Why did the US stock market not fall last night, but the cryptocurrency market exploded? What went wrong?

The reason is that Wall Street Bet Wall Street gamblers overturned. Meme stock king GME plummeted by more than 50% in one day, and retail investors collectively returned to zero.

On Friday, WSB leader Gill live-streamed GME stocks, but was stabbed by GME management. GME announced its financial report in advance that day, with a loss of more than 30 million in the first quarter, which put pressure on the stock price. Of course, do you think that's the end?

GME announced that it would sell an additional 75 million shares. This announcement directly buried all WSB people alive, so that the cryptocurrency market, which was deeply implicated, also suffered, and various meme coins flashed down by 20%.

If the employment data last night was far beyond expectations, causing each coin to fall by 5%, then the GME crash in the middle of the night was a sure kill for the cryptocurrency market! And yesterday, Benqin saw the flash crash of PEPE in the early morning, asking everyone to buy the bottom. Although they didn't buy 0.11, they bought 0.12.

Will the cryptocurrency market rise or fall in the future? Shuqin believes that the Federal Reserve’s interest rate meeting at 2 a.m. next Thursday will set the tone for the final market trend, but no matter what, I firmly believe that the bull market will come late but surely!