Wu said that according to Bloomberg, Bitcoin fell 2.5% on Tuesday, hitting a one-week low. The market is worried that the inflation data released on Wednesday and the outlook of the Federal Reserve will cause interest rates to remain high for a long time, which is not good for cryptocurrencies. Anand Gomes, co-founder of Paradigm, said: "In the field of cryptocurrency, no news is bad news. The market needs constant good news to maintain its rise, otherwise the easiest path is to fall."