Bitcoin has been rising and falling, and the entire market is like a roller coaster, with crazy ups and downs. Fortunately, the current market is stable around 88,000.

The reasons for the Bitcoin plunge are the rise in risk aversion and Grayscale selling. This is only a temporary plunge. The plunge in the second half of the night was mainly due to Powell’s hawkish speech. All US stocks, gold, and Bitcoin plummeted!