You can also read this news on COINTURK NEWS: Crypto Market Faces Drastic Sell-Off, Sending Shockwaves Worldwide

您还可以在Cointurk News上阅读此新闻：加密市场面临巨大的抛售，在全球范围内发送Shockwaves

On August 1st, the cryptocurrency market experienced a significant downturn, characterized by a sharp sell-off. This event led to a 2.4% decrease in the total market capitalization, which fell to $3.78 trillion within a 24-hour period. Data from CoinMarketCap showed Bitcoin (BTC) declining by over 2% to $115,957, while Ethereum (ETH) saw a 3.6% drop, settling at $3,717. Concurrently, Solana (SOL) decreased by 4.8%, Cardano (ADA) by 4.89%, Dogecoin (DOGE) by 5.87%, and XRP experienced a loss of approximately 3.7% in value. The Altcoin Season Index plummeted to 35, indicating a shift in market dominance back towards Bitcoin.

8月1日，加密货币市场经历了巨大的低迷，其特征是抛售。这项事件导致总市值下降了2.4％，在24小时内下降到3.78万亿美元。来自CoinMarketCap的数据显示，比特币（BTC）下降了2％以上，至115,957美元，而以太坊（ETH）下降了3.6％，定居于3,717美元。同时，Solana（Sol）降低了4.8％，Cardano（ADA）下降了4.89％，Dogecoin（Doge）下降了5.87％，而XRP的价值损失约为3.7％。 AltCoin季节指数下降到35，表明市场优势向比特币转移。

The declines in Bitcoin and Ethereum had a pronounced impact on altcoins, resulting in even more substantial losses for these digital currencies. Investors demonstrated a clear move away from higher-risk assets. Solana struggled to maintain its value at $171, while Cardano and Dogecoin relinquished a considerable portion of the gains they had accumulated over the previous five months. XRP's 3.7% decrease, coupled with a reduction in trading volume, reinforced the prevailing cautious sentiment within the market.

比特币和以太坊的下降对山寨币产生了明显的影响，从而导致这些数字货币造成更大的损失。投资者表明，从高风险的资产中明显转移。索拉纳（Solana）努力将其价值保持在171美元，而Cardano和Dogecoin放弃了他们在过去五个月中积累的相当大的收益。 XRP的3.7％下降，再加上交易量的减少，加强了市场上普遍的谨慎情绪。

Bitcoin’s Price Chart

比特币的价格表

The decline of CoinMarketCap’s Altcoin Season Index to 35 strongly suggests a consolidation of capital within Bitcoin, which is often perceived as a safe haven during market volatility. The index's drop from 43 the previous week highlights the significant selling pressure that altcoins faced during the specified period.

CoinMarketCap的Altcoin季节指数下降到35个强烈表明，比特币内的资本合并，在市场波动期间通常被认为是避风港。该指数从前一周的43下降突出了Altcoins在指定期间面临的巨大销售压力。

CoinMarketCap Altcoin Season Index

CoinMarketCap Altcoin季节指数

The market witnessed the liquidation of $631.98 million in long positions in a single day. This occurrence indicates that cryptocurrency investors employing leverage were caught off guard by the sudden market downturn.

该市场目睹了一天内清算6.3198亿美元的清算。这种情况表明，采用杠杆作用的加密货币投资者被突然的市场衰退措手不及。

The U.S. Federal Reserve's decision to maintain steady interest rates, accompanied by warnings of economic deceleration, contributed to the decline. While earlier indications from the White House regarding clearer SEC regulations had temporarily boosted market sentiment, the Fed's statements dampened risk appetite. As liquidity decreased, cryptocurrencies became a more vulnerable asset class.

美国美联储保持稳定利率的决定以及经济减速的警告，导致了这一下降。虽然白宫的较早迹象暂时增强了市场情绪，但美联储的陈述却削弱了风险食欲。随着流动性的下降，加密货币成为更脆弱的资产类别。

Adding to the market's woes, the implementation of tariffs further intensified the selling pressure. The resulting short-term uncertainty prompted crypto investors to reduce their positions. Even Bitcoin, typically viewed as a long-term store of value, was not immune to this trend, leading to more significant losses for altcoins.

除了市场的困境外，关税的实施进一步加剧了销售压力。由此产生的短期不确定性促使加密投资者降低了其头寸。甚至比特币（通常被视为长期价值存储）也无法免疫这种趋势，从而导致山寨币造成更大的损失。