加密貨幣市場捲軸：過山車之旅仍在繼續

Crypto Market Feels the Pain: Why the Roller Coaster Ride?

加密貨幣市場感受到痛苦：為什麼要坐雲霄飛車？

Is the Crypto Market in Free Fall?

加密貨幣市場正在自由落體嗎？

The crypto market has been on a wild ride this week, with prices tumbling and DeFi activity slowing down. The total market cap has shed 6.67% over the past seven days, with major coins taking a hit on their recent gains.

本週，加密貨幣市場經歷了瘋狂的發展，價格暴跌，DeFi 活動放緩。過去 7 天，總市值下跌 6.67%，主要代幣近期漲幅受到打擊。

What's Weighing on Bitcoin and Altcoins?

是什麼對比特幣和山寨幣造成壓力？

Is Bitcoin's Bull Run Running Out of Steam?

比特幣的牛市已經失去動力了嗎？

Bitcoin, the market leader, has lost 5.95% this week and 0.52% in the past 24 hours. Trading volume has plunged to $36.1 billion, a 12% drop from the week's highs. BTC is now trading at $64,779, about 12.3% below its all-time high of $73,750 reached nine days ago.

市場領頭羊比特幣本週下跌 5.95%，過去 24 小時下跌 0.52%。交易量已驟降至 361 億美元，較本周高點下降 12%。 BTC 目前交易價格為 64,779 美元，比九天前創下的歷史高點 73,750 美元低約 12.3%。

The approval of spot ETFs in the U.S. was supposed to be a game-changer for crypto, but some experts believe miners and traders are positioning for the upcoming halving event, which could be weighing on the market.

美國現貨 ETF 的批准本應改變加密貨幣的遊戲規則，但一些專家認為，礦商和交易商正在為即將到來的減半事件做好準備，這可能會給市場帶來壓力。

Ethereum's ETF Blues

以太坊 ETF 藍調

Ethereum (ETH) has suffered even more, losing 9.5% this week and 2.57% in the past 24 hours. Institutional investors have pulled out slightly from ETH due to delays in its spot ETF approval.

以太坊（ETH）遭受的損失更大，本週下跌 9.5%，過去 24 小時下跌 2.57%。由於現貨 ETF 批准的延遲，機構投資者已小幅撤出 ETH。

Altcoins Get Hammered

山寨幣受到重創

BNB, Solana (SOL), and Ripple have all taken a beating this week, dropping 9.33%, 10.7%, and 2.4%, respectively.

BNB、Solana (SOL) 和 Ripple 本週都遭受重創，分別下跌 9.33%、10.7% 和 2.4%。

What's Next for Crypto?

加密貨幣的下一步是什麼？

Is the Crypto Party Over?

加密派對結束了嗎？

Despite the recent losses, the crypto market has had a strong run in recent months. Bitcoin hit an all-time high, and ETH broke through $4,000. Both assets have also shown monthly gains of 25.8% and 14%, respectively.

儘管最近出現了虧損，但加密貨幣市場近幾個月來仍表現強勁。比特幣創歷史新高，ETH突破4000美元。這兩種資產的月漲幅分別為 25.8% 和 14%。

Memecoins have also seen impressive gains, but they have faced some correction as crypto prices have fallen.

Memecoin 也取得了令人印象深刻的收益，但隨著加密貨幣價格下跌，它們面臨一些調整。

It remains to be seen whether the recent losses are a temporary setback or a sign of a more prolonged downturn. But for now, the crypto market is feeling the heat.

最近的損失是暫時的挫折還是更長期低迷的跡象還有待觀察。但目前，加密貨幣市場正感受到熱度。