Why did the market fall last night? Will it continue to fall? The market is actually driven by buying and selling sentiment. Whether it is institutions, market makers or ordinary investors, they are affected by different information every day, especially the macroeconomic data of the United States.
There is still some time before the US election, so the market hype is not strong. It is these macroeconomic information that can directly affect market sentiment.
Now is the interest rate cut cycle, and market sentiment is more sensitive. We are currently in an interest rate cut cycle, which means that if there is more than two unfavorable news of interest rate cuts, the market may panic, resulting in more selling than buying. This change in sentiment will directly affect the price of mainstream coins such as Bitcoin, and altcoins will be even uglier because they do not have enough liquidity.