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🔹Reviews of Cognitive Society
On April 12, Bitcoin plummeted to 65,100, which was not a big drop, but the altcoins collapsed.
The superficial reason is that the war in the United States has triggered expectations of rising oil prices, and rising oil prices have triggered expectations of rising US CPI. The fundamental reason is the panic about the delay in the US interest rate cut.
In fact, Cognition Society believes that the root cause is:
Exchanges represented by Binance OK have been constantly launching new coins to attract trading popularity in the bull market. These new coins, which have nothing, have a market value of tens of billions or hundreds of billions, which quickly drains the market.