Crypto Market Experiences Sell-Off: Dogecoin Takes a Hit

加密货币市场遭遇抛售：狗狗币遭受重创

The cryptocurrency market has witnessed a significant sell-off, with Bitcoin and other major cryptocurrencies experiencing losses. Among the hardest hit was Dogecoin (DOGE), which saw substantial liquidations totaling $29 million, as per CoinGlass data.

加密货币市场出现大幅抛售，比特币和其他主要加密货币都遭受损失。受打击最严重的是狗狗币 (DOGE)，根据 CoinGlass 的数据，该币的清算总额高达 2900 万美元。

Macroeconomic Concerns and Profit-Taking

宏观经济担忧和获利回吐

The market pullback comes amid concerns over macroeconomic conditions and profit-taking by traders. The Federal Reserve's cautious outlook for interest rate cuts has weighed on speculative investments, contributing to the bearish sentiment.

市场回调是由于对宏观经济状况和交易员获利了结的担忧而出现的。美联储对降息的谨慎前景打压了投机性投资，加剧了看跌情绪。

Bitcoin and Dogecoin's Decline

比特币和狗狗币的衰落

Bitcoin briefly dipped below $98,698 on Thursday, while most altcoins, including Dogecoin, faced similar declines. Currently, Dogecoin's price has dropped by 6.05% in the past 24 hours, hovering around $0.365 after reaching lows of $0.34.

比特币周四短暂跌破 98,698 美元，而包括狗狗币在内的大多数山寨币也面临类似的下跌。目前，狗狗币的价格在过去24小时内下跌了6.05%，在触及0.34美元的低点后徘徊在0.365美元附近。

Liquidation Details

清算详情

According to CoinGlass, $24.59 million worth of bullish bets on DOGE were liquidated in the last 24 hours, while shorts accounted for $5.93 million in liquidations.

根据 CoinGlass 的数据，过去 24 小时内，价值 2459 万美元的 DOGE 看涨押注被清算，而空头押注则被清算 593 万美元。

Market Sell-Off Triggered by Fed's Signal

美联储信号引发市场抛售

The crypto market sell-off was fueled by the Federal Reserve's indication of fewer interest rate cuts. Lower rates typically stimulate demand for riskier assets, including cryptocurrencies.

美联储表示降息幅度较小，加剧了加密货币市场的抛售。较低的利率通常会刺激对包括加密货币在内的风险较高资产的需求。

Fed's Rate Cut and Outlook

美联储降息及展望

The Federal Reserve cut its key interest rate by 0.25%, aligning with market expectations. However, the central bank warned against further cuts in the near future. Fed Chair Jerome Powell emphasized the need for progress on inflation before considering additional easing of monetary policy.

美联储将关键利率下调0.25%，符合市场预期。不过，央行警告近期不要进一步降息。美联储主席杰罗姆·鲍威尔强调，在考虑进一步放松货币政策之前，需要在通胀方面取得进展。

Liquidation Volume

清算量

The market decline resulted in liquidations amounting to $787 million, with bullish bets accounting for $661 million and shorts for $125 million.

市场下跌导致平仓金额达 7.87 亿美元，其中看涨押注为 6.61 亿美元，空头押注为 1.25 亿美元。