Hong Kong's ETF will start subscription tomorrow. Why is the altcoin sector still stagnant?
A few points are summarized:
(Exchange Avatar Kan, Jianjie)
First: US regulators are considering classifying Ethereum (ETH) as a security. If this happens, it may cause billions of dollars in losses to the market and have a profound impact on the US labor market. Even if it is only a preliminary signal, it should not be underestimated.
Second: The Federal Reserve may maintain the current interest rate policy, and the trend of not lowering interest rates is becoming more and more obvious. If this policy continues, market liquidity will gradually tighten, bringing new challenges to our market environment.
Hong Kong ETF is about to start subscription, but the market often says "good news doesn't go out, bad news spreads a thousand miles", and the market's reaction to this is still difficult to predict.
Overall, the current market environment is becoming more and more confusing, and the opportunities to make money are decreasing. The window period for profit seems to be gradually closing, and only a few people can seize the opportunity to make a profit. There are always reasons for the rise and fall of the market, and investors need to act more prudently.
Next; the real bull market may come between the end of this year and next year.
By then, the Federal Reserve may cut interest rates, and the global economy may also face some serious problems. However, even in such a turbulent economic environment, the digital currency market is still expected to play its role as "digital gold" and become a bright spot in the economic chaos, living up to expectations.
