There is only one reason for the big drop: the United States will not cut interest rates this year, and it is very likely that it will not cut interest rates next year. The United States will continue to raise interest rates until a certain country dies first, or the US dollar collapses. In the short term, it is bearish for the cryptocurrency circle, but in the long term, it may not be. There are many analyses on the Internet after Yellen went back. You can search for them yourself and see them at a glance. I donât know how long and how big it will affect the cryptocurrency circle. The drop from 64,000 to 28,000 three years ago made me miss the entire bull market. This year, I was very cautious. I cleared some of the altcoins and did not use large assets to open leverage. I hope this wave will not be so much callback. It was too tragic three years ago, and I still remember it. Even if I donât touch the contract, many altcoins canât get back to the previous highs. To be honest, this wave of big cakes didnât fall much, but the decline of altcoins was the same as the previous bull market crash. So it is likely to be the norm in the future. Big cakes will fine-tune and altcoins will plummet. We will truly enter the era of big cakes as kings. Even ether makes me feel like nothing. Maybe this is what those institutions need to implant in our thinking. Only in this way can we support hundreds of thousands to millions of $BTC
