加密貨幣崩潰正在進行中，使投資者損失了數十億美元

比特幣的價格低於85,000美元，而諸如Cardano（ADA），IOTA（IOTA），Jasmycoin（Jasmycoin（Jasmy）和Pi Network（PI）之類的流行名稱都以雙位數量下降

The crypto market is now in a bear market, with Bitcoin (BTC) plunging below $85,000 and popular altcoins like Cardano (ADA), IOTA (IOTA), JasmyCoin (JASMY), and Pi Network (PI) dropping by double digits in the last few weeks.

加密市場現在處於熊市，比特幣（BTC）低於$ 85,000，流行的山寨幣（如卡爾達諾（ADA），IOTA），IOTA（IOTA），Jasmycoin（Jasmycoin（Jasmy）和PI Network（PI）在過去幾周中下降了兩倍。

This crash has wiped out billions of dollars in investor capital, with many new investors now fearing they will lose all their savings. So, why are crypto prices down, and what will happen next?

這次崩潰已經消除了數十億美元的投資者資本，現在許多新的投資者擔心他們會失去所有的儲蓄。那麼，為什麼加密價格下跌，接下來會發生什麼？

Nasdaq 100 and S&P 500 Fall Below 200-Day Moving Average

納斯達克100和標準普爾500降低到200天移動平均水平以下

Another reason for the crash in crypto coins like Cardano, Jasmy, IOTA, and Pi Network is the concurrent decline in American equities. The blue-chip S&P 500 and Nasdaq 100 indices have both fallen below the 200-day Weighted Moving Averages (WMA).

加密貨幣崩潰的另一個原因是Cardano，Jasmy，Iota和Pi Network等美國股票的同時下降。藍芯片S＆P 500和NASDAQ 100指數均低於200天加權運動平均值（WMA）。

This drop is a sign that bears have prevailed and that they may continue falling in the near term.

這滴是熊已經盛行的標誌，它們可能會在短期內繼續落下。

These indices have also crashed as the fear and greed index moved to the extreme fear zone of 18. They have dropped because of the fear that the US may enter a recession due to Trump’s tariffs.

這些指數也崩潰了，因為恐懼和貪婪指數轉移到了18個極端的恐懼區。由於擔心美國可能因特朗普的關稅而進入衰退，因此它們已經下降了。

American stocks closely correlate with cryptocurrency prices, as both are viewed as risky assets.

美國股票與加密貨幣價格密切相關，因為兩者都被視為風險資產。

Bitcoin Price Double Top Caused the Crypto Crash

比特幣價格雙頂造成加密貨幣崩潰

A key reason for the crash in altcoins like Cardano, IOTA, and Jasmy is that Bitcoin has formed a double-top pattern at $108,330. A double-top is one of the top bearish patterns in the market, and often leads to more declines.

Cardano，Iota和Jasmy等Altcoins崩潰的關鍵原因是，比特幣以108,330美元的價格形成了雙頂模式。雙頂是市場上最高的看跌模式之一，並且通常會導致更多下降。

Bitcoin has now dropped below the neckline at $89,223, suggesting more downside in the coming months. A big drop will indicate more declines to the key support at $73,750, the lowest point in March last year.

現在，比特幣以89,223美元的價格下降到領口以下，這表明在未來幾個月內有更多的缺點。大量下降將表明，主要支持的下降幅度為73,750美元，這是去年3月的最低點。

Altcoins are often driven by Bitcoin’s price action. In most cases, many of these altcoins decline when Bitcoin is in a steep downward trend and rise when it is soaring.

AltCoins通常是由比特幣的價格行動驅動的。在大多數情況下，當比特幣處於陡峭的趨勢並飆升時上升時，這些山寨幣中的許多人都會下降。

Crypto Crash: “Buy the Rumor, Sell the News”

加密貨幣崩潰：“買謠言，賣新聞”

A key reason Bitcoin and other altcoins like Cardano, IOTA, and Pi Network crashed is “buy the rumor, sell the news”. Most of these tokens rose last week after Trump announced crypto reserves and after he held the inaugural crypto summit.

比特幣和其他Altcoins（例如Cardano，Iota和Pi網絡）崩潰的關鍵原因是“購買謠言，賣出新聞”。在特朗普宣布加密儲備金和舉行首屆加密賽峰會之後，這些代幣中的大多數上週上升。

With the crypto summit over, many of these altcoins are declining as investors sell the news. This refers to a situation where an asset rises ahead of a major event and then falls afterward. For example, most coins rose after Trump’s election and then dropped after he was sworn in.

隨著加密峰會的結束，隨著投資者出售新聞，許多山寨幣都在下降。這是指資產在重大事件之前上升然後之後跌落的情況。例如，大多數硬幣在特朗普當選後升起，然後在宣誓就職後掉了下來。

What Next for Altcoins Like Cardano, Jasmy, IOTA, and Pi Network?

Cardano，Jasmy，Iota和Pi Network等Altcoins的下一個接下來是什麼？

These tokens may continue falling in the coming days as the fear and greed index falls and as concerns about a recession remain. However, on the positive side, the US dollar index and bond yields have crashed, signaling that the Federal Reserve will start cutting interest rates soon, which is a good catalyst.

隨著恐懼和貪婪的指數下降，這些令牌可能會繼續在未來幾天繼續下降，並且由於對經濟衰退的擔憂仍然存在。但是，從積極的一面來看，美元指數和債券收益率已經崩潰，這表明美聯儲將很快開始降低利率，這是一個很好的催化劑。