Bitcoin fell to $53,000. Why does the market think that the bull market is over?
Where is the future of altcoins? This callback has not returned to a reasonable position.
Most people's wallets have traces of being cut in half, so once it falls, they are afraid of further falls.
After all, the current price is already lower than the miners' starting price. If it continues to fall, most miners who can't bear it will sell frantically, pulling the price of Bitcoin directly to the half-cut position.
When Bitcoin falls, altcoins will also fall at the same time. After all, Bitcoin has become a weather vane. How can we confirm whether the decline will stop next? In fact, from the fact that the Fed's interest rate cut has not come yet, we can feel that the market has been on the negative side.
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