Bitcoin, Ethereum, Dogecoin fall: Will strong dollar pin down crypto for a year or more?
Bitcoin, Ethereum, Dogecoin fall: Will strong dollar pin down crypto for a year or more?
$Bitcoin(BTC.CC)$ and $Ethereum(ETH.CC)$ were under pressure on Tuesday evening as the global cryptocurrency market cap fell 1% to $904.9 billion.
$比特币(BTC.CC)$和$以太(ETH.CC)$周二晚间，随着全球加密货币市值下跌1%，至9049亿美元，投资者面临压力。
| Coin | 24-hour | 7-day | Price |
|---|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.6% | -0.8% | $20,135.59 |
| Ethereum (CRYPTO: ETH) | -1.8% | -1.35% | $1,131 |
| Dogecoin (CRYPTO: DOGE) | -3.6% | 0.8% | $0.07 |
| 钱币 | 24小时 | 7天 | 价格 |
|---|---|---|---|
| 比特币(密码：BTC) | -0.6% | -0.8% | 20,135.59美元 |
| 以太(加密：ETH) | -1.8% | -1.35% | 1,131美元 |
| 道格考因(Dogecoin)(密码：Doge) | -3.6% | 0.8% | 0.07美元 |
| Cryptocurrency | 24-Hour % Change (+/-) | Price |
|---|---|---|
| Convex Finance (CVX) | +23.5% | $5.86 |
| Curve DAO Token (CRV) | +10.3% | $0.96 |
| Basic Attention Token (BAT) | +6.3% | $0.44 |
| 加密货币 | 24小时百分比更改(+/-) | 价格 |
|---|---|---|
| 凸金融(CVX) | +23.5% | 5.86美元 |
| 曲线刀令牌(CRV) | +10.3% | 0.96美元 |
| 基本关注令牌(BAT) | +6.3% | 0.44美元 |
Why It Matters: Cryptocurrencies continue to maintain their inverse relationship with the greenback.
为什么这很重要：加密货币继续保持与美元的反向关系。
On Tuesday, the dollar index, which measures the strength of the U.S. unit against a basket of six currencies, rose 1.3% after hitting the highest level since Dec. 2002, despite fears of a looming recession, reported Reuters.
据路透社报道，美元指数周二上涨1.3%，触及2002年12月以来的最高水平，尽管人们担心经济衰退即将到来。美元指数衡量美元对一篮子六种货币的强弱。
The demand for the safety of dollar-based assets is up as expectations for economic activity are significantly lower."
- said Shawn Cruz,the head trading strategist at TD Ameritrade in Chicago, according to Reuters.
对美元资产安全性的需求上升，因对经济活动的预期明显降低。
--他说。肖恩·克鲁兹据路透社报道，这是TD ameritrade驻芝加哥的首席交易策略师。
GlobalBlock analyst Marcus Sotiriou said in a note that "Dollar strength causes Bitcoin weakness." A further negative for cryptocurrencies has been the withdrawal of liquidity, according to Sotiriou.
GlobalBlock分析师马库斯·索蒂里奥在一份报告中写道，“美元强势导致比特币疲软。”根据Sotiriou的说法，加密货币的另一个负面因素是流动性的撤出。
Bitcoin remains below the 2017 all-time-high which is concerning for bulls. The [Terra Classic (LUNC) ] and [TerraClassicUSD (USTC)] crash has led to a tragic contagion amongst other crypto firms, as we have seen liquidity withdrawn from the crypto market at an extraordinary rate."
比特币仍低于2017年的历史高点，这令看涨比特币的人感到担忧。[Terra Classic(Luc)]和[TerraClassicU.S.(USTC)]崩溃导致了其他密码公司的悲剧性蔓延，因为我们看到密码市场的流动性以非常快的速度撤出。“
Cryptocurrency trader Justin Bennett said that the dollar index closed above a significant multi-year level in June and on Tuesday touched new 20-year highs.
加密货币交易员贾斯汀·班尼特表示，美元指数在6月份收于多年来的显著水平之上，并在周二创下20年来的新高。
"All signs point to 120, suggesting another 12-20 months of suppressed movement from stocks and [cryptocurrencies]."
“所有迹象都指向120，这表明又有12至20个月的资金从股市和(加密货币)受到抑制。”
Michaël van de Poppe expects Bitcoin to consolidate and then break the next resistance zone and then continue on to the $23,000 level.
米夏埃尔·范德波普预计比特币将盘整，然后突破下一个阻力区域，然后继续向23,000美元水平进发。
Van de Poppe noted the strength of the dollar index but said it was matched on the equities side as well.
范德波普指出了美元指数的强势，但表示股市方面也与美元指数持平。
"First time we're seeing such a recovery after a severe correction + strength on the [dollar index]."
“在(美元指数)大幅回调+走强之后，我们第一次看到了这样的复苏。”
Wouldn't be surprised if this continues in the coming period, despite the overall sentiment being ultra bearish."
- said the cryptocurrency trader.
尽管总体情绪极度悲观，但如果这种情况在未来一段时间内继续下去，也不会令人惊讶。
--这位加密货币交易员说。
The $S&P 500 index(.SPX.US)$ and $Nasdaq Composite Index(.IXIC.US)$ closed 0.2% and 1.75% higher, respectively, on Tuesday. Their futures were up 0.2% and 0.3%, respectively, at press time.
这个$标准普尔500指数(.SPX.US)$和$纳斯达克综合指数(.IXIC.US)$周二分别收高0.2%和1.75%。截至发稿，他们的期货分别上涨0.2%和0.3%。
On-chain metrics indicate that Bitcoin supply in loss has hit 48.1% of all coins held outside exchanges. Of these Bitcoins in loss, 60% of them are held by long-term holders, tweeted Glassnode.
链上指标显示，在交易所以外持有的所有比特币中，比特币供应损失的比例达到48.1%。推特上写道，在这些损失的比特币中，60%由长期持有者持有Glassnode。
