加密貨幣市場翻覆：比特幣暴跌引發山寨幣大屠殺

Bitcoin's dramatic fall on Tuesday morning,跌至67,000美元，引發了加密貨幣產業的大規模拋售。受此影響，以太坊經典(ETC)、艾克薩(AXL)、比特洪流(BTT)和Jasmy等山寨幣均大幅下跌，跌幅均超過12%。山寨幣往往與比特幣走勢一致。

Cryptocurrency Market Capsizes in Red Tide, Altcoins Plunge as Bitcoin Falters

加密貨幣市場掀起紅潮，山寨幣隨著比特幣的動搖而暴跌

A crimson surge washed over the cryptocurrency industry on Tuesday morning, as the once-resurgent Bitcoin stumbled precipitously from its recent highs. After briefly soaring above $70,000 last week, the digital titan plummeted to $67,000, triggering a widespread sell-off that sent altcoins tumbling in its wake.

週二早上，加密貨幣行業出現了深紅色的上漲，一度復甦的比特幣從近期高點急劇下跌。在上週短暫飆升至 7 萬美元以上後，這家數位巨頭暴跌至 67,000 美元，引發了廣泛的拋售，導致山寨幣隨之暴跌。

Among the most severely affected altcoins were Conflux (CFX), Axelar (AXL), BitTorrent (BTT), and Jasmy, each experiencing double-digit losses exceeding 12% in the past 24 hours. The sharp decline in Bitcoin's value has historically influenced altcoin movements, as they often mirror the price fluctuations of their larger counterpart.

受影響最嚴重的山寨幣包括 Conflux (CFX)、Axelar (AXL)、BitTorrent (BTT) 和 Jasmy，它們在過去 24 小時內都經歷了超過 12% 的兩位數損失。比特幣價值的急劇下跌歷來影響山寨幣的走勢，因為它們通常反映了較大同類貨幣的價格波動。

Conflux, a decentralized blockchain network, saw its price dive despite the Chinese government's recent launch of the Ultra Large Scale Blockchain Infrastructure Platform for the Belt Road Initiative. This initiative aims to provide public blockchain infrastructure for cross-border cooperation among projects, leveraging China's massive investment in the BRI.

儘管中國政府最近為「一帶一路」倡議推出了超大規模區塊鏈基礎設施平台，但去中心化區塊鏈網路 Conflux 的價格仍出現大幅下跌。該倡議旨在利用中國對「一帶一路」的大量投資，為專案之間的跨境合作提供公共區塊鏈基礎設施。

Axelar Network, a blockchain infrastructure provider offering payment solutions for the Web3, has also witnessed a two-day crash, with its token value plunging by over 33% from its 2023 high. BitTorrent (BTT), known for its file-sharing protocol, has similarly lost over 33% of its value since the year's inception.

為 Web3 提供支付解決方案的區塊鏈基礎設施供應商 Axelar Network 也經歷了兩天的崩盤，其代幣價值較 2023 年高點暴跌超過 33%。以其文件共享協議而聞名的 BitTorrent (BTT) 自今年以來同樣損失了超過 33% 的價值。

JasmyCoin, often hailed as Japan's Bitcoin, has also succumbed to the downward spiral, suffering a significant decline. The primary catalyst behind this altcoin sell-off lies in Bitcoin's downward trajectory, with market participants expressing apprehension about investing in the cryptocurrency at prices above $71,000.

經常被譽為日本比特幣的JasmyCoin也陷入了螺旋式下降，大幅下跌。這次山寨幣拋售背後的主要催化劑在於比特幣的下行軌跡，市場參與者對以高於 71,000 美元的價格投資加密貨幣表示擔憂。

Another factor contributing to the market's downturn is the growing belief that the Federal Reserve may adopt a less dovish monetary policy than previously anticipated. On Monday, the Institute of Supply Management (ISM) reported that the country's manufacturing PMI exceeded 50 for the first time in two years.

導致市場低迷的另一個因素是人們越來越相信聯準會可能會採取比之前預期不那麼溫和的貨幣政策。週一，供應管理協會(ISM)報告稱，該國製造業PMI兩年來首次突破50。

This data suggests that the economy is performing well, while inflation remains stubbornly high. The headline Consumer Price Index (CPI) rose to 3.1% in February, while the core CPI jumped to 3.8%, both significantly above the Federal Reserve's target of 2.0%.

此數據顯示經濟表現良好，而通膨仍居高不下。 2 月整體消費者物價指數 (CPI) 升至 3.1%，核心 CPI 躍升至 3.8%，均大幅高於聯準會 2.0% 的目標。

In light of these economic indicators, analysts are now predicting that the Fed may implement only two rate cuts later this year, lower than the previous estimate of three cuts. The prospect of a less accommodative monetary policy traditionally dampens investor sentiment in riskier assets such as cryptocurrencies and stocks.

鑑於這些經濟指標，分析師現在預測聯準會今年稍晚可能僅實施兩次降息，低於先前預計的三次降息。貨幣政策較不寬鬆的前景傳統上會抑制投資人對加密貨幣和股票等風險較高資產的情緒。

Consequently, the broader stock market also suffered on Monday, with key US indices like the Nasdaq 100 and S&P 500 experiencing notable declines. This correlation between the cryptocurrency and stock markets highlights the growing maturity of crypto assets and their increasing integration into the mainstream financial system.

因此，週一整體股市也遭受重創，納斯達克 100 指數和標準普爾 500 指數等美國主要指數均大幅下跌。加密貨幣和股票市場之間的這種相關性凸顯了加密資產的日益成熟及其與主流金融體系的日益融合。

As the market continues to grapple with the implications of the Fed's potential policy shift, investors are closely monitoring Bitcoin's movements, anticipating that its future trajectory will shape the fate of altcoins in the coming days and weeks.

隨著市場繼續努力應對聯準會潛在政策轉變的影響，投資者正在密切關注比特幣的走勢，預計其未來軌跡將在未來幾天和幾週內決定山寨幣的命運。