Several reasons for the plunge last night
1: The Federal Reserve suddenly announced that it would reduce the number of interest rate cuts from three to one. The expected rate cut was too large, which directly led to the market plunge, but this does not mean a loss of confidence.
2: The three major US stock indexes fell collectively, with the Dow Jones Industrial Average down 1.24%, the Nasdaq down 1.62%, and the S&P 500 down 1.45%. Popular technology stocks generally fell, with Nvidia, Tesla and Meta falling more than 2%, and Microsoft and Google falling more than 1%, which directly led to the collapse of the currency.
3: Bitcoin is about to complete the halving within a week, which should have been good news, but it turned into bad news. #热门话题
Don't be discouraged, the plunge does not represent the overall trend. After falling and stabilizing, it is a good opportunity to buy the bottom in batches. Prices will rise sooner or later. Spot can withstand temporary pain, even if the exchange is not open in the near future, the number of coins has not decreased. As for those who play contracts and blow up their positions, they may really not be able to turn back!
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