A new day begins, and the market always has new hotspots emerging every day. Recently, the dramatic rise and fall of the market and Bitcoin last night were all influenced by news stimulation. In fact, the market is just a news stone. The plunge in Bitcoin last night and early this morning
came from the news front, where the U.S. released a series of strong economic data, which severely dampened expectations for a Fed rate cut. Not only did Bitcoin and Ethereum lead the entire market into a one-sided decline, but it also caused the three major U.S. stock indices to continue to fall. The strong economic data released by the U.S. also led people to speculate about the non-farm payroll data that will be released on the evening of the 10th. In fact, the significant drop at this moment can also be interpreted as whales and institutions taking the opportunity to deeply crash the market based on the news. Perhaps this moment gives you another good opportunity to enter the market.
