Bitcoin is crazy!
Since last night, it has been like a wild horse, breaking through the $71,000 mark in one fell swoop! Ethereum has even counterattacked and soared by nearly 20%, rising to around $3,700! Other altcoins are not to be outdone. Mainstream concept coins such as LDO, OP, ARB, UNI, and ENS have all risen because of ETH! Why is the crypto circle suddenly so crazy? There are three reasons: First, Venezuela banned crypto mining on May 20, and seized more than 11,000 mining machines, causing a sharp drop in supply, while the demand side continued to expand, and related ETFs in Hong Kong and the United States performed strongly; second, the credit of the US dollar weakened, spot gold rose, and Bitcoin, the "digital gold", naturally followed; third, the US CPI data in April was in line with expectations, raising expectations for interest rate cuts. Once the interest rate is cut, it will be a big boon to the crypto market! 85,000 people were instantly liquidated, and the Federal Reserve also spoke out. What is the truth behind it? #美联储何时降息？ #币安合约锦标赛