There are several main reasons for the cryptocurrency explosion:

1. The German government has sold all its BTC! In the past 24 days, the German government has sold 50,179 bitcoins, worth about 3.3 billion US dollars! ! In fact, this amount of money is not much for the trillion-dollar cryptocurrency market, but when the German government sold, some retail investors panicked, and institutions maliciously dumped the market! So the decline was quite severe. Now that the German government has sold all its bitcoins, there is no worry, and this negative news has become a positive news;