比特币升破88000美元，加密货币近1个月蒸发万亿美元市值

Core Insights - The cryptocurrency market has experienced a significant rebound, with Bitcoin briefly surpassing $88,000, reflecting a 1.45% increase in the last 24 hours, while Ethereum rose over 3% and XRP nearly 8% [1][2] - Despite the rebound, over 110,000 traders faced liquidation, with a total liquidation amount of $366 million [1][2] - Bitcoin's price has seen a drastic decline from a peak of approximately $125,000 in early October to around $80,000, marking a 35% drop and resulting in a total market cap loss of about $1 trillion [2][4] Market Dynamics - The primary reason for Bitcoin's price drop is the changing macroeconomic expectations in the U.S., particularly regarding the Federal Reserve's stance on interest rates, which has led to reduced liquidity in the market [4] - Institutional investors are reducing leverage and selling high-risk assets like Bitcoin in response to rising funding costs, creating initial selling pressure [4] - The anticipated favorable regulatory environment for cryptocurrencies has not materialized, leading to a decline in market sentiment and a subsequent downward spiral in prices [4] Market Sentiment - As the market enters a downtrend, investor sentiment deteriorates, prompting accelerated deleveraging and reduced trading willingness, which perpetuates the downward cycle [4] - Increasing global regulatory scrutiny on cryptocurrencies has shattered the illusion of "absolute safety" associated with crypto assets, leading to a more cautious market outlook [4]