The cryptocurrency market suddenly plummeted, and more than 90,000 people were liquidated! Where should the turbulent cryptocurrency market go?

In July this year, once the US employment report was released, it instantly triggered everyone's concerns about the recession of the world's largest economy, the United States. After all, once the world's first economy enters a rapid recession mode, the global economy will decline rapidly.

But what is unexpected is that the first to be affected by this chain reaction is the cryptocurrency field. At the beginning of August, cryptocurrencies suffered a rapid decline, and the largest cryptocurrency Bitcoin once fell to $60,504.1. You know, Bitcoin hit a high of $70,000 on July 29. In a few days, Bitcoin not only failed to maintain a positive situation, but plummeted 12% from the high point, which was shocking.