隨著比特幣進入熊市市場

以太坊是市值第二大加密貨幣，在過去的24小時內，其市值顯著下降。

Cryptocurrency prices have continued to decline, with Ethereum (ETH) and Dogecoin (DOGE) leading the losses among large-cap digital assets. This correction comes as the broader market sentiment turns bearish and cautious.

以太坊（ETH）和Dogecoin（Doge）帶來了大型數字資產的損失，加密貨幣價格一直在下跌。這種更正是隨著更廣泛的市場情緒變成看跌和謹慎的。

Ethereum And Dogecoin Market Cap Takes A Hit

以太坊和狗狗幣市值受到了打擊

以太坊和狗狗幣市值受到了打擊

In the last 24 hours, Ethereum has seen the biggest decrease in market cap among the top 10 cryptocurrencies. While the price of ETH fell to $1,910 and its market cap went down by 7.8%, the trading volume of the second-largest cryptocurrency has seen a 80% increase.

在過去的24小時內，以太坊的市值最大，在十大加密貨幣中。儘管ETH的價格下跌至1,910美元，其市值下降了7.8％，但第二大加密貨幣的交易量增加了80％。

This unfortunate drop in valuation for Ethereum can be attributed to a combination of factors. Investor caution ahead of key economic reports and ongoing bearish sentiments have contributed to the decline in both Bitcoin and altcoins.

以太坊的估值下降可以歸因於多種因素。投資者在關鍵的經濟報告和持續看跌的情緒之前的謹慎促進了比特幣和山寨幣的下降。

Similarly, Dogecoin (DOGE), the number one meme coin, has also experienced steep losses in both its value and market cap. Despite a 30.5% increase in trading volume for Dogecoin, its market cap has fallen by 6.6%.

同樣，第一枚模因硬幣Dogecoin（Doge）也遭受了其價值和市值的巨大損失。儘管Dogecoin的交易量增加了30.5％，但其市值下降了6.6％。

This decline follows the recent surge in meme-based cryptocurrencies earlier this year, which seems to be losing momentum. As of writing, the Dogecoin price is trading at $0.16, reflecting a deep correction of 16.8% in the last seven days and a massive 37% crash over the past month.

這種下降是在今年早些時候基於模因的加密貨幣的最近激增，這似乎正在失去動力。截至撰寫本文時，Dogecoin價格的交易價格為0.16美元，反映了過去7天的16.8％的高度更正，過去一個月的撞車事故發生了37％。

It is worth noting that the decline in both Dogecoin and Ethereum’s market cap is the highest in the last 24 hours, with coins in the top 10 experiencing a less than 2% drop.

值得注意的是，狗狗幣和以太坊的市值下降是過去24小時內最高的，在前十名中，硬幣的下降幅度不到2％。

This massive drop in both cryptocurrencies comes as analysts confirm that Bitcoin has entered bear market territory.

由於分析師確認比特幣已經進入熊市領土，這兩種加密貨幣的這種大量下降。

Bitcoin And Altcoins Enter Bear Market

比特幣和Altcoins進入熊市

比特幣和Altcoins進入熊市

According to crypto analyst Tony Severino, Bitcoin (BTC) may have entered bear market territory as the pioneer cryptocurrency faces decreasing momentum.

根據加密分析師托尼·塞弗里諾（Tony Severino）的說法，比特幣（BTC）可能進入了熊市領土，因為先鋒加密貨幣面孔的勢頭降低了動力。

Severino’s analysis applies the Elliott Wave Theory, which claims that the bear market for altcoins started in 2022, coinciding with Bitcoin’s Wave 5.

Severino的分析應用了Elliott Wave理論，該理論聲稱Altcoins的熊市始於2022年，與比特幣的Wave 5相吻合。

During this period, the market saw a rise in interest rates and Quantitative Tightening (QT), where central banks reduced liquidity in financial markets. Since altcoins thrive when there is excess liquidity, economic tightening has led to weak performance for these digital currencies.

在此期間，市場的利率和定量收緊（QT）上升，中央銀行降低了金融市場的流動性。由於AltCoins在流動性過多時蓬勃發展，因此經濟收緊導致這些數字貨幣的性能較弱。

Severino argues that Bitcoin’s Wave 5 lacked the usual strength of a true bull market top. Based on the Elliott Wave Theory, the fifth wave has always been weaker than the third in terms of price speed, volume, and breadth.

Severino認為，比特幣的Wave 5缺乏真正的牛市頂級的通常力量。基於埃利奧特波（Elliott Wave）理論，就價格速度，數量和廣度而言，第五波始終比第三波弱。

The analyst also referenced a textbook that explains that Wave 5 tends to be sideways and weak, often preceding the bear market as it indicates waning momentum.

分析師還引用了一本教科書，該教科書解釋說，第5波往往是側面而弱的，通常是在熊市市場之前表明勢頭減弱的勢頭。

The overall conclusion of Severino’s analysis is that the altcoin bear market, which began more than three years ago, has never really ended since economic conditions haven’t returned to what they were before 2022. As a result, the bear market for altcoins continues, while Bitcoin has entered bear market territory.

Severino分析的總體結論是，始於三年前的Altcoin Bear Market從未真正結束，因為經濟狀況還沒有恢復到2022年之前的狀況。結果，Altcoins的熊市仍在繼續，而Bitcoin進入了熊市市場。