The truth behind the Bitcoin crash is revealed! It plummeted by $6,000 overnight, and more than 300,000 people were liquidated. Who is the manipulator behind this?
In the past two days, the global capital market has been in a mess. The US stock market and the cryptocurrency circle are all scared. Take the US stock market for example. The S&P 500 index fell a little last night, and the Nasdaq index also fell slightly. Especially Micron, at the train station headquarters, the stock price plummeted by 16%.
Looking at the cryptocurrency circle, it was miserable, and the whole line fell sharply. Bitcoin fell directly below $100,000 per coin on Thursday, and the lowest was $96,000. Coinglass data shows that in just 24 hours, more than 300,000 people were liquidated across the network. Who is the culprit behind this? In fact, it was Federal Reserve Chairman Powell. Just because of his few words, the market fell directly.
What did he say?
First, the Fed does not intend to hoard Bitcoin;
Second, the rate cut will be lowered from 100 to 50 in the future;
Third, inflation expectations have been raised, interest rate expectations have been lowered, and it is hinted that interest rate cuts may be further reduced.
However, assets cannot continue to rise, but Powell's words cannot stop the trend of history. The cryptocurrency wave led by Bitcoin has come. We must control our positions and don't play contracts. Buy more when the market drops sharply and buy less when the market drops slightly, and make money steadily.
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