the IMF is currently in El Salvador to finalize the agreement with President Nayib Bukele's government. Once finalized, the deal will unlock $1 billion from the World Bank and $1 billion from the Inter-American Development Bank.

萨尔瓦多即将与国际货币基金组织 (IMF) 达成协议，提供 13 亿美元贷款。然而，贷款的一个关键条件是该国减少使用比特币（BTC）作为法定货币。国际货币基金组织的一个团队目前正在萨尔瓦多与纳伊布·布克莱总统政府敲定协议。一旦最终确定，该协议将从世界银行获得 10 亿美元，从美洲开发银行获得 10 亿美元。

The loan is expected to bring El Salvador back into the international financial community after years of isolation following its adoption of BTC as legal tender. The IMF has consistently opposed the move, citing risks to financial stability and integrity, and has urged Bukele's government to cease accepting crypto as legal tender. Under the terms of the agreement with the IMF, El Salvador will make it optional for businesses to accept BTC as payment. It will also commit to reducing its budget deficit by three percentage points of GDP through spending cuts and tax increases. Additionally, the country must pass an anti-corruption law and increase its reserves from $11 billion to $15 billion.

萨尔瓦多在采用比特币作为法定货币后经历了多年的孤立，预计这笔贷款将使萨尔瓦多重返国际金融界。国际货币基金组织一直反对此举，理由是金融稳定和诚信面临风险，并敦促布克莱政府停止接受加密货币作为法定货币。根据与国际货币基金组织签署的协议条款，萨尔瓦多将允许企业选择接受比特币作为付款方式。它还将承诺通过削减开支和增加税收，将预算赤字减少占GDP的三个百分点。此外，该国必须通过反腐败法，并将外汇储备从 110 亿美元增加到 150 亿美元。

US Can Become Crypto Superpower, Says Eric Trump

埃里克·特朗普表示，美国可以成为加密货币超级大国

Eric Trump, executive vice president of the Trump Organization, believes that the US can become a cryptocurrency superpower with the right regulatory guidelines. He expressed his support for crypto and stated that his father, former President Donald Trump, intends to make America the crypto capital of the world if re-elected. Eric's comments follow BTC's recent突破 of the $100,000 mark, which market observers hailed as a significant milestone for crypto.

特朗普集团执行副总裁埃里克·特朗普认为，只要有正确的监管指导方针，美国就可以成为加密货币超级大国。他表达了对加密货币的支持，并表示他的父亲、前总统唐纳德·特朗普如果连任，打算让美国成为世界加密货币之都。 Eric 发表此番言论之前，BTC 最近突破了 10 万美元大关，市场观察人士称赞这是加密货币的一个重要里程碑。

"The modern banking system is outdated," said Eric Trump. "It's just a matter of time before crypto not only catches up but really leaps ahead. And so, we're incredibly excited on a lot of fronts. I think America will be the crypto capital of the world. I fully support it, my father fully supports it, and our family is fully embracing it. We believe in DeFi, and we believe that's the way of the future. America better lead the way, otherwise, we are going to leave a lot behind."

“现代银行体系已经过时了，”埃里克·特朗普说。 “加密货币不仅迎头赶上，而且真正实现飞跃，这只是时间问题。因此，我们在很多方面都感到非常兴奋。我认为美国将成为世界加密货币之都。我完全支持它，我的父亲完全支持它，我们的家人也完全接受它，我们相信这是未来的道路，美国最好带路，否则我们会留下很多东西。”

President-elect Donald Trump has recently nominated Paul Atkins to lead the United States Securities and Exchange Commission (SEC). Atkins, known for his crypto-friendly views, will replace Gary Gensler. Eric was also asked about his father's plans for regulating or deregulating crypto and what such policies might look like in practice.

当选总统唐纳德·特朗普最近提名保罗·阿特金斯领导美国证券交易委员会（SEC）。以其对加密货币友好的观点而闻名的阿特金斯将取代加里·詹斯勒。埃里克还被问及他父亲监管或放松加密货币监管的计划以及这些政策在实践中可能会是什么样子。

"It looks like it's transparent. That's what it is," said Eric. "The people in the crypto industry are frustrated that no one's ever put together a sensible plan as to how to regulate an industry. They're fine with regulation, but they just want guidelines, and they've said that. We will have a clear road map, and hopefully, the rest of the world will follow that. Hopefully, we can lead by example because that's what we should do as Americans. And hopefully, we truly are the crypto superpower of the world."

“它看起来像是透明的。就是这样，”埃里克说。 “加密货币行业的人们感到沮丧的是，没有人就如何监管一个行业制定出明智的计划。他们对监管很满意，但他们只是想要指导方针，而且他们也这么说过。我们将有一个明确的路线图，希望世界其他国家能够效仿，因为这就是我们作为美国人应该做的事情。”

Bitcoin (BTC) Price Analysis

比特币（BTC）价格分析

Bitcoin (BTC) experienced a dramatic fall amidst a broader crypto market rout, amplifying losses for crypto traders. The sharp drop is attributed to souring risk sentiment due to geopolitical tensions and uncertainty surrounding US interest rates. Additionally, BTC faced significant profit-taking after crossing the coveted $100,000 threshold. Traders also locked in their gains in other major altcoins.

在更广泛的加密货币市场暴跌中，比特币（BTC）经历了大幅下跌，扩大了加密货币交易者的损失。急剧下跌的原因是地缘政治紧张局势和美国利率的不确定性导致风险情绪恶化。此外，BTC 在突破令人垂涎的 10 万美元门槛后面临大幅获利了结。交易员还锁定了其他主要山寨币的收益。

The crypto market has been influenced by positive developments, such as the nomination of crypto-friendly candidates for key cabinet and regulatory positions. However, doubts have been raised about the level of regulatory support Trump may provide, with analysts dismissing the idea of a strategic reserve under his leadership.

