Increase your holdings of BTC! Watch out! Bitcoin is falling!!!
BlackRock has warned! Bitcoin has been falling since it briefly reached $70,000 at the beginning of the month. The total market value has dropped by $300 billion, and there is no hope for $4 trillion!
This is related to what U.S. Treasury Secretary Yellen said at the beginning of the month about high interest rates, saying that high interest rates make it difficult for the fiscal department to control deficits and interest payments, and may also end cryptocurrencies such as Bitcoin.
This hits the pain point of crypto investors, and then crypto market assets have been going down. BlackRock, the largest issuer of Bitcoin ETFs, also warned that unprecedented situations will hit Bitcoin prices and markets.
BlackRock analysts said that central banks of various countries have to make interest rates higher than before the epidemic to cope with inflationary pressures, and this chaotic situation will continue for a long time.
The trend of Bitcoin prices shows that after hitting a high of $71,907 on June 7, it has fallen by about 10%. Now Bitcoin is $64.319.
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