Bitcoin, Ethereum, Dogecoin rebound after weekend bloodbath: Why this trader sees crypto plunging 25% more
Bitcoin, Ethereum, Dogecoin rebound after weekend bloodbath: Why this trader sees crypto plunging 25% more
The two largest cryptocurrencies by market cap touched respective lows of $17,708,62 and $896.11 over the weekend.$Bitcoin(BTC.CC)$ and $Ethereum(ETH.CC)$ traded above key psychological levels on Monday evening after slipping below them over the long holiday weekend. The global cryptocurrency market cap rose 1.1% to $906 billion.
$比特幣(BTC.CC)$和$以太(ETH.CC)$在漫長的假期週末跌破關鍵心理水平後，週一晚間交易價格高於關鍵心理水平。全球加密貨幣市值上漲1.1%，至9060億美元。
| Coin | 24-hour | 7-day | Price |
|---|---|---|---|
| Bitcoin (CRYPTO: BTC) | 0.65% | -9% | $20,504.76 |
| Ethereum (CRYPTO: ETH) | 0.7% | -7.6% | $1,119.88 |
| Dogecoin (CRYPTO: DOGE) | 0.02% | 9.9% | $0.06 |
| 錢幣 | 24小時 | 7天 | 價格 |
|---|---|---|---|
| 比特幣(密碼：BTC) | 0.65% | -9% | $20,504.76 |
| 以太(加密：ETH) | 0.7% | -7.6% | $1,119.88 |
| 道格考因(Dogecoin)(密碼：Doge) | 0.02% | 9.9% | $0.06 |
| Cryptocurrency | 24-Hour % Change (+/-) | Price |
|---|---|---|
| Synthetix (SNX) | +57.8% | $3.23 |
| 1inch Network (1INCH) | +20.5% | $0.69 |
| Arweave (AR) | +18.2% | $10.13 |
| 加密貨幣 | 24小時百分比更改(+/-) | 價格 |
|---|---|---|
| 合成(SNX) | +57.8% | $3.23 |
| 1英寸網絡(1英寸) | +20.5% | $0.69 |
| Arweave(AR) | +18.2% | $10.13 |
Why It Matters: Cryptocurrencies were buoyant on Monday evening along with other risk assets after Bitcoin and Ethereum dipped below the $20,000 and $1,000 levels over the weekend.
為什麼這很重要：週一晚間，在比特幣和以太上週末跌破2萬美元和1000美元的水平後，加密貨幣和其他風險資產一起走強。
The two largest cryptocurrencies by market cap touched respective lows of $17,708,62 and $896.11 over the weekend.
上週末，這兩種市值最大的加密貨幣分別觸及17,708，62美元和896.11美元的低點。
The $S&P 500 index(.SPX.US)$ and $NASDAQ 100 Index(.NDX.US)$ futures were both up more than 1% at press time.
這個$標準普爾500指數(.SPX.US)$和$納斯達克100指數(.NDX.US)$截至發稿時，這兩種期貨的漲幅均超過1%。
Recession fears have become entrenched in the market. Inflation has gone from being a primary concern to the sole one, according to OANDA senior market analyst Craig Erlam.
對經濟衰退的擔憂已經在市場中根深蒂固。OANDA高級市場分析師表示，通脹已從主要擔憂轉變為唯一擔憂克雷格·埃拉姆。
The hope now is that any recession will be mild and brief but the situation is evolving so rapidly, that it's hard to know with any real certainty."
- wrote Erlam in a note.
現在的希望是，任何衰退都將是温和和短暫的，但情況演變得如此之快，以至於很難確定任何真正的答案。
-埃拉姆在一張紙條上寫道。
Erlam noted Bitcoin's quick dip below the $20,000 mark and said it was a much-touted critical level.
埃拉姆指出，比特幣迅速跌破2萬美元大關，並表示這是一個備受吹捧的臨界水平。
"The HODLer mentality is really being put to the test and those that haven't bailed yet may be as tempted as they've ever been."
霍德勒的心態真的受到了考驗，那些還沒有被保釋的人可能會像以往一樣受到誘惑。
Investors will look out for the U.S. Federal Reserve Jerome Powell's presentation of the Monetary Policy Report to Congress in the fresh and truncated trading week.
投資者將關注美國聯邦儲備委員會傑羅姆·鮑威爾的在新的和截斷的交易周向國會提交貨幣政策報告。
Glassnode said the Bitcoin market underwent a "massive deleveraging event" this week putting pressure on miners, long-term holders, and the aggregate market.
Glassnode他説，比特幣市場本週經歷了一場“大規模的去槓桿化事件”，給礦商、長期持有者和整體市場帶來了壓力。
The falling dominoes of the current bear market are advancing to a new phase. Alongside miners, Long-Term Holders are now beginning to feel the pressure, forcing many of them to sell at an accelerating rate."
- said the on-chain analytics company in a weekly blog post.
當前熊市中不斷下跌的多米諾骨牌正在進入一個新階段。除了礦商，長期持有者現在開始感受到壓力，迫使他們中的許多人加速拋售。
-這家鏈上分析公司在每週一篇博客文章中表示。
Glassnode data indicate that long-term holder supply fell by 178,000 BTC over the last week, which equals to 1.31% of their entire holdings.
Glassnode的數據顯示，長期持有者的供應量在過去一週下降了17.8萬BTC，相當於其總持有量的1.31%。
Market sentiment continues to remain marred by "Extreme Fear," according to Alternative.me's "Crypto & Fear Index."
根據Alternative.me的“Crypto&Fear Index”，市場情緒繼續受到“極度恐懼”的影響。
Cryptocurrency trader Justin Bennett said on Twitter that the current "bounce" appears to be weak and could be another "bull trap" before we see the next round of selling.
加密貨幣交易員賈斯汀·班尼特他在推特上表示，目前的“反彈”似乎很弱，在我們看到下一輪拋售之前，可能是另一個“牛市陷阱”.
The analyst said the total cryptocurrency market capitalization could touch $670-$730 billion before a relief rally takes place.
這位分析師表示，在出現釋然性反彈之前，加密貨幣的總市值可能會達到6700億至7300億美元。
The lower number put forward by Bennett would imply the market cap declines another 26.05% from current levels.
貝內特提出的較低數字意味着市值將比目前水平再下降26.05%。
Michaël van de Poppe said the apex coin needs to clear resistance near $20,500 for a continuation towards $23,000.
米夏埃爾·範德波普表示，頂端硬幣需要清除20,500美元附近的阻力，才能繼續向23,000美元邁進。
The trader said if Ethereum holds $1,085 levels, he's assuming we'll be seeing $1,250 next.
這位交易員表示，如果以太守住1,085美元的水平，他預計我們下一步將看到1,250美元。
