Federal Reserve Chairman Powell said one thing, and it blew up more than 200,000 people, with contracts liquidating over 4.4 billion
Powell stated that the agency has no intention of participating in any plans for the government to hoard large amounts of cryptocurrency
As soon as the news broke, the crypto market plummeted
Including the previous two declines, this is already the third time
Moreover, the sharp declines in the first two instances have consumed a lot of buying power
Therefore, after this sharp drop, no significant funds have entered, resulting in a weak rebound
It's like burying the capital that was trying to bottom out
To regain strength in the short term, new policies are needed to stimulate the market
Those who have experienced it know
Before the altcoins make a violent surge, they will go to leverage and contracts
So the market is likely to use Powell's words to conduct a fierce washout of altcoins before a bull market
If there is still capital, now is the best time for you to enter the market
The bull market is still on.