The decline of Bitcoin this time is not complicated. It is mainly a normal correction. The reasons are as follows:
1. The Federal Reserve does not have the authority to buy Bitcoin. It is only a monetary management agency. The law does not support it to buy Bitcoin, and Bitcoin is not a legal currency.
2. Bitcoin's recognition is not high enough. Just like gold has not been bought for so many years, Bitcoin has not yet reached the point where everyone enters the market.
3. The expectation of interest rate cuts has been adjusted. It was originally expected to cut interest rates four times, but now it has been reduced to two times. The overall market has risen too much before, and the correction is natural.
I believe that the bull market will not end so soon. Look at the Trump family who are heavily invested in Ethereum and dare to cover their positions when the market falls sharply. There is nothing to panic. This is a moment experienced with the most powerful people in the world. Stay steady and we can win.
Spot users don't have to worry. After a month of adjustment, Bitcoin will still rise in the long run. I am very optimistic about the market next year.
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