Why did it fall again? The main reasons are as follows!
1. Since last week, Bitcoin ETF has shown a net outflow. According to data, as of June 15, the US Bitcoin spot ETF had a cumulative net outflow of US$580.6 million. This has led to pessimistic market sentiment, and Wall Street said that all cottages are garbage!
2. This year's market is unpredictable, memes disrupt market sentiment, and the market has alternated between bulls and bears, which has also blinded analysts. But the outflow of Bitcoin ETF is still the main reason for this decline.
3. South Korean financial authorities may delist about 600 cottage coins this year. This move is a response to the upcoming "Virtual Asset User Protection Act", which will take effect on July 19.
4. Affected by the overall environment, policy, news, and sentiment. Now is the time when the crypto market is sluggish! The sentiment is negative, and the policy impact is bound to accelerate the decline. The impact of the policy cannot be underestimated. The global market is affected by the policies of the United States!