The overall cryptocurrency market plummeted. Has the so-called bull market been interrupted?
In the past 48 hours, the global cryptocurrency market has experienced a dramatic price fluctuation. From a macro perspective, the total market value of cryptocurrencies has fallen to US$2537.9 billion, a 24-hour drop of 7.3%
In terms of the market, many people are worried whether the so-called bull market is a precursor to premature death. At present, I have summarized several views on this plunge
First, the block reward for Bitcoin mining is about to be halved, and miners have too little income from mining. This potential reduction in income will make them pay higher operating costs in the next quarter, forcing them to sell Bitcoin at the current high, resulting in a continuous drop
Finally, war broke out in Iran, forcing people who own Bitcoin in the two countries to take action. After all, in times of war, 💰 is more suitable to be in your pocket than a bunch of numbers
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