Why did the altcoin fall by 40%?
1: "War" is one of the important factors affecting the economy
The local friction between Iran and Israel made the market pay for their military expenses
2: "Production reduction" is one of the most important reasons. Before the production reduction, everyone knew that this was an expected negative, especially capital and institutions. They can smell the sensitivity of the market and rush ahead, leaving retail accounts to trample
3: "Interest rate cut" should be the issue that everyone has been paying attention to. A few days ago, CPI exceeded expectations. Everyone agreed that the Fed would not fall but rise, and they were worried about whether to raise interest rates. In fact, this time CPI was at most a little bit higher, not very outrageous. The annual interest rate of the United States is between 5.25 and 5.5. Such a high annual interest rate, coupled with the need to aid Ukraine and even Israel, and the younger brothers from all sides, even the awesome ones can't bear it. The important thing is to speak with data, and high interest rates are not something you can say with your mouth
The European Central Bank just announced a rate cut in June, and I believe it's not far from releasing water
The cycle of big cakes must follow the cycle of the US dollar