随着比特币进入熊市市场

以太坊是市值第二大加密货币，在过去的24小时内，其市值显着下降。

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）带来了大型数字资产的损失，加密货币价格一直在下跌。这种更正是随着更广泛的市场情绪变成看跌和谨慎的。

Ethereum And Dogecoin Market Cap Takes A Hit

以太坊和狗狗币市值受到了打击

以太坊和狗狗币市值受到了打击

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.

在过去的24小时内，以太坊的市值最大，在十大加密货币中。尽管ETH的价格下跌至1,910美元，其市值下降了7.8％，但第二大加密货币的交易量增加了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归因于多种因素。投资者在关键的经济报告和持续看跌的情绪之前的谨慎促进了比特币和山寨币的下降。

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%.

同样，第一枚模因硬币Dogecoin（Doge）也遭受了其价值和市值的巨大损失。尽管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.

这种下降是在今年早些时候基于模因的加密货币的最近激增，这似乎正在失去动力。截至撰写本文时，Dogecoin价格的交易价格为0.16美元，反映了过去7天的16.8％的高度更正，过去一个月的撞车事故发生了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，狗狗币和以太坊的市值下降是过去24小时内最高的，在前十名中，硬币的下降幅度不到2％。

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

由于分析师确认比特币已经进入熊市领土，这两种加密货币的这种大量下降。

Bitcoin And Altcoins Enter Bear Market

比特币和Altcoins进入熊市

比特币和Altcoins进入熊市

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

根据加密分析师托尼·塞弗里诺（Tony Severino）的说法，比特币（BTC）可能进入了熊市领土，因为先锋加密货币面孔的势头降低了动力。

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的分析应用了Elliott Wave理论，该理论声称Altcoins的熊市始于2022年，与比特币的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.

在此期间，市场的利率和定量收紧（QT）上升，中央银行降低了金融市场的流动性。由于AltCoins在流动性过多时蓬勃发展，因此经济收紧导致这些数字货币的性能较弱。

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认为，比特币的Wave 5缺乏真正的牛市顶级的通常力量。基于埃利奥特波（Elliott Wave）理论，就价格速度，数量和广度而言，第五波始终比第三波弱。

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.

分析师还引用了一本教科书，该教科书解释说，第5波往往是侧面而弱的，通常是在熊市市场之前表明势头减弱的势头。

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分析的总体结论是，始于三年前的Altcoin Bear Market从未真正结束，因为经济状况还没有恢复到2022年之前的状况。结果，Altcoins的熊市仍在继续，而Bitcoin进入了熊市市场。