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The crypto market's euphoria over cooling inflation lasted exactly one day—Dogecoin (DOGE), Solana (SOL), Cardano (ADA), and other major altcoins are now bleeding red as traders abandon the coins for the relative safety of Bitcoin.
加密市场对冷却通货膨胀的兴奋性持续了一天 - Dogecoin(Doge),Solana(Sol)(Sol),Cardano(ADA)和其他主要的Altcoins现在正在流血红色,因为交易者将硬币放弃了比特币相对安全的硬币。
Dogecoin dropped by 5.8% to $0.19, while Tron (TRX) fell 6.8% to $0.2717 and ADA declined 5.1% in the last 24 hours.
Dogecoin下跌了5.8%,至0.19美元,而Tron(TRX)下跌6.8%至0.2717美元,而ADA在过去24小时内下跌了5.1%。
Other top altcoins joined the retreat, with Avalanche (AVAX) down 5.4% to $20.83, Sui (SUI) falling 5.6% to $3.27, and Chainlink (LINK) dropping 6.7% to $14.15.
其他顶级Altcoins也加入了撤退,Avalanche(Avax)下跌5.4%至20.83美元,SUI(SUI)下跌5.6%至3.27美元,而Chainlink(Link)下跌6.7%至$ 14.15。
Solana (SOL), despite recent gains, declined 3.9% to $157.89, while XRP shed 3.7% to trade at $2.23, according to CoinGecko data.
根据Coingecko Data的数据,索拉纳(Sol)尽管最近收益下降了3.9%至157.89美元,而XRP则以2.23美元的价格降低了3.7%的交易。
The drop tells a different story for Bitcoin (BTC) and Ethereum (ETH), which weathered the storm with comparatively mild losses of 2% and 1.5% respectively over the past 24 hours.
该下降讲述了比特币(BTC)和以太坊(ETH)的一个不同的故事,在过去的24小时中,该暴风雨的损失相对较轻,分别为2%和1.5%。
A “routine” correction?
“常规”更正?
Market experts suggest the selloff represents a natural correction following recent gains rather than a fundamental shift in sentiment.
市场专家认为,抛售代表了最近的收益,而不是情感的根本转变后的自然纠正。
"While it may seem surprising at first glance that altcoins have been hit amid generally positive market sentiment, I wouldn't call these moves unexpected or particularly dramatic," Dr. Kirill Kretov, Senior Automation Expert at CoinPanel, told Decrypt.
Coinpanel的高级自动化专家Kirill Kretov博士对Decrypt说:“乍看之下似乎令人惊讶的是,在积极的市场情绪中,Altcoins被击中,但我不会称这些举动出乎意料,或者特别引人注目。”
Kretov noted that altcoins remain "riskier than Bitcoin and Ethereum," adding how the "sub-5% price movements are noise in this instance, and we should be prepared to see swings up to 10% viewed as routine."
Kretov指出,AltCoins仍然“比比特币和以太坊更风险”,并补充说,在这种情况下,“价格低下的价格变动是噪音,我们应该准备好看到多达10%被视为常规的摇摆。”
Tracy Jin, COO of MEXC, attributed the decline to profit-taking behavior while speaking to Decrypt, explaining that "many traders are taking profits, especially in projects with high volatility."
MEXC的首席运营官Tracy Jin在解密时归因于获利行为,并解释说:“许多交易者正在获利,尤其是在波动性高的项目中。”
Jin also pointed to macroeconomic factors, citing "the strengthening of the US dollar and the growth of government bond yields, which traditionally reduce the attractiveness of risky assets."
金还指出了宏观经济因素,理由是“美元的增强和政府债券收益率的增长,传统上会降低风险资产的吸引力。”
The correction comes despite yesterday's positive market reaction to inflation data, when Bitcoin gained ground after the May Consumer Price Index showed prices rose 2.4%, lower than all 73 forecasters predicted in a Bloomberg survey.
尽管昨天对通货膨胀数据产生了积极的市场反应,但在5月消费者价格指数表明价格上涨2.4%,低于彭博社调查中预测的所有73个预报员,这一纠正措施还是进行了更正。
That data had initially boosted both Bitcoin and major altcoins, with ETH and SOL posting 1% and 1.7% gains respectively in the hour following the report.
该数据最初提高了比特币和主要的替代币,在报告后的小时内,ETH和SOL分别发布了1%和1.7%的增长。
Dogecoin entering ‘medium-term decline’
Dogecoin进入“中期下降”
Paul Howard, Senior Director at Wincent, noted the current movement is within normal trading ranges for “the 'Made in USA' basket” coins, adding the decline is "within a +/-5% daily range that crypto traders experience most days."
Wincent的高级总监保罗·霍华德(Paul Howard)指出,目前的运动在“美国制造'篮子”硬币的正常交易范围内,并补充说,下降的幅度为“加密货币交易者大部分时间的每日+/- 5%范围内”。
However, he noted specific concerns about Dogecoin, suggesting it is "likely entering a period of medium-term decline following the public spat between its proponent backer Elon [Musk] and President Trump."
但是,他指出了对Dogecoin的具体担忧,这表明这可能是“在其支持者支持者Elon [Musk]和Trump总统之间的公众争吵之后,这很可能进入中期下降的时期。”
Despite the current weakness, analysts remain cautiously optimistic about the medium-term outlook.
尽管目前有弱点,但分析师仍然对中期前景持谨慎乐观。
"If Bitcoin stays above $100,000 and institutional inflows continue, we can expect interest in altcoins to return soon," Jin said, describing the market as being in a "short-term overload phase" that could become "the starting point for the next growth impulse."
金说:“如果比特币停留在100,000美元以上,机构流入仍在继续,我们可以期望对山寨币的利息很快返回。”
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