Emergency Notice! Cryptocurrency Plummets, the Truth Behind the Scenes Revealed!
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Yesterday, the cryptocurrency market was in high spirits, but today it suddenly 'fell off the chain.' What caused Bitcoin, XRP, Dogecoin, and Shiba Inu to suddenly fall out of favor?
The market changes face in an instant
The Federal Reserve meeting becomes the focus: Everyone is watching the Federal Reserve's year-end meeting, expecting a rate cut of 25 basis points. However, behind this rate cut may lie more cautious monetary policy signals, turning market sentiment conservative.
Price drop: Bitcoin fell from a high of about $104,000, XRP plummeted over 5%, and Dogecoin and Shiba Inu also decreased by over 4% each.
Fluctuations alternate, market volatility intensifies
The driving force of the rebound: This week, Bitcoin surged due to favorable news, especially Trump's proposal to establish a 'strategic Bitcoin reserve,' which filled the market with anticipation. The U.S. government holds about 200,000 Bitcoins, valued at up to $21 billion, which could become the starting point for reserves.
Short-term profit-taking: As the gains reached a certain level, traders opted to cash out, leading to a noticeable correction in the cryptocurrency market.
Increased macro uncertainty
Hawkish concerns: A strong labor market and Trump's tariff policies could push up inflation, prompting the Federal Reserve to adopt a more conservative monetary policy. This possibility has made investors wary, increasing risk-averse sentiment.
Despite the current market fluctuations, the cryptocurrency market still has immense potential in the long run. Stay tuned to policy dynamics, seize opportunities during adjustments, and it may pave the way for future investments!
Click the avatar to live, watch the live broadcast to catch the bull market!