随着加密货币市场恢复其下降趋势，PI网络（PI）价格下跌13％

加密货币价格在周二恢复了他们的下降趋势，因为市场参与者等待了今年的第二个美联储利率决定。

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

由于市场参与者为今年第二次美联储利率决定做准备，加密货币价格恢复了周二的下降趋势。

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）代币价格将近13％，是表现最差的人之一。茉莉（Jasmycoin）（Jasmy）下降了6％，而莱特币（LTC）和埃塞纳（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.

所有加密货币的总市值下降了1.70％，达到2.7万亿美元。这标志着过去几个月的价值超过1万亿美元。过去24小时的总清算量超过2.27亿美元。

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%.

加密货币抛售与股票市场低迷同步。道琼斯指数下跌410分，而技术繁重的纳斯达克100下降了350分。包括Nvidia，Tesla，Microsoft和Apple在内的顶级蓝筹股，每个股票都超过1％。

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

Jasmy，Pi Network，LTC和ENA在FOMC决策前滑行

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.

正在进行的加密货币和股市崩溃是因为市场正在适应即将到来的美联储或FOMC利率决策。它已经开始为期两天的会议，预计将在周三进行最终决定。

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.

预计美联储将使利率保持不变为4.50％。但是，交易者将密切遵循季度点图，该图提供了有关下一个降低税率时机的见解。

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.

股票和加密货币投资者希望最近的抛售和对经济衰退的恐惧会促使一些美联储官员采取更艰巨的立场。美联储的投票将作为比特币（BTC）和PI Network，Ethena，Jasmy和Litecoin等山寨币的催化剂。

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.”

一位分析师在给彭博社的一份说明中说：“持续的贸易紧张局势和关税实施带来了严重的不确定性。投资者渴望了解这些政策如何影响美联储的经济前景，尤其是在通货膨胀和增长预测方面。”

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.

著名分析师Ki Young Ju和CryptoQuant的创始人Ki Young Ju表示，他对牛市已经结束了，比特币和这些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.”

朱说：“在过去的两年中，即使指标处于边缘，我一直在乐观地呼吁牛市。但是我很抱歉改变立场，因为现在似乎很明显，我们正在过渡到熊市。”

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.

从积极的角度来看，更虔诚的饲料立场可能会使比特币和山寨币受益 - 类似于COVID-19大流行期间的市场反应。当时，加密货币最初崩溃了，但在美联储削减利率后，加密货币反弹。