The entirety of the crypto market is experiencing a bloodbath right now after the Bitcoin price dumped below $70,000 and Dogecoin and Shiba Inu are not left out. Both meme coins have seen their values tumble by at least 5% in the last day alone, leaving investors to wonder what could be behind this price decline.

在比特币价格跌破 70,000 美元之后，整个加密市场正在经历一场血洗，狗狗币和柴犬也不例外。仅在最后一天，这两种 Meme 代币的价值就下跌了至少 5%，这让投资者想知道价格下跌背后的原因是什么。

Dogecoin And Shiba Inu Fall 5%

A consequence of the crypto market closely trailing the Bitcoin price is the fact that when the premier cryptocurrency does begin falling, it takes the market down with it. It is also no surprise that during these times, meme coins have suffered some of the biggest losses, as they are infamous for their high volatility and wild price fluctuations.

狗狗币和柴犬下跌 5% 加密货币市场紧随比特币价格的一个后果是，当主要的加密货币确实开始下跌时，市场也会随之下跌。毫不奇怪，在这些时期，模因币遭受了一些最大的损失，因为它们因其高波动性和剧烈的价格波动而臭名昭著。

Given this, despite the fact that Bitcoin has only seen a less than 2% decline in the last day, and Ethereum came in at a less than 3% loss, meme coins Dogecoin and Shiba Inu have notched losses of up to 5% in the same time period.

相关阅读：加密货币分析师确定 XRP 的“三驼峰”和“弹跳点”，目标是什么？鉴于此，尽管比特币在最后一天仅下跌了不到 2％，而以太坊的跌幅仅为 2％狗狗币和柴犬的损失不到 3%，同期损失高达 5%。

The Dogecoin price had been trending above $0.2 before the crash and ended up falling briefly below $019. In the same vein, the Shiba Inu price reached above $0.000029, but the price crash sent it tumbling below $0.000027 before reclaiming $0.000027 once again, with bulls aiming to establish support at this level.

狗狗币价格在崩盘前一直高于 0.2 美元，最终短暂跌破 019 美元。同样，柴犬价格升至 0.000029 美元上方，但价格暴跌使其跌破 0.000027 美元，然后再次收复 0.000027 美元，多头旨在在此水平建立支撑。

Sentiment in both camps of these meme coins has also suffered tremendously as fear of another extended bearish streak plagues the community. The decline is more noticeable in the Shiba Inu metrics as its daily trading volume has seen a significant 17% slump in the last day. In comparison, Dogecoin has fared better, still seeing meager gains of 0.4% in its daily trading volume, according to data from Coinmarketcap.

由于担心再次出现持续的看跌趋势困扰着社区，这些模因硬币的两个阵营的情绪也受到了极大的打击。 Shiba Inu 指标的下降更为明显，因为其每日交易量在最后一天大幅下降了 17%。相比之下，狗狗币的表现要好一些，根据 Coinmarketcap 的数据，其每日交易量仍微幅增长 0.4%。

What’s Driving The Decline?

As mentioned above, the decline in the Dogecoin and Shiba Inu price, as well as the broader cryptocurrency market decline, is being driven by the fall in the Bitcoin price. So, to know what is causing the fall in Dogecoin and Shiba Inu means to find out why the Bitcoin price tumbled in the first place.

是什么推动了下跌？如上所述，狗狗币和柴犬价格的下跌，以及更广泛的加密货币市场的下跌，是由比特币价格下跌推动的。因此，要了解导致狗狗币和柴犬下跌的原因，就意味着首先要找出比特币价格暴跌的原因。

One prominent factor driving the decline in price is the US inflation data. Over the past few months, the inflation data has come in poorer than expected, and with a 75 basis point (bps) rate cut expected later this year, investors are recoiling from risk assets such as Bitcoin.

相关阅读：Floki 和 TokenFi 开发者提出改变游戏规则的升级——这就是它的作用推动价格下跌的一个突出因素是美国通胀数据。过去几个月，通胀数据差于预期，预计今年晚些时候降息 75 个基点 (bps)，投资者对比特币等风险资产望而却步。

Another driver is the expectation of a pre-halving crash. In the past, the Bitcoin price has seen a 20-30% decline in the price leading up to the halving event, and investors expect a repeat of this trend. However, with Bitcoin deviating from this trend, such as hitting a new all-time high before a halving event for the first time in history, the accuracy of this prediction is being called into question.

另一个驱动因素是对减半前崩盘的预期。过去，比特币价格在减半事件之前曾下跌 20-30%，投资者预计这一趋势会重演。然而，随着比特币偏离这一趋势，例如历史上首次在减半事件之前创下历史新高，这一预测的准确性受到质疑。

DOGE price tumbles amid market turmoil | Source: DOGEUSDT on Tradingview.com

DOGE价格在市场动荡中暴跌|资料来源：Tradingview.com 上的 DOGEUSDT 精选图片来自 Analytics Insight，图表来自 Tradingview.com