Major!! Major event!!

Chinese official media suddenly mentioned Bitcoin!!

After reading this post, it is indeed a major sudden event. Last time, $BTC , Bitcoin did drop from $70,000 to below $50,000 after being mentioned by Chinese official media.

But you can imagine how big the impact is. This time, the official media actually mentioned it in the article "Global Economic Environment Changes and Geopolitical Risks Superposition, Be Cautious about Virtual Currency Investment" on the 18th.

The general meaning is: "The virtual currency market has fluctuated violently recently. Bitcoin fell from $70,000 at the end of July to $58,000 on August 16, hitting a new low in nearly a year. The market decline was driven by multiple factors, including poor US economic data, a decline in the global capital market, geopolitical instability, and leveraged trading that amplified volatility. Although the launch of Bitcoin ETFs has increased market liquidity, the involvement of institutional investors has also exacerbated market volatility. In the future, Bitcoin prices will be affected by global economic and regulatory policies, and investors need to remain cautious."

So, I don’t know how to say it, anyway, I advise everyone: Be cautious in investing!!!🥶🥶. As for whether the market will fall or not, I believe what I say will have no effect, so everyone should look at it rationally.

Then continue @CARV

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