The collapse of the cryptocurrency market has shocked the world. Where will the market go in the future?
The cryptocurrency market suddenly collapsed, and the market value evaporated by more than 500 billion US dollars. Bitcoin was also hit hard, and the theory of cold winter was rampant. Global markets were hit simultaneously. Japan's interest rate hike triggered a chain reaction, the Nikkei index plummeted, and the historical sell-off reappeared. South Korea's sell-off ban, the huge shock of US stocks, and the decline in employment have cast a shadow of economic recession.
In the face of panic, bulls and retail investors are waiting for opportunities, and the discussion of buying on dips has heated up. Santiment warned that the US market may see a bigger drop after awakening. However, emotional selling may also accelerate the pace of rebound. Market sentiment has reached the freezing point, and the fear index has plummeted. But everything will turn around, and market sentiment is expected to gradually return to neutrality, and a rebound can be expected.
At this moment, the future of the cryptocurrency market is uncertain. Will it continue to sink or bottom out and rebound? What is your opinion? Leave a message to share and explore the market outlook together!
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