Why is the cryptocurrency market collectively plummeting today?
To put it simply, everyone's eyes are on the Federal Reserve's interest rate meeting, and everyone is feeling anxious!
This time, people are not just concerned about a simple 25 basis point cut; more importantly, they want to see how the dot plot looks and what Powell will say.
There are rumors in the market that the Federal Reserve might only cut rates two or three times by 2025, at most four times, which means interest rates will still remain high!
When interest rates are high, those black swan events are likely to occur, and the easing policies will take their time, which makes investors uneasy, naturally increasing risk awareness.
Moreover, whether the Bank of Japan will raise interest rates in December also needs to be addressed today. Although most people think the possibility of a rate hike is low, the market gets very jittery at the slightest hint of change, so it's quite wise for investors to take a step back for now.
These two major events today may also intertwine with next week's Christmas, making the market even messier, and the volatility will be something....
Recently, I plan to position myself for a potential coin that is ready to explode; doubling my investment should be quite simple. At the same time, I'm also looking for some potential coins to hold until the end of the year, with an expected upside of more than 10 times, so if you want to follow along, please like and leave a message for a free share.
