Dogecoin Surges Amid Market Dip, Bitcoin Flounders

狗狗币在市场下跌中飙升，比特币陷入困境

As major cryptocurrencies faced declines ahead of the US elections, Dogecoin (DOGE) defied the trend with a remarkable 12% jump. Bitcoin (BTC), the crypto giant, remained indecisive, fluctuating around $69,000.

由于主要加密货币在美国大选前面临下跌，狗狗币 (DOGE) 逆势上涨 12%。加密巨头比特币（BTC）依然犹豫不决，在 69,000 美元左右波动。

Dogecoin's Meteoric Rise

狗狗币的迅速崛起

Dogecoin has witnessed a meteoric 54% surge over the past 30 days, partially attributed to Elon Musk's endorsement. The proposed Department of Government Efficiency (D.O.G.E.) has fueled speculation about DOGE's role in streamlining government spending.

狗狗币在过去 30 天里飙升了 54%，部分归功于埃隆·马斯克的背书。拟议中的政府效率部 (D.O.G.E.) 引发了人们对 DOGE 在精简政府支出方面的作用的猜测。

The current rally, which has seen a 12% gain in a single day, has reversed DOGE's recent losses and pushed it into the green on longer timeframes. It has surged by an impressive 88% year-to-date, trading at an average of $0.168 at the time of writing. Its 24-hour trading volume has also increased by 56%, reaching $3.2 billion.

目前的反弹单日涨幅达 12%，扭转了 DOGE 最近的跌势，并在较长时间内将其推向绿色。今年迄今，该股已飙升 88%，令人印象深刻，截至撰写本文时，平均交易价格为 0.168 美元。其24小时交易量也增长了56%，达到32亿美元。

Bullish Sentiment Drives DOGE

看涨情绪推动DOGE

Data from Coinglass reveals that $17.31 million worth of Dogecoin bets (both long and short) have been liquidated in the past 24 hours. Notably, 57% ($9.90 million) of these liquidations were short positions. This indicates that traders anticipated a drop in DOGE's price, but bullish sentiment prevailed.

Coinglass 的数据显示，过去 24 小时内价值 1731 万美元的狗狗币押注（包括多头和空头）已被清算。值得注意的是，这些清算中 57%（990 万美元）是空头头寸。这表明交易者预计 DOGE 价格会下跌，但看涨情绪占主导地位。

The surge in DOGE has boosted the entire meme token market, which has spiked by 5% within the last 24 hours to $57.41 billion. Its trading volume has increased by 16% to $6.75 billion.

DOGE 的飙升提振了整个 meme 代币市场，在过去 24 小时内飙升 5% 至 574.1 亿美元。其交易量增长了16%，达到67.5亿美元。

Bitcoin Under Pressure

比特币面临压力

Bitcoin has encountered selling pressure due to the movement of $2.2 billion worth of BTC from the defunct Mt. Gox exchange. This raises concerns over creditor repayments and a potential sell-off. Moreover, Bitcoin ETFs experienced a record $579.5 million outflow on Monday, reflecting market volatility ahead of the elections.

由于价值 22 亿美元的 BTC 从已解散的 Mt. Gox 交易所流出，比特币面临抛售压力。这引发了对债权人偿还和潜在抛售的担忧。此外，比特币 ETF 周一经历了创纪录的 5.795 亿美元资金流出，反映出选举前的市场波动。

The close race between pro-cryptocurrency candidate Donald Trump and regulatory advocate Kamala Harris has heightened uncertainty among traders. The election outcome could heavily influence Bitcoin's policy direction and subsequent price movements.

支持加密货币的候选人唐纳德·特朗普和监管倡导者卡玛拉·哈里斯之间的激烈竞争加剧了交易员的不确定性。选举结果可能会严重影响比特币的政策方向和随后的价格走势。

Bitcoin has declined by over 3% in the past week, down from its March all-time high of $73,700. It currently trades at an average of $68,916.

比特币在过去一周下跌了 3% 以上，低于 3 月份的历史高点 73,700 美元。目前其平均交易价格为 68,916 美元。