So many things combined to create this decline! !
First, CZ Company was fined more than 50 billion for violations, and was subsequently subject to continuous scrutiny. This series of events was seen as a silent protest against US hegemony, and market enthusiasm also cooled significantly.
Then the UK confiscated a total of 51,000 cryptocurrencies, which mainly originated from China. Many of them are free from foreign exchange controls, and the demanders behind them are self-evident.
Third, with the halving of cryptocurrency mining rewards and the launch of Hong Kong ETFs (exchange-traded funds) turning into negative news, the market lacks major positive support. This trend indicates that the trend is difficult to continue to rise.
Finally, and most importantly, whenever a hot event or topic related to cryptocurrency appears, each platform will pay great attention to it. However, when similar topics become rampant, traffic will decrease significantly, which may be a sign of a change in market trends.
A senior industry insider has a very pertinent view. He believes that the trend of cryptocurrency is closely related to the game between China and the United States and the dispute over monetary sovereignty. Last year, the national level deployed a large number of chips in the price range of 15,000 to 18,000, and then continued to increase its holdings in the price range of 30,000. Since then, discussions and explanations of cryptocurrency trading on major social platforms have also tended to be moderate.
The bullish forces that were previously concentrated in the European and American markets are now showing signs of breaking out, indicating that the market harvest may gradually begin.
I hope everyone will pay attention to the risks.
After the May holiday
I will lay out a spot
In the short term, there is a high probability that it will double, and in the long term, the increase will be 3-6 times.
In addition, contract strategies will also be shared free of charge in the room.
I won’t let my fans be disappointed in this bull market! This is the truth👈
Deduct 1 in the comment area
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