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.
$位元幣(BTC.CC)$和$以太(ETH.CC)$週二晚間，隨著全球加密貨幣市值下跌1%，至9049億美元，投資者面臨壓力。
| 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 |
| 錢幣 | 24小時 | 7天 | 價格 |
|---|---|---|---|
| 位元幣(密碼：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)(密碼：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 |
| 加密貨幣 | 24小時百分比更改(+/-) | 價格 |
|---|---|---|
| 凸金融(CVX) | +23.5% | 5.86美元 |
| 曲線刀令牌(CRV) | +10.3% | 0.96美元 |
| 基本關注令牌(BAT) | +6.3% | 0.44美元 |
Why It Matters: Cryptocurrencies continue to maintain their inverse relationship with the greenback.
為什麼這很重要：加密貨幣繼續保持與美元的反向關係。
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.
據路透社報道，美元指數周二上漲1.3%，觸及2002年12月以來的最高水準，儘管人們擔心經濟衰退即將到來。美元指數衡量美元對一籃子六種貨幣的強弱。
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.
對美元資產安全性的需求上升，因對經濟活動的預期明顯降低。
--他說。肖恩·克魯茲據路透社報道，這是TD ameritrade駐芝加哥的首席交易策略師。
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分析師馬庫斯·索蒂裡奧在一份報告中寫道，“美元強勢導致位元幣疲軟。”根據Sotiriou的說法，加密貨幣的另一個負面因素是流動性的撤出。
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and [TerraClassicUSD (USTC)] crash has led to a tragic contagion amongst other crypto firms, as we have seen liquidity withdrawn from the crypto market at an extraordinary rate."
位元幣仍低於2017年的歷史高點，這令看漲位元幣的人感到擔憂。[Terra Classic(Luc)]和[TerraClassicU.S.(USTC)]崩潰導致了其他密碼公司的悲劇性蔓延，因為我們看到密碼市場的流動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.
加密貨幣交易員賈斯汀·班尼特表示，美元指數在6月份收於多年來的顯著水準之上，並在週二創下20年來的新高。
"All signs point to 120, suggesting another 12-20 months of suppressed movement from stocks and [cryptocurrencies]."
“所有跡象都指向120，這表明又有12至20個月的資金從股市和(加密貨幣)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.
米夏埃爾·範德普普預計位元幣將盤整，然後突破下一個阻力區域，然後繼續向23,000美元水準進發。
Van de Poppe noted the strength of the dollar index but said it was matched on the equities side as well.
範德普普指出了美元指數的強勢，但表示股市方面也與美元指數持平。
"First time we're seeing such a recovery after a severe correction + strength on the [dollar index]."
“在(美元指數)大幅回調+走強之後，我們第一次看到了這樣的復甦。”
Wouldn't be surprised if this continues in the coming period, despite the overall sentiment being ultra bearish."
- said the cryptocurrency trader.
儘管總體情緒極度悲觀，但如果這種情況在未來一段時間內繼續下去，也不會令人驚訝。
--這位加密貨幣交易員說。
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.
這個$標準普爾500指數(.SPX.US)$和$納斯達克綜合指數(.IXIC.US)$週二分別收高0.2%和1.75%。截至發稿，他們的期貨分別上漲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.
鏈上指標顯示，在交易所以外持有的所有位元幣中，位元幣供應損失的比例達到48.1%。推特上寫道，在這些損失的位元幣中，60%由長期持有者持有Glassnode。
