Market crash!!! 💥

Altcoins suffer a setback😕

The current market is experiencing a sharp drop in Bitcoin and altcoins, which is a normal market reaction to a certain extent. Bitcoin is relatively stable because it has the support of Wall Street institutions behind it, while altcoins lack such support, so they are prone to heavy losses when market liquidity is poor. In the case of insufficient liquidity, pulling the market requires real money and silver investment, which also increases market risks and makes investors more cautious.

The current market's situation of following the decline but not the rise is similar to the market situation after the 5.19 crash in 2021, but the general environment and market stage are different. The Federal Reserve may start to cut interest rates at present, and the fourth round of halving bull market is in the opening period, which may have a certain impact on the market. However, as long as the Federal Reserve does not confirm the interest rate cut, market liquidity will still be limited, and the downward trend will be difficult to reverse fundamentally.

The market is full of risk aversion, and investors begin to carefully choose investment targets. The plunge in altcoins shows the market's uncertainty and concerns about its prospects. Despite this, there are still many potential "gold mines" in the market waiting for investors to explore. For Bitcoin, when the price falls below key levels, such as 60,000 and 54,000, it may be a good opportunity to buy at the bottom. Investors should patiently wait for the big bull market in the second half of the year and pay close attention to market dynamics and policy changes of the Federal Reserve.