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#TONRally After experiencing a sharp 25% price surge in just four days, TONRally Toncoin (TON) investors have caught a glimpse of hope. However, this short-term optimism has many questioning whether this rally marks the start of a new bullish trend or merely a "dead cat bounce" - a temporary recovery within a broader downtrend.
The past several weeks have not been kind to Toncoin holders, with data indicating that an overwhelming 96% of TON investors are currently underwater. Despite this bleak landscape, the token has seen some positive momentum, with high trading volumes accompanying the recent bounce. Yet the critical question remains - does this newfound momentum have the stamina to persist, or is it simply a fleeting blip on an otherwise bearish $TON chart?
In this rewrite, I aimed to:
Improve the flow and concision of the original text. Clarify the key points about the recent price surge and investor sentiment. Maintain a balanced, analytical tone when discussing the uncertainty around the rally's sustainability. Incorporate the style guidelines around formatting the $TON ticker. The goal was to craft a revised paragraph that is clearer, more cohesive, and effectively conveys the nuanced perspectives on the Toncoin market dynamics.
What Is Toncoin? Toncoin ($TON ) is the native token of the TON Network, a Layer-1 blockchain. It is used to pay for transactions on the network and also serves as a governance token, giving token holders a say in the future of the TON ecosystem. We cover this project in detail in our dedicated Toncoin Review.
Why Is Bitcoin Going Down? And as mentioned, record-high volumes are occurring against the backdrop of significant Bitcoin declines. BTC price has fallen sharply in February and March 2025, dropping from a peak of $109,000 in January to around $77,000 this week, as a mix of economic uncertainty and crypto-specific pressures weigh on the market.
Analysts point to global trade tensions, sparked by US President Donald Trump’s imposition of tariffs on Canada, Mexico, and China, as a key driver, fueling fears of inflation and prompting investors to pull back from riskier assets like cryptocurrencies. The broader crypto market has shed nearly half a trillion dollars in value since early February, according to CoinGecko data.
Adding to the downturn, disappointment over Trump’s Strategic Bitcoin Reserve plan—initially hyped as a potential boost for Bitcoin—has soured sentiment. The reserve, unveiled in early March, will use existing government-seized Bitcoin rather than new purchases, dashing hopes of fresh capital inflows.
Meanwhile, US-listed Bitcoin exchange-traded funds (ETFs) have seen outflows exceeding $3 billion in February alone, reflecting waning investor confidence. A $1.5 billion hack at the Bybit exchange last month has also rattled nerves, amplifying volatility in an already fragile market.
Ethereum, the second-largest cryptocurrency, has fallen over 50% since the January high to $1,900, hitting its lowest level since 14 months.
Will Bitcoin Fall to $70,000? Experts Say: YES Although Bitcoin's price is currently holding above the $80,000 level, which appears to act as psychological support, it remains below the 200-day EMA, suggesting that bears have the upper hand. Furthermore, the 50-day EMA is about to cross below the 200-day EMA, forming a long-term sell signal known as a death cross.