Escape from risky assets continues.
The dollar index is high.
USDT dominance is high.
Despite the price drop, Bitcoin dominance is high.
The fear and risk index is very low.
Although the non-farm payroll data came out well, the market reacted negatively to the US's cryptocurrency initiative.
This needs to be analyzed well.
It is not wise for governments to make cryptocurrencies their reserve currency.
Reserve asset prices should not be volatile.
However, the cryptocurrency market is very volatile.
To eliminate this volatility, pressure needs to be applied to the market.
There should be no pressure in the nature of the cryptocurrency market, and there shouldn't be. The moment it feels pressure, the market becomes a dump.
Whatever will happen, we will wait and see.
The dollar index is high.
USDT dominance is high.
Despite the price drop, Bitcoin dominance is high.
The fear and risk index is very low.
Although the non-farm payroll data came out well, the market reacted negatively to the US's cryptocurrency initiative.
This needs to be analyzed well.
It is not wise for governments to make cryptocurrencies their reserve currency.
Reserve asset prices should not be volatile.
However, the cryptocurrency market is very volatile.
To eliminate this volatility, pressure needs to be applied to the market.
There should be no pressure in the nature of the cryptocurrency market, and there shouldn't be. The moment it feels pressure, the market becomes a dump.
Whatever will happen, we will wait and see.