The Federal Reserve turns hawkish, cutting rates by 25 basis points as expected in December, but guiding for only 2 rate cuts next year, far below the market expectation of 4.
Bitcoin follows the sharp decline in US stocks, while altcoins plummet. Historically, gold often emerges around Christmas time in Europe and the US.
The market saw nearly 700 million liquidated in 24 hours. The game driven by contracts in the market will eventually require repeated cleansing; the old Powell's speech is merely a catalyst. There is always a pullback before Christmas every year. It seems this pullback has come a bit earlier. Will the real market trend begin after the adjustment?
What we need to do is hold onto valuable coins, bravely look for value coins during each drop, and firmly grip them without being shaken out. Remember that every drop now is for a better rise in the future; choosing the right targets is more important than everything else!
Two main principles for selecting coins:
The strong remain strong (solid fundamentals, mainstream coins, value coins)
What goes to extremes must reverse (there's nowhere left to drop, high cost-performance ratio)
The total balance of Bitcoin across major global exchanges has decreased from 2.72 million at the beginning of the year to 2.24 million, and has continued to decline significantly over the past two months. Currently, the remaining balance in exchange wallets accounts for only 11.3% of the total circulating supply of 19.8 million, cherish the chips in your hand! $BTC $SOL #美联储放鹰 #加密市场回调