💥Coin circle plummets! Is the bull market about to end? ⁉️

Recently, the Bitcoin and altcoin markets have fallen sharply.

The main reasons are:

1. Google's quantum computing breakthrough, if its Willow chip is used for mining, will threaten the decentralized nature of Bitcoin, leading to intensified competition among miners, and the market is worried about its prospects.

2. Microsoft refused to invest in Bitcoin, and the board of directors rejected the proposal to invest 1% of its assets, which increased the market's cautious attitude towards large companies investing in cryptocurrencies and hit investor confidence.

3. The US dollar appreciated and the financial environment tightened. Since September, long-term bond yields and mortgage rates have risen, global money supply has tightened, and the macro risks of crypto assets have increased.

4. Market sentiment and capital flow. When the price of Bitcoin rises, institutions and market makers transfer funds to Bitcoin through the BTC/altcoin trading pair, which puts a lot of selling pressure on altcoins.

5. Powell's hawkish remarks, the chairman of the Federal Reserve said that interest rates will continue to rise and the inflation target of 2% will be achieved in the next 1-2 years. The high US dollar interest rate has hindered the inflow of funds into the crypto market.

6. Profit-taking selling. After the cryptocurrency price rose, some investors and institutions sold for profit, which impacted the market and caused the price to fall.

7. The impact of Bitcoin ETF, although it attracted traditional investors, increased market volatility. The inflow of funds may have the risk of insufficient liquidity, making the market more sensitive to Bitcoin price fluctuations.

In short, multiple factors led to the market downturn. It seems to be a big drop, but it hides opportunities. The Musk-themed puppies that have been paid attention to recently have great potential in the future and are worth looking forward to. #圣诞行情预测 #市场调整後的机会？ #puppies $BTC $DOGE