1: Ethereum upgrade did not achieve the expected effect:
The Ethereum upgrade effect was not very good, and the price of ETH fell. Everyone thought there would be a big move after the upgrade, but the result was a bit disappointing.
2: The Canadian and European central banks cut interest rates and the market was a little panicked:
Some banks in Canada and Europe have recently cut interest rates, which usually means that the economy may not be very good. When everyone saw the news, they began to feel nervous, and the cryptocurrency market was also affected.
3: The interest rate cut was not as fast as everyone thought:
Everyone thought that banks would cut interest rates soon, but the actual situation may not be that fast. This gap also made the market a little overwhelmed, and the price fell.
4: The U.S. Securities and Exchange Commission is too strict:
The U.S. Securities and Exchange Commission (SEC) is too strict with cryptocurrencies, which makes people inside cryptocurrencies very dissatisfied. When everyone saw this regulatory situation, confidence dropped, and the market was also affected.
In this market, we can only look at the projects carefully and dig out good projects. The price of Bitcoin is still sideways at 67,000, and the cottage industry is already at the low point of the bear market. Look, the inspector has found a magical project of OK, with less than 1 billion US dollars + Binance + OKX online, top institutional investment, more than 80% of tokens unlocked, belonging to the key track AI, Gamefi
