Dogecoin and Shiba Inu: Price Declines Amidst Crypto Market Downtrend

狗狗币和柴犬：加密货币市场下行趋势中价格下跌

Uncertainty and Volatility in the Cryptocurrency Market

加密货币市场的不确定性和波动性

This week, Dogecoin (DOGE) and Shiba Inu (SHIB) experienced significant price declines of over 10%. The downtrend can be attributed to macroeconomic factors that have raised concerns among investors.

本周，狗狗币 (DOGE) 和柴犬 (SHIB) 的价格大幅下跌超过 10%。下跌趋势可归因于引发投资者担忧的宏观经济因素。

Impact of the US Federal Reserve's Stance

美联储立场的影响

The release of Consumer Price Index (CPI) inflation data below expectations initially boosted the crypto market. However, subsequent hawkish remarks by Federal Reserve Chair Jerome Powell cast a shadow of doubt. He indicated that the Fed was not yet inclined to cut interest rates.

低于预期的消费者价格指数（CPI）通胀数据的发布最初提振了加密货币市场。然而，美联储主席鲍威尔随后的鹰派言论却蒙上了疑虑。他表示，美联储目前还没有降息的倾向。

This stance dampened investor confidence in risk assets, including cryptocurrencies. Led by Bitcoin, the crypto market witnessed a sharp correction following Powell's speech. As a result, Dogecoin and Shiba Inu, being speculative assets, bore the brunt of the sell-off.

这一立场削弱了投资者对包括加密货币在内的风险资产的信心。鲍威尔讲话后，以比特币为首的加密货币市场出现大幅回调。因此，狗狗币和柴犬作为投机资产，首当其冲受到抛售。

Correlation with Bitcoin

与比特币的相关性

Data from IntoTheBlock suggests that meme coins like Dogecoin and Shiba Inu remain highly correlated with Bitcoin's price movements. Therefore, their decline was largely influenced by Bitcoin's downward trajectory.

来自 IntoTheBlock 的数据表明，像狗狗币和柴犬这样的模因币仍然与比特币的价格走势高度相关。因此，它们的下跌很大程度上受到了比特币下跌轨迹的影响。

Shiba Inu's Sell Pressure

柴犬的抛售压力

Shiba Inu's price drop can also be attributed to recent massive selling pressure. Whales moved 4.29 trillion Shiba Inu tokens to Coinbase, indicating their intention to sell their holdings.

柴犬价格下跌也可归因于近期巨大的抛售压力。鲸鱼将 4.29 万亿枚柴犬代币转移到 Coinbase，表明他们打算出售所持资产。

Optimistic Outlook for Dogecoin and Shiba Inu

狗狗币和柴犬的乐观前景

Despite the current challenges, analysts believe that Dogecoin and Shiba Inu have the potential to rebound. Bitcoin's recent recovery has boosted optimism, with analysts predicting a similar positive trend for Dogecoin.

尽管目前面临挑战，但分析师认为狗狗币和柴犬有反弹的潜力。比特币最近的复苏提振了乐观情绪，分析师预测狗狗币也会出现类似的积极趋势。

Furthermore, the Shiba Inu burn rate has surged by over 863% in the past 24 hours, suggesting a positive long-term outlook for the coin.

此外，过去 24 小时内，柴犬销毁率飙升了 863% 以上，表明该代币的长期前景乐观。

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免责声明：

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