加密货币市场卷轴：过山车之旅仍在继续

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

加密货币市场感受到痛苦：为什么要坐过山车？

Is the Crypto Market in Free Fall?

加密货币市场正在自由落体吗？

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.

本周，加密货币市场经历了疯狂的发展，价格暴跌，DeFi 活动放缓。过去 7 天，总市值下跌 6.67%，主要代币近期涨幅受到打击。

What's Weighing on Bitcoin and Altcoins?

是什么对比特币和山寨币造成压力？

Is Bitcoin's Bull Run Running Out of Steam?

比特币的牛市已经失去动力了吗？

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.

市场领头羊比特币本周下跌 5.95%，过去 24 小时下跌 0.52%。交易量已骤降至 361 亿美元，较本周高点下降 12%。 BTC 目前交易价格为 64,779 美元，比九天前创下的历史高点 73,750 美元低约 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.

美国现货 ETF 的批准本应改变加密货币的游戏规则，但一些专家认为，矿商和交易商正在为即将到来的减半事件做好准备，这可能会给市场带来压力。

Ethereum's ETF Blues

以太坊 ETF 蓝调

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）遭受的损失更大，本周下跌 9.5%，过去 24 小时下跌 2.57%。由于现货 ETF 批准的延迟，机构投资者已小幅撤出 ETH。

Altcoins Get Hammered

山寨币受到重创

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 本周均遭受重创，分别下跌 9.33%、10.7% 和 2.4%。

What's Next for Crypto?

加密货币的下一步是什么？

Is the Crypto Party Over?

加密派对结束了吗？

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.

尽管最近出现了亏损，但加密货币市场近几个月来仍表现强劲。比特币创历史新高，ETH突破4000美元。这两种资产的月度涨幅分别为 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，但随着加密货币价格下跌，它们面临着一些调整。

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.

最近的损失是暂时的挫折还是更长期低迷的迹象还有待观察。但目前，加密货币市场正在感受到热度。