沃什终结“美元贬值交易”？币圈周末继续重挫，比特币跌破8万美元大关

Core Viewpoint - The cryptocurrency market experienced a significant sell-off over the weekend, with Bitcoin dropping below $80,000 to its lowest level since April of the previous year, continuing a month-long downward trend. This sell-off was triggered by the nomination of Waller as the next Federal Reserve Chairman, negatively impacting both cryptocurrencies and precious metals like gold and silver, as market bets on dollar depreciation began to unravel [1][9]. Group 1: Market Performance - Bitcoin's price fell sharply, reaching a low of $75,709.88, with a one-day drop of 10% [1]. - Ethereum and Solana saw even steeper declines, with drops of 17% and over 17%, respectively [1]. - The total market capitalization of cryptocurrencies decreased by approximately $111 billion within 24 hours [1]. Group 2: Market Dynamics - The sell-off occurred in a context of thin liquidity and limited buying interest, leading to a total decline of over 30% for Bitcoin [3]. - Approximately $1.6 billion in long and short positions were liquidated, primarily in Bitcoin and Ethereum, with most liquidations happening in the last four hours [4][3]. - Retail investor interest is reported to be extremely low, with trading volumes expected to remain subdued for the next one to two quarters [6]. Group 3: Regulatory and Geopolitical Factors - The geopolitical tensions between Israel and Iran may also influence Bitcoin prices, as recent events have raised concerns in the market [9]. - Delays in new regulatory frameworks for the cryptocurrency industry have further weakened interest in digital assets, as the Senate committee shifted focus away from cryptocurrency legislation [9]. - Despite Waller's previous positive remarks about Bitcoin, his nomination appears to have reversed the upward momentum in both precious metals and cryptocurrencies [9]. Group 4: Investment Sentiment - Traditional safe-haven assets like gold and silver have regained favor among investors concerned about fiat currency, while Bitcoin has failed to attract significant inflows despite the recent surge in gold prices [7]. - The lack of buying interest highlights the challenges Bitcoin faces in its role within broader investment portfolios, as it struggles to serve as both a momentum trade and a hedge against currency depreciation [8].