At a time when the digital currency market is as volatile as a roller coaster, the recent plunge of Bitcoin is jaw-dropping, like a summer thunder, foreshadowing the coming of a storm. Not long ago, the market was still immersed in the celebration of the historical high of $66,000. In a blink of an eye, the price has fallen below $63,000, and the market seems to be frozen in an instant. What is even more distressing is that as of now, it has hit the 60,000 mark. The limit drop caused more than 80,000 investors to liquidate their positions, with a total loss of up to $2.3 billion, which is chilling.

Let's sort it out from the beginning. The trigger of this big drop is closely related to the speech of Federal Reserve Chairman Powell. Powell revealed a shocking view at a gathering in Nashville, Tennessee. The market expected the Federal Reserve to continue to cut interest rates to release funds, but Powell poured cold water on it, pointing out that the 50 basis point interest rate cut is not a long-term solution. He emphasized that if the economic data is stable, there will be at most two interest rate cuts this year, totaling 50 basis points. As soon as this statement came out, the market immediately felt the chill, and investors sold off one after another, causing the market to fall into chaos. #加密市场急跌 #伊朗导弹袭击以色列 #灰度拟推出AAVE信托基金 #美SEC对Ripple案裁决提出上诉 #Bitwise申请XRPETF $ETH $BTC