加密货币崩溃正在进行中，使投资者损失了数十亿美元

比特币的价格低于85,000美元，而诸如Cardano（ADA），IOTA（IOTA），Jasmycoin（Jasmycoin（Jasmy）和Pi Network（PI）之类的流行名称都以双位数量下降

The crypto market is now in a bear market, with Bitcoin (BTC) plunging below $85,000 and popular altcoins like Cardano (ADA), IOTA (IOTA), JasmyCoin (JASMY), and Pi Network (PI) dropping by double digits in the last few weeks.

加密市场现在处于熊市，比特币（BTC）低于$ 85,000，流行的山寨币（如卡尔达诺（ADA），IOTA），IOTA（IOTA），Jasmycoin（Jasmycoin（Jasmy）和PI Network（PI）在过去几周中下降了两倍。

This crash has wiped out billions of dollars in investor capital, with many new investors now fearing they will lose all their savings. So, why are crypto prices down, and what will happen next?

这次崩溃已经消除了数十亿美元的投资者资本，现在许多新的投资者担心他们会失去所有的储蓄。那么，为什么加密价格下跌，接下来会发生什么？

Nasdaq 100 and S&P 500 Fall Below 200-Day Moving Average

纳斯达克100和标准普尔500降低到200天移动平均水平以下

Another reason for the crash in crypto coins like Cardano, Jasmy, IOTA, and Pi Network is the concurrent decline in American equities. The blue-chip S&P 500 and Nasdaq 100 indices have both fallen below the 200-day Weighted Moving Averages (WMA).

加密货币崩溃的另一个原因是Cardano，Jasmy，Iota和Pi Network等美国股票的同时下降。蓝芯片S＆P 500和NASDAQ 100指数均低于200天加权运动平均值（WMA）。

This drop is a sign that bears have prevailed and that they may continue falling in the near term.

这滴是熊已经盛行的标志，它们可能会在短期内继续落下。

These indices have also crashed as the fear and greed index moved to the extreme fear zone of 18. They have dropped because of the fear that the US may enter a recession due to Trump’s tariffs.

这些指数也崩溃了，因为恐惧和贪婪指数转移到了18个极端的恐惧区。由于担心美国可能因特朗普的关税而进入衰退，因此它们已经下降了。

American stocks closely correlate with cryptocurrency prices, as both are viewed as risky assets.

美国股票与加密货币价格密切相关，因为两者都被视为风险资产。

Bitcoin Price Double Top Caused the Crypto Crash

比特币价格双顶造成加密货币崩溃

A key reason for the crash in altcoins like Cardano, IOTA, and Jasmy is that Bitcoin has formed a double-top pattern at $108,330. A double-top is one of the top bearish patterns in the market, and often leads to more declines.

Cardano，Iota和Jasmy等Altcoins崩溃的关键原因是，比特币以108,330美元的价格形成了双顶模式。双顶是市场上最高的看跌模式之一，并且通常会导致更多下降。

Bitcoin has now dropped below the neckline at $89,223, suggesting more downside in the coming months. A big drop will indicate more declines to the key support at $73,750, the lowest point in March last year.

现在，比特币以89,223美元的价格下降到领口以下，这表明在未来几个月内有更多的缺点。大量下降将表明，主要支持的下降幅度为73,750美元，这是去年3月的最低点。

Altcoins are often driven by Bitcoin’s price action. In most cases, many of these altcoins decline when Bitcoin is in a steep downward trend and rise when it is soaring.

AltCoins通常是由比特币的价格行动驱动的。在大多数情况下，当比特币处于陡峭的趋势并飙升时上升时，这些山寨币中的许多人都会下降。

Crypto Crash: “Buy the Rumor, Sell the News”

加密货币崩溃：“买谣言，卖新闻”

A key reason Bitcoin and other altcoins like Cardano, IOTA, and Pi Network crashed is “buy the rumor, sell the news”. Most of these tokens rose last week after Trump announced crypto reserves and after he held the inaugural crypto summit.

比特币和其他Altcoins（例如Cardano，Iota和Pi网络）崩溃的关键原因是“购买谣言，卖出新闻”。在特朗普宣布加密储备金和举行首届加密赛峰会之后，这些代币中的大多数上周上升。

With the crypto summit over, many of these altcoins are declining as investors sell the news. This refers to a situation where an asset rises ahead of a major event and then falls afterward. For example, most coins rose after Trump’s election and then dropped after he was sworn in.

随着加密峰会的结束，随着投资者出售新闻，许多山寨币都在下降。这是指资产在重大事件之前上升然后之后跌落的情况。例如，大多数硬币在特朗普当选后升起，然后在宣誓就职后掉了下来。

What Next for Altcoins Like Cardano, Jasmy, IOTA, and Pi Network?

Cardano，Jasmy，Iota和Pi Network等Altcoins的下一个接下来是什么？

These tokens may continue falling in the coming days as the fear and greed index falls and as concerns about a recession remain. However, on the positive side, the US dollar index and bond yields have crashed, signaling that the Federal Reserve will start cutting interest rates soon, which is a good catalyst.

随着恐惧和贪婪的指数下降，这些令牌可能会继续在未来几天继续下降，并且由于对经济衰退的担忧仍然存在。但是，从积极的一面来看，美元指数和债券收益率已经崩溃，这表明美联储将很快开始降低利率，这是一个很好的催化剂。