Why did the cryptocurrency market fall this time? Will it fall again?

The cause of this plunge was the Michigan inflation forecast released at 10 o'clock last night. It was raised from 3.2% to 3.5%. When the data came out at 10 o'clock, the cryptocurrency market and US stocks fell directly.

However, this data is not so useful. He often changes his forecast. If inflation is high, he predicts high, and if it falls, he predicts a fall. Don't scare yourself. This time, his forecast was changed from 3.2% to 3.5%. If the forecast can be changed upward, he can also change it downward. When inflation comes down later, he will predict a decline again.

The inflation data next Wednesday is likely to fall. I think it will be a good thing and should be a prelude to a big rebound. So each coin can buy a few points at a low point.

And the hot coins Sol, WIF, PEPE and RNDR we talked about this week are all very strong. When BTC and ETH hit bottom, SOL could drop to 120u, WIF 2.3u, RNDR 7u, but now SOL is 140+, WIF3u, RNDR is also 10u+

These are not falling, they are very strong, and we have a surplus from the bottom we bought before.

However, for stability, you can play with the exchange rate, and appropriately exchange these currencies that have not fallen much for some BTC ETH and other currencies that have already plummeted. It is an alternative bottom-fishing and a more stable choice.