If you ask me if the cryptocurrency market is currently in a bull market, I will tell you clearly that it is not.

1. In recent months, the trading volume of the cryptocurrency market has continued to be sluggish, and market sentiment has also entered a trough amid repeated fluctuations.

2. Any price increase appears to be accidental and lacks sustainability, which is obviously not in line with the characteristics of a bull market.

3. The overall financial market environment is not optimistic. In addition to the fact that the "Big Seven" stocks in the U.S. have stopped their blood-sucking surge, Japan's interest rate hike policy has also made it impossible for the yen carry trade to continue.

Don’t forget that Black Monday on August 5 just happened. Once more problems arise in Japanese yen arbitrage, the market may encounter another black trading day. Overall, the crypto market is currently making a tentative recovery based on expectations that the Federal Reserve may cut interest rates in September. However, how long this recovery will last remains difficult to predict. If the situation is good, it may start the next stage of the bull market; if the situation is not good, it may just be a short-term rebound and then continue to consolidate. I believe a bull market will eventually come, but probably not now. #Telegram创始人被捕 #新币挖矿DOGS #美联储何时降息？ #MtGox钱包动态 #合約