**Market sell-off frenzy**
**Market sell-off frenzy**
During the Asian trading session, the cryptocurrency market was suddenly sold off violently, and the global cryptocurrency market value evaporated by as much as 5% in just a few hours, falling to $1.57 trillion. Bitcoin, as the leader, fell 7%, while altcoins such as Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), DOGE and SHIB were panic-sold.
**Reason Exploration**
In this sudden market turmoil, investors can't help but ask: What exactly caused this "bloody storm"? Next, we will analyze in depth the five major reasons that may have caused this price plunge.
**Reason 1: Market Adjustment**
The market has its own operating rules, and adjustments after continuous rises are inevitable. A well-known Bitcoin analyst pointed out that the adjustment of Bitcoin prices, which doubled in just two months, was not unexpected, but just a manifestation of market self-regulation.
**Reason 2: Macro Event Impact**
When major macro events occur, market adjustments and pullbacks are often the key to confirming future rebounds. Several recent macro events may have affected investor sentiment and triggered a chain reaction in the market.
**Reason 3: Profit-taking**
With the sharp appreciation of altcoins, some investors may choose to withdraw their funds after making profits. Taking Solana (SOL) as an example, data shows that SOL's contract positions on centralized exchanges have declined, indicating that funds may be exiting the market.
**Reason 4: Bitcoin ETF expectations**
This week is a critical moment for the approval of the Bitcoin ETF. Changes in market expectations have led to the withdrawal of funds from altcoins and the inflow of funds into Bitcoin. The market generally speculates that if the Bitcoin ETF is approved, Bitcoin will rise sharply; conversely, if it is not approved, altcoins may
**Reason 5: Geopolitical factors**
Although the specific details are not convenient to state, some geopolitical events may have had an impact on the market. These events often trigger market uncertainty and cause investors to waver in confidence.
#狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一 #狗狗的价格必将发射月球 $TRU