隨著加密貨幣市場恢復其下降趨勢，PI網絡（PI）價格下跌13％

加密貨幣價格在周二恢復了他們的下降趨勢，因為市場參與者等待了今年的第二個美聯儲利率決定。

Cryptocurrency prices resumed their downward trend on Tuesday as market participants prepared for the second Federal Reserve interest rate decision of the year.

由於市場參與者為今年第二次美聯儲利率決定做準備，加密貨幣價格恢復了周二的下降趨勢。

Pi Network (PI) token price slid almost 13% as one of the worst performers. JasmyCoin (JASMY) dropped 6%, while Litecoin (LTC) and Ethena (ENA) fell by over 5%.

PI Network（PI）代幣價格將近13％，是表現最差的人之一。茉莉（Jasmycoin）（Jasmy）下降了6％，而萊特幣（LTC）和埃塞納（Ethena）（ENA）下跌了5％以上。

The total market cap of all cryptocurrencies decreased by 1.70% to reach $2.7 trillion. This marks a decline of more than $1 trillion in value over the past few months. Total liquidations in the last 24 hours rose above $227 million.

所有加密貨幣的總市值下降了1.70％，達到2.7萬億美元。這標誌著過去幾個月的價值超過1萬億美元。過去24小時的總清算量超過2.27億美元。

The crypto sell-off was in sync with a stock market downturn. The Dow Jones index slid by 410 points, and the tech-heavy Nasdaq 100 declined by 350 points. Top blue-chip stocks, including NVIDIA, Tesla, Microsoft, and Apple, each slid by over 1%.

加密貨幣拋售與股票市場低迷同步。道瓊斯指數下跌410分，而技術繁重的納斯達克100下降了350分。包括Nvidia，Tesla，Microsoft和Apple在內的頂級藍籌股，每個股票都超過1％。

Jasmy, Pi Network, LTC, and ENA slip ahead of FOMC decision

Jasmy，Pi Network，LTC和ENA在FOMC決策前滑行

The ongoing crypto and stock market crash is because the market is adjusting to the upcoming Federal Reserve or FOMC interest rate decision. It has already started its two-day meeting, with the final decision expected on Wednesday.

正在進行的加密貨幣和股市崩潰是因為市場正在適應即將到來的美聯儲或FOMC利率決策。它已經開始為期兩天的會議，預計將在周三進行最終決定。

The Fed is expected to keep interest rates unchanged at 4.50%. However, traders will closely follow the quarterly dot plot, which provides insights into the timing of the next rate cut.

預計美聯儲將使利率保持不變為4.50％。但是，交易者將密切遵循季度點圖，該圖提供了有關下一個降低稅率時機的見解。

Stock and crypto investors are hoping that the recent sell-off and the rising fear of a recession will prompt some Fed official to adopt a more dovish stance. A Fed put would serve as a catalyst for Bitcoin (BTC) and altcoins like Pi Network, Ethena, Jasmy, and Litecoin.

股票和加密貨幣投資者希望最近的拋售和對經濟衰退的恐懼會促使一些美聯儲官員採取更艱鉅的立場。美聯儲的投票將作為比特幣（BTC）和PI Network，Ethena，Jasmy和Litecoin等山寨幣的催化劑。

In a note to Bloomberg, an analyst stated: “The ongoing trade tensions and tariff implementations have brought significant uncertainty. Investors are eager to understand how these policies are impacting the Fed’s economic outlook, particularly regarding inflation and growth projections.”

一位分析師在給彭博社的一份說明中說：“持續的貿易緊張局勢和關稅實施帶來了嚴重的不確定性。投資者渴望了解這些政策如何影響美聯儲的經濟前景，尤其是在通貨膨脹和增長預測方面。”

Bitcoin and these altcoins also declined after Ki Young Ju, a well-known analyst and the founder of CryptoQuant, expressed his view that the bull market has come to an end.

著名分析師Ki Young Ju和CryptoQuant的創始人Ki Young Ju表示，他對牛市已經結束了，比特幣和這些Altcoins也下降了。

Ju said: “I’ve been optimistically calling for a bull market for the past two years, even when indicators were on the fringes. But I apologize to shift my stance, as it now appears fairly clear that we’re transitioning into a bear market.”

朱說：“在過去的兩年中，即使指標處於邊緣，我一直在樂觀地呼籲牛市。但是我很抱歉改變立場，因為現在似乎很明顯，我們正在過渡到熊市。”

On a positive note, a more dovish Fed stance could benefit Bitcoin and altcoins—similar to the market reaction during the onset of the COVID-19 pandemic. Back then, cryptocurrencies initially crashed but rebounded strongly after the Fed slashed interest rates.

從積極的角度來看，更虔誠的飼料立場可能會使比特幣和山寨幣受益 - 類似於COVID-19大流行期間的市場反應。當時，加密貨幣最初崩潰了，但在美聯儲削減利率後，加密貨幣反彈。