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The cryptocurrency market plummeted, hundreds of thousands of people were liquidated, billions of dollars were reduced to zero, and players said: "All lost!" What is the reason for the plunge?
New investors despise old investors, saying that old investors are timid and cowardly and are scared by 312. Now, old investors have their 312, and new investors have their exclusive 412.
Let’s get back to the point. Last night, when Bitcoin fluctuated by less than 10%, many altcoins plummeted by more than 30%. Some altcoins even fell by 40% due to poor liquidity. Some altcoins were almost halved from their record highs.
There are also some altcoins that rose sharply in the early stage, and their prices have fallen by about 70% from their peak, which can be said to be a bloodbath.
Let’s get back to the point. Last night, when Bitcoin fluctuated by less than 10%, many altcoins plummeted by more than 30%. Some altcoins even fell by 40% due to poor liquidity. Some altcoins were almost halved from their record highs.
There are also some altcoins that rose sharply in the early stage, and their prices have fallen by about 70% from their peak, which can be said to be a bloodbath.
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