標題：比特幣（BTC）和其他加密貨幣今年保持強勁的下降趨勢

今年，比特幣和其他加密貨幣一直處於強勁的下降趨勢中，價值超過1萬億美元。

The crypto market has been largely battered this year, with Bitcoin and other major coins having lost a collective $1 trillion in market cap.

加密貨幣市場今年受到了很大的攻擊，比特幣和其他主要硬幣損失了1萬億美元的市值。

Bitcoin (BTC) price crashed from the year-to-date high of $109,300 to trade at $82,000 on Monday, July 10. Popular altcoins like Ethereum (ETH), Ripple (XRP), and Cardano (ADA) had seen even steeper declines from the 2024 highs.

比特幣（BTC）的價格從$ 109,300的年滿$ 109,300跌至7月10日星期一的82,000美元。流行的AltCoins（例如以太坊（ETH），Ripple（XRP）和Cardano（ADA），與2024 Highs相比，較高的下降了。

Crypto prices fell further after the US stock market suffered another round of losses, pushing the S&P 500 index closer to forming a bearish death cross pattern.

加密價格在美國股市遭受了另一輪損失後進一步下跌，將標準普爾500指數推向形成看跌的死亡交叉模式。

This pattern occurs when the 50-day and 200-day moving averages of an asset cross each other, which is often seen as a technical signal for the start of a prolonged bear market.

這種模式發生在資產的50天和200天移動平均值相互交叉時，這通常被視為延長熊市開始的技術信號。

The spread between the 50-day and 200-day weighted moving averages (WMA) of the S&P 500 index had continued to narrow. The 50-day WMA was trading at $5,900 on Monday, July 10, while the 200-day WMA was at $5,857. A crossover would likely lead to further downside, as the index dropped 23% the last time it formed this pattern in 2022.

標準普爾500指數的50天和200天加權移動平均值（WMA）之間的擴展繼續縮小。 50天的WMA在7月10日星期一的交易價格為5,900美元，而200天的WMA為5,857美元。交叉可能會導致進一步的缺點，因為該指數在2022年上次形成這種模式時下降了23％。

The S&P 500 index is often seen as a reliable indicator for the crypto market since both are considered risky assets and tend to move in correlation.

標準普爾500指數通常被視為加密市場的可靠指標，因為兩者都被認為是風險的資產，並且傾向於相關。

However, the main focus was on the upcoming Federal Reserve interest rate decision next week. A more dovish tone as the US dollar index and the bond market suggests would likely lead to a rebound.

但是，主要重點是下週即將進行的美聯儲利率決策。由於美元指數和債券市場表明，更虔誠的語氣可能會導致反彈。

On the other hand, a hawkish stance could keep the markets in the current oversold and overbought zones respectively.

另一方面，鷹派的立場可以使市場分別使市場分別處於當前的超賣區域。

The crypto fear and greed index dropped to the extreme fear zone of 19 on Monday, July 10. Similarly, the fear gauge tracked by CNN Money dropped to 20.

7月10日星期一，加密貨幣恐懼和貪婪指數下降到了19個極端恐懼區。同樣，CNN Money追踪的恐懼量規降至20。

Main factors putting traders in the fear camp included growing concern that the United States is heading toward a self-inflicted recession due to Donald Trump’s tariffs.

使交易者進入恐懼訓練營的主要因素包括越來越擔心美國因唐納德·特朗普的關稅而朝著自我衰退的衰退。

These fears outweighed positive news in the crypto industry. For example, the Securities and Exchange Commission has ended numerous lawsuits affecting companies like Uniswap, Kraken, and Coinbase.

這些恐懼在加密貨幣行業中勝過積極的消息。例如，證券交易委員會結束了許多影響Uniswap，Kraken和Coinbase等公司的訴訟。

Further, Donald Trump signed an executive order to create a strategic Bitcoin reserve and digital coins stockpile. Also, more institutional investors like Citadel, Blackrock, Rumble, and Trump Media have started to acquire Bitcoin.

此外，唐納德·特朗普（Donald Trump）簽署了一項行政命令，以創建戰略性的比特幣儲備和數字硬幣庫存。此外，諸如Citadel，BlackRock，Rumble和Trump Media等更多的機構投資者已經開始收購比特幣。

Bitcoin and altcoins could face further declines if the S&P 500 index forms a death cross pattern - a technical formation that occurs when the 50-day and 200-day moving averages cross each other. This pattern often signals the start of a prolonged bear market.

如果標準普爾500指數形成死亡交叉模式，則比特幣和山寨幣可能會進一步下降 - 這是50天和200天移動平均彼此交叉時發生的技術形成。這種模式通常標誌著長時間熊市的開始。

The spread between the 50-day and 200-day weighted moving averages (WMA) of the S&P 500 index had continued to narrow. The 50-day WMA was trading at $5,900 on Monday, July 10, while the 200-day WMA was at $5,857. A crossover would likely lead to further downside, as the index dropped 23% the last time it formed this pattern in 2022.

標準普爾500指數的50天和200天加權移動平均值（WMA）之間的擴展繼續縮小。 50天的WMA在7月10日星期一的交易價格為5,900美元，而200天的WMA為5,857美元。交叉可能會導致進一步的缺點，因為該指數在2022年上次形成這種模式時下降了23％。

The S&P 500 index is often seen as a reliable indicator for the crypto market since both are considered risky assets and tend to move in correlation.

標準普爾500指數通常被視為加密市場的可靠指標，因為兩者都被認為是風險的資產，並且傾向於相關。

However, the main focus was on the upcoming Federal Reserve interest rate decision next week. A more dovish tone as the US dollar index and the bond market suggests would likely lead to a rebound.

但是，主要重點是下週即將進行的美聯儲利率決策。由於美元指數和債券市場表明，更虔誠的語氣可能會導致反彈。

On the other hand, a hawkish stance could keep the markets in the current oversold and overbought zones respectively.

另一方面，鷹派的立場可以使市場分別使市場分別處於當前的超賣區域。

The crypto fear and greed index dropped to the extreme fear zone of 19 on Monday, July 10. Similarly, the fear gauge tracked by CNN Money dropped to 20.

7月10日星期一，加密貨幣恐懼和貪婪指數下降到了19個極端恐懼區。同樣，CNN Money追踪的恐懼量規降至20。

Main factors putting traders in the fear camp included growing concern that the United States is heading toward a self-inflicted recession due to Donald Trump’s tariffs.

使交易者進入恐懼訓練營的主要因素包括越來越擔心美國因唐納德·特朗普的關稅而朝著自我衰退的衰退。

These fears outweighed positive news in the crypto industry. For example, the Securities and Exchange Commission has ended numerous lawsuits affecting companies like Uniswap, Kraken, and Coinbase.

這些恐懼在加密貨幣行業中勝過積極的消息。例如，證券交易委員會結束了許多影響Uniswap，Kraken和Coinbase等公司的訴訟。

Further, Donald Trump signed an executive order to create a strategic Bitcoin reserve and digital coins stockpile. Also, more institutional investors like Citadel, Blackrock, Rumble, and Trump Media have started to acquire Bitcoin.

此外，唐納德·特朗普（Donald Trump）簽署了一項行政命令，以創建戰略性的比特幣儲備和數字硬幣庫存。此外，諸如Citadel，BlackRock，Rumble和Trump Media等更多的機構投資者已經開始收購比特幣。