🚨🚨🚨The cryptocurrency market plummeted, and these three things are the key!
1. Japan raised interest rates. Japan had zero interest rates before, so a lot of capital went to Japan to borrow money and then invested in the US stock market or the Japanese stock market. Now that Japan has raised interest rates, the cost of funds has increased, and a lot of funds can only be withdrawn from places with many bubbles such as the US stock market. This is a big weather vane!
2. US bonds. Although everyone thinks that the United States will cut interest rates in September, the current 5-point bonds are quite attractive. Those funds that pursue stability will withdraw from the high-ranking US stocks and buy these 5-point bonds. The bond interest rate will be reduced next month, so funds are eager to withdraw from the US stock market and buy US bonds. As a result, the US stock market was trampled, and the bubbles accumulated in recent years began to burst, and fell continuously.
3. US election. 2-3 months before each election, the market fell or fluctuated because the uncertainty was too great.
When the election is decided and the interest rate cut is confirmed, the market will rise with the tide. This is all temporary, don't worry. Every round is like this, it's just a cycle that repeats itself.
Family, don't panic, the most frightening thing about trading is that you are there when it falls, but you are no longer on the table when it rises! One good thing about the currency circle is that as long as you don't lose everything, you will never give up your faith. There is a fresh product on BN that is about to start a surge, and I have repeatedly mentioned it to old fans in the past few days, cooking pages into the village
