The current cryptocurrency market is really weak. The day before yesterday, the U.S. stock market rose, but the cryptocurrency market fell instead. Analysts in the cryptocurrency circle began to look for reasons in the circle, speculating whether there was a dog dealer clearing leverage. As a result, the U.S. stock market also began to fall last night, and the cryptocurrency market actually fell even worse. Now it seems that this wave of cryptocurrency market is "following the decline but not the rise", and the market sentiment is indeed very depressed.
Yesterday, the market rebounded for a whole day, and the big cake stood on 60,000 again, but as soon as the U.S. stock market opened and fell last night, the big cake also collapsed immediately, and fell below 58,000 in the early morning. What else can be said about the dog dealer clearing leverage and the decline in order to rise better? This reason is not very tenable. In the final analysis, the market is still too weak.
Before the Fed's interest rate cut in September was realized, many short-term traders had already stopped profit or stop loss and left the market, waiting to participate after the interest rate policy and the election were settled. In the next month, many investors with low risk appetite may choose to wait and see, and risk aversion may become the main theme of the market this month.
