Why Bitcoin SV Is Getting Hammered
Why Bitcoin SV Is Getting Hammered
Bitcoin SV (CRYPTO: BSV) is trading lower by some 15% to $97.12 Tuesday afternoon. Shares of several crypto-related stocks and altcoins are trading lower amid Bitcoin pulling back following a new all-time high.
週二下午，比特幣SV（加密貨幣：BSV）的交易價格下跌了約15％，至97.12美元。在比特幣創下歷史新高之後回落的背景下，幾隻與加密相關的股票和山寨幣的股價正在走低。
Bitcoin is the largest and most well-known cryptocurrency, often serving as a benchmark for the entire market. Many altcoins, including Bitcoin SV, tend to follow Bitcoin's price movements closely. When Bitcoin experiences a significant pullback after reaching a new all-time high, it can trigger selling pressure across the entire cryptocurrency market, including Bitcoin SV.
比特幣是最大和最知名的加密貨幣，通常作爲整個市場的基準。包括比特幣SV在內的許多山寨幣都傾向於密切關注比特幣的價格走勢。當比特幣在達到歷史新高後出現大幅回調時，它可能會引發包括比特幣SV在內的整個加密貨幣市場的拋售壓力。
Cryptocurrency markets are also known for their speculative nature, with prices driven by factors such as news, speculation, and market dynamics rather than intrinsic value. When Bitcoin reaches a new all-time high, it often attracts speculative traders looking to capitalize on short-term price movements.
加密貨幣市場也以其投機性質而聞名，其價格是由新聞、投機和市場動態等因素而不是內在價值驅動的。當比特幣創下歷史新高時，它通常會吸引希望從短期價格變動中獲利的投機交易者。
However, once Bitcoin starts to pull back, these traders may quickly exit their positions, leading to increased selling pressure on other cryptocurrencies like BSV.
但是，一旦比特幣開始回調，這些交易者可能會迅速退出頭寸，從而增加對BSV等其他加密貨幣的拋售壓力。
What's Going On?
發生了什麼？
Tuesday saw Bitcoin mimic a rollercoaster, hitting a record high above $69,000 before sharply dropping by 10% around 3:00 p.m. ET, its largest daily decline since November 2022. Various speculations, including a flash crash and profit-taking, circulated to explain the downturn, but no clear explanation emerged within the crypto community...Read More
週二，比特幣模仿過山車，創下69,000美元以上的歷史新高，然後在美國東部時間下午3點左右大幅下跌10％，這是自2022年11月以來的最大單日跌幅。包括暴跌和獲利回吐在內的各種猜測流傳開來解釋經濟低迷，但加密社區中沒有出現明確的解釋...閱讀更多