Several reasons for the sharp drop last night:
1-The Federal Reserve suddenly announced a rate cut from 3 to 1. The expected discount of the rate cut was too large, resulting in a direct plunge, but this does not mean that there is no confidence.
2. The three major US stock indexes fell collectively, with the Dow Jones Industrial Average falling 1.24%, the Nasdaq falling 1.62%, and the S&P 500 falling 1.45%. Popular technology stocks generally fell, with Nvidia, Tesla, and Meta falling more than 2%, and Microsoft and Google falling more than 2%. 1%, directly leading to the collapse of the currency.
3-Bitcoin is about to complete the halving within a week, which will turn good news into bad news.
Don't be discouraged. A sharp drop is not a big trend at all. After the decline stabilizes, it is a good opportunity to buy the bottom in batches. Sooner or later, the price will rise. This part suffers temporary pain. Even if the exchange is not opened in the near future, the number of coins has not decreased. As for those who play contracts and blow up warehouses, they really can't go back!
4-The conflict between Iran and Lebanon has caused tensions, and fuel prices in the Middle East will rise.
Don't be discouraged. A sharp drop is not a big trend at all. After the drop stabilizes, it is a good opportunity to buy the bottom in batches. Sooner or later, it will rise again.
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