Realities exposed by the recent market rout:
1. US macro data does not have a significant impact on the cryptocurrency market, but is more effective on US stocks. While U.S. stocks continue to rise, cryptocurrency markets have plummeted, a lack of synchrony that suggests they do not move in sync.
2. During the bear market crash, all bottom-buying indicators appear to be invalid. Some currencies may still continue to fall by 70% after falling by 70%.
3. Even before Ethereum launched an ETF, its price had fallen to the level before the ETF was announced. In a bear market, even ETFs that add U.S. stock markets cannot bring an upward effect.
4. In the cryptocurrency market, only Bitcoin is considered the true “gold standard.” When Bitcoin plummets, only the U.S. dollar is a true safe-haven asset.
These truths reveal the complexities and risks of the market, and investors need to remain vigilant in a volatile environment.
The article is delayed, and if you don’t understand the market and need real-time explanations of learning techniques and experience, please read my introduction to cooking industry.
