为什么山寨币本周暴跌

本周的加密货币大屠杀不仅限于比特币，在利率上升的情况下，山寨币也出现了两位数的下跌。卡尔达诺暴跌 13.5%，Uniswap 暴跌 14.8%，狗狗币暴跌 20%。催化剂是美联储推迟降息的建议，导致“避险”交易和债券收益率上升。市场情绪的转变使得加密货币等高风险资产的吸引力下降。

Cryptocurrency Market Experiences Steep Decline Amidst Rising Interest Rates

利率上升导致加密货币市场大幅下滑

New York, March 10, 2024 - The cryptocurrency market has undergone a significant downturn this week, with the values of several prominent tokens dropping by double-digit percentages. While Bitcoin (CRYPTO: BTC) has experienced a 2.8% decline, trading at $67,455 at the time of writing, the impact has been particularly severe for altcoins.

纽约，2024 年 3 月 10 日 - 加密货币市场本周经历了大幅下滑，几种知名代币的价值下跌了两位数百分比。尽管比特币（加密货币：BTC）下跌了 2.8%，截至撰写本文时交易价格为 67,455 美元，但对山寨币的影响尤其严重。

According to data from S&P Global Market Intelligence, Cardano (CRYPTO: ADA) has plummeted by as much as 13.5% over the past week, Uniswap (CRYPTO: UNI) has witnessed a 14.8% drop, and Dogecoin (CRYPTO: DOGE) has suffered a decline of 20% from its peak. As of 2 p.m. ET on Friday, these tokens were still trading down by 9.1%, 11.2%, and 14.1%, respectively.

根据标准普尔全球市场情报的数据，卡尔达诺（CRYPTO：ADA）过去一周暴跌高达 13.5％，Uniswap（CRYPTO：UNI）下跌 14.8％，狗狗币（CRYPTO：DOGE）也遭受重创。较峰值下降了 20%。截至下午 2 点截至周五东部时间，这些代币的交易价格仍分别下跌 9.1%、11.2% 和 14.1%。

The catalyst for this market sell-off has been the announcement by Federal Reserve officials that a reduction in the benchmark federal funds rate may be delayed for longer than previously anticipated. This has triggered a "risk-off" sentiment in the markets, leading to a surge in interest rates both in the United States and globally.

此次市场抛售的催化剂是美联储官员宣布降低基准联邦基金利率的时间可能会比之前预期的推迟。这引发了市场的“避险”情绪，导致美国和全球利率飙升。

As reported by Bloomberg, the yield on the U.S. 10-year Treasury bond has increased by 6 basis points in the past day and 22 basis points within the last month, reaching 4.37%. Similarly, bond yields for most European countries have also risen by single-digit basis points during these periods.

据彭博社报道，美国10年期国债收益率过去一天上涨6个基点，上个月上涨22个基点，达到4.37%。同样，大多数欧洲国家的债券收益率在此期间也上涨了个位数基点。

Consequentially, the rising interest rates are making fixed-income assets more attractive relative to higher-risk assets, including growth stocks and cryptocurrencies. The historical correlation between interest rate hikes and declining crypto prices, as observed in 2022, has manifested again this week.

因此，利率上升使得固定收益资产相对于成长型股票和加密货币等高风险资产更具吸引力。正如 2022 年观察到的那样，加息与加密货币价格下跌之间的历史相关性本周再次显现出来。

Token-Specific News and Developments

特定代币的新闻和动态

Cardano has specifically faced headwinds due to Grayscale's decision to remove the token from its multiasset funds during a quarterly rebalancing. Despite its potential as a low-cost and efficient blockchain, Cardano has failed to attract the expected number of users and developers, leading to a decline in its value as investors lose confidence.

由于灰度决定在季度重新平衡期间从其多资产基金中删除该代币，卡尔达诺尤其面临阻力。尽管卡尔达诺具有低成本、高效区块链的潜力，但它未能吸引预期数量的用户和开发者，导致其价值随着投资者失去信心而下降。

Uniswap, on the other hand, has received more positive news with its announcement of surpassing $2 trillion in all-time trading volume. It took the decentralized exchange 42 months to reach $1 trillion in volume, but it achieved the next $1 trillion in just 24 months.

另一方面，Uniswap 则收到了更多积极消息，宣布历史交易量突破 2 万亿美元。这家去中心化交易所花了 42 个月的时间才达到 1 万亿美元的交易量，但它只用了 24 个月就实现了下一个 1 万亿美元。

Dogecoin's decline has been partly attributed to the waning popularity of meme coins in the current interest rate environment. Additionally, the impending launch of Dogecoin20 in April may bring increased competition within the meme coin space. Dogecoin20 is also expected to be deflationary, unlike the inflationary Dogecoin, which could potentially attract investors seeking alternative options.

狗狗币的下跌部分归因于模因币在当前利率环境下受欢迎程度的下降。此外，即将于 4 月份推出的 Dogecoin20 可能会加剧模因币领域的竞争。与通货膨胀的狗狗币不同，狗狗币 20 预计也会出现通货紧缩，这可能会吸引寻求替代选择的投资者。

Volatility and Market Risks

波动性和市场风险

The cryptocurrency market has historically exhibited a high degree of volatility, and its correlation with growth and tech stocks means that its prices are susceptible to fluctuations in interest rates and investor expectations.

加密货币市场历来表现出高度的波动性，其与成长股和科技股的相关性意味着其价格容易受到利率和投资者预期波动的影响。

As investors approach 2024, a significant risk to consider is whether the overall market has become overvalued. A decline in growth or earnings could potentially end the recent bull run, resulting in a sell-off across asset classes, including cryptocurrencies.

随着 2024 年的临近，投资者需要考虑的一个重大风险是整体市场是否被高估。增长或盈利下降可能会结束最近的牛市，导致包括加密货币在内的各种资产类别遭到抛售。

Long-Term Perspective and Investment Considerations

长远眼光和投资考虑

While the recent market correction may cause concern, it is important to recognize that the cryptocurrency sector remains in its early stages of development. The long-term potential of blockchain technology and its applications in various industries is still substantial.

虽然最近的市场调整可能会引起担忧，但重要的是要认识到加密货币行业仍处于发展的早期阶段。区块链技术及其在各行业应用的长期潜力仍然巨大。

However, investors should approach cryptocurrency investments with caution and consider the risks involved. The most promising long-term investments are likely to be companies that are harnessing the power of blockchain technology to enhance their efficiency, while remaining agnostic to specific cryptocurrencies.

然而，投资者应谨慎对待加密货币投资并考虑所涉及的风险。最有前途的长期投资可能是那些利用区块链技术的力量来提高效率，同时对特定加密货币保持不可知的公司。

Disclaimer

免责声明

Investing in cryptocurrencies involves risks and uncertainties. Investors should carefully consider their financial objectives, risk tolerance, and research the specific tokens and platforms before making investment decisions. The opinions expressed in this article should not be construed as financial advice.

投资加密货币涉及风险和不确定性。投资者在做出投资决定之前应仔细考虑自己的财务目标、风险承受能力，并研究特定的代币和平台。本文表达的意见不应被视为财务建议。