Bitcoin has corrected over 90,000, what’s the real reason behind the halving of altcoins?
Last week it fell for three days, this week it fell for three days, Bitcoin has corrected around 10%, and altcoins have been halved.
As mentioned yesterday, Bitcoin's decline is not something that Old Powell can decide; he said the Federal Reserve will not hold Bitcoin, and a lot of people came to analyze and interpret this. You all are there cursing him, but the real reason behind it is that Bitcoin rose too high and needs to fall. Is Old Powell's authority greater than the President's?
Firstly, the Federal Reserve has no right to purchase Bitcoin at all; they are a monetary management institution and do not support the purchase. Moreover, Bitcoin is not a legal currency, so they can't buy it. So is it wrong to say they do not hold Bitcoin? The real reason for the decline is that the number of interest rate cuts over 25 years has dropped from 4 times to 2 times, and with Trump taking office next month, there will definitely be a surge. How can it rise so high now? Additionally, there are many people in this world who reject Bitcoin, and there are definitely jealous individuals, leading to various reasons for the decline....#加密市场回调