Recently, the cryptocurrency market has been a bit tight—Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have all started to 'slip.' ETH fell by 5.2%, XRP dropped by 3.8%, and Solana also declined by 6%. Even the cute Dogecoin (DOGE) couldn't escape, shrinking by 5.2%!

Barron's Weekly stated that this drop is closely related to the macroeconomic situation—high interest rates and economic slowdown have made investors less bold. The U.S. Treasury Department has clearly indicated that it will not increase its Bitcoin holdings in the short term, which has made the market a bit nervous.

Analyst Antonio Di Giacomo also reminded everyone that Bitcoin has risen too quickly, and a correction is inevitable. The digital currency market has actually been oscillating between 'optimism' and 'caution': on one hand, institutions are entering, and demand is real; on the other hand, price volatility is high, and speculative risks are also elevated.

Next, everyone's attention is on Powell's speech in Jackson Hole. If it is hawkish, risk assets may continue to be under pressure; if it is dovish, the market may stabilize, and the cryptocurrency sector can catch a breath. #加密市场回调 #山寨季何时到来？