The altcoin plummeted by 10%, while the bitcoin price only fell by more than 3%. Why is the market so turbulent?

1: The main reason for the sharp drop in altcoins and the weak volatility of bitcoins is the lack of liquidity in the market. The Fed's base interest rate is as high as 5.5%, which makes it expensive for foreigners to borrow money and difficult for market funds to flow freely.

2: In the bull market of 21 years, the base interest rate was close to zero, and the altcoins soared at that time. The reason why bitcoin can remain relatively stable is that there is a transfusion of ETF funds, but the altcoins do not have such financial support.

3: Therefore, it is necessary to wait until the Fed cuts interest rates and the base interest rate is below 2% before it can be regarded as a real bull market. Faced with the sharp fluctuations in the market, many investors are panicking. But at this time, we should remain calm, eliminate contracts, hold value coins, and patiently wait for the market to turn around.