A new day begins, and the currency market is in turmoil again
At the beginning of a new day, the overall rebound momentum of the crypto market yesterday was interrupted by the rapid dive of Bitcoin and Ethereum last night. At this critical turning point in the market, any disturbance may bring a short-term impact to the market. The currency market is essentially a news market, and its trend is often influenced by various news.
Federal Reserve Board Governor Bowman once again made hawkish remarks, clearly stating that there is no reason to cut interest rates this year unless there is an unexpected shock. She hopes to see an improvement in inflation data for several months, and may need to wait for "several meetings" before being ready to cut interest rates. In this intensive speech, the swinging trend of "hawks and doves" brought uncertainty to the market. Stimulated by this news, Bitcoin fell directly from $63,000 to $60,180, and Ethereum fell to $2,876.01.
At the same time, the willingness of US spot ETFs to increase holdings is not strong, and Hong Kong's Bitcoin and Ethereum spot ETFs have also performed mediocrely since their listing. However, it is worth noting that most of the currencies that are currently strong in the market are related to news. For example, SOLana ecological tokens SOL, JTO, JUP, RAY, and AR in the storage sector have performed well in recent trends.
Although there has not been a significant rotation in the real hot sectors of the market, last night's market smash is in full compliance with the bull market rules. This market volatility also provides investors with an excellent opportunity to buy at the bottom. In the crypto market, choice is often more important than hard work. Opportunities are always reserved for those who are prepared. Quickly follow Sanjinjinxingxing to configure a reasonable position for you!
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