Since BTC reached $100,000, cryptocurrency has experienced its first "crash" — Panic or HODL? 🔥🔥🔥

Keep your profile picture live, don't miss out on the bull market.

Bitcoin has fallen below $100,000, with a decline of over 5%, down 8% from recent highs. Altcoins have fared worse, with Ethereum and Solana down over 4%, and Dogecoin down 7%. The global cryptocurrency market cap has dropped to $3.42 trillion, down 7.18% in 24 hours, primarily due to adjustments in the Federal Reserve's policy rates.

Despite market volatility, the inflow of cryptocurrency ETFs remains stable, with Bitcoin inflows reaching $275 million, and although Ethereum only saw $2.5 million, it shows resilience. Investors continue to seek quality assets, with Bitcoin and Ethereum being favored.

Looking ahead, the outlook seems more optimistic. Trump is set to take office as President of the United States in January next year, which is expected to have a positive impact on the cryptocurrency industry, such as potential national Bitcoin reserves and the elimination of cryptocurrency taxes. Ohio has proposed the establishment of a Bitcoin reserve fund, and Trump has also met with the CEO of Crypto.com.

Additionally, the newly formed Department of Government Efficiency (DOGE) led by Musk aims to streamline government operations, increase transparency, and support entrepreneurship, gaining support from various parties.

Therefore, despite short-term market turbulence, the long-term outlook is favorable. It is recommended to maintain investments in Bitcoin and Ethereum.

Keep your profile picture live, don't miss out on the bull market.