Federal Reserve Chairman Powell said in one sentence, it exploded over 200,000 people, and the contracts exploded with losses exceeding 4.4 billion

Powell stated that the agency has no intention of participating in any plans for the government to hoard a large amount of cryptocurrency

Once the news broke, the cryptocurrency market plummeted

Including the previous two declines, this is already the third time

Moreover, the sharp declines in the first two instances have already consumed a large amount of buying power

Therefore, after this sharp decline, there was no noticeable influx of funds, resulting in a weak rebound

It's equivalent to burying the funds that were looking to bottom out

In the short term, to regain strength, new policies are needed to stimulate the market

Those who have experienced it know

Before the altcoins have a violent surge, they will go to leverage and contracts

So the market is likely to use Powell's knife to carry out a fierce washout of the altcoins before the bull market

If there are still funds, now is the best time for you to enter the market

The bull market is still on.