加密货币市场受到了积极发展的影响，例如提名对加密货币友好的候选人担任关键内阁和监管职位。然而，人们对特朗普可能提供的监管支持水平表示怀疑，分析人士驳回了在他领导下建​​立战略储备的想法。

BTC's price chart indicates a substantial decline over the past few sessions, dropping below key support levels. The asset's bullish momentum has waned, especially after setting a new all-time high last week, as traders secured their profits and geopolitical factors impacted market sentiment. BTC began the previous week in the red, falling 1.25% on Monday and registering a slight decline on Tuesday, closing at $95,751 after briefly dipping below the 20-day SMA. However, it made a strong recovery on Wednesday, rising by nearly 3% and closing at $98,851. BTC faced unprecedented volatility on Thursday as it surpassed the critical $100,000 milestone, setting a new all-time high of $103,900. However, buyers quickly lost momentum at this level, and the price fell back, dropping below the 20-day SMA to a low of $92,285 before recovering and closing at $97,093.

比特币的价格图表显示，过去几个交易日大幅下跌，跌破了关键支撑位。该资产的看涨势头已经减弱，尤其是在上周创下新的历史高点之后，因为交易者获得了利润，而地缘政治因素影响了市场情绪。 BTC 上周开始下跌，周一下跌 1.25%，周二小幅下跌，在短暂跌破 20 日移动平均线后收于 95,751 美元。然而周三强劲反弹，上涨近3%，收于98,851美元。 BTC 周四面临前所未有的波动，突破了 100,000 美元的关键里程碑，创下了 103,900 美元的历史新高。然而，买家在此水平上很快失去动力，价格回落，跌破20日移动平均线至低点92,285美元，然后反弹并收于97,093美元。

Source: TradingView

来源：TradingView

Despite experiencing considerable volatility on Thursday, BTC recovered on Friday, rising by almost 3% and closing at $99,695. With sellers active at $100,000, BTC managed only a marginal increase on Saturday, moving to $99,728. BTC broke past the $100,000 mark again on Sunday, rising by 1.32% to $101,043. However, BTC and the broader crypto market experienced a significant decline on Monday. BTC plummeted below the 20-day SMA to an intraday low of $94,177. Nevertheless, it recovered from this level to climb above the 20-day SMA and close at $97,267, a decline of approximately 4%. BTC has remained bearish during the current session, with the price slightly down after recovering from an intraday low of $95,687.

尽管周四经历了相当大的波动，但比特币周五反弹，上涨近 3%，收于 99,695 美元。由于卖家活跃度为 100,000 美元，BTC 周六仅小幅上涨，升至 99,728 美元。 BTC周日再次突破10万美元大关，上涨1.32%至101,043美元。然而，比特币和更广泛的加密货币市场在周一经历了大幅下跌。 BTC 暴跌至 20 日均线下方，跌至日内低点 94,177 美元。尽管如此，它还是从该水平反弹，爬上20日移动平均线，收于97,267美元，跌幅约为4%。 BTC 在当前交易日仍保持看跌，价格从日内低点 95,687 美元反弹后小幅下跌。

BTC faces resistance at $98,000. If buyers regain control, BTC could reclaim $100,000 and push towards its all-time high. Conversely, if sellers retain control, BTC could drop to $95,000 once again.

BTC面临98,000美元的阻力。如果买家重新获得控制权，BTC 可能会夺回 10 万美元并推向历史新高。相反，如果卖家保留控制权，BTC 可能会再次跌至 95,000 美元。

Ethereum (ETH) Price Analysis

以太坊（ETH）价格分析

Ethereum (ETH) also suffered a significant decline this week amid the crypto market crash. ETH had a bullish start to the previous week despite a bearish beginning, falling by nearly 2% and closing at $3,645. Sellers maintained control on Tuesday as ETH dropped by 0.76% and closed at $3,617. Despite substantial selling pressure, ETH rebounded on Wednesday, rising by over 6% to surpass $3,700 and closing at $3,844. ETH faced significant volatility on Thursday as buyers and sellers struggled for control. Consequently, ETH fell to an intraday low of $3,644 and rose to an intraday high of $3,957 before closing at $3,787 after experiencing a decline of 1.48%.

由于加密市场崩盘，以太坊（ETH）本周也大幅下跌。 ETH 上周开局看涨，尽管开局看跌，下跌近 2%，收于 3,645 美元。周二，卖家维持控制，ETH 下跌 0.76%，收于 3,617 美元。尽管抛售压力巨大，但 ETH 周三仍反弹，涨幅超过 6%，突破 3,700 美元，收于 3,844 美元。由于买家和卖家争夺控制权，以太坊周四面临大幅波动。因此，ETH 跌至盘中低点 3,644 美元，并升至盘中高点 3,957 美元，最终下跌 1.48%，最终收于 3,787 美元。

Source: TradingView

来源：TradingView

The price recovered on Friday as it surged past $4,000 and reached an intraday high of $4,093. However, buyers lost momentum at this level, and ETH eventually closed at $4,003 after an increase of nearly 6%. With sellers active at this level, ETH registered a slight

周五价格回升，飙升至 4,000 美元以上，并达到日内高点 4,093 美元。然而，买家在这个水平上失去了动力，ETH 在上涨近 6% 后最终收于 4,003 美元。由于卖家在此水平上活跃，ETH 略有小幅上涨