In the face of the recent volatility in the cryptocurrency market, three key factors cannot be ignored, and they are quietly reshaping the market landscape:

First, the Bank of Japan's interest rate hike decision is like a bombshell, breaking the tranquility of the market. For a long time, Japan's ultra-low interest rate environment has been a paradise for capital pursuit, and a large amount of funds have leveraged into high-risk markets such as US stocks and cryptocurrencies. Now, as Japan enters a cycle of interest rate hikes, the cost of funds has increased sharply, forcing some profit-seeking capital to return from the highly valued US stocks and cryptocurrency markets to seek a more stable investment haven. This shift undoubtedly brings a strong signal of adjustment to the market.

Secondly, the attractiveness of the US bond market is gradually becoming more prominent. Although the market generally expects the United States to cut interest rates in September this year, the current bond yield of up to 5% is very tempting for investors seeking stable returns. Funds began to withdraw from the highly valued US stock market and embraced relatively safe US Treasury bonds in order to lock in the current high returns. This trend of capital flow not only intensified the selling pressure in the US stock market, but also indirectly affected the sentiment of the cryptocurrency market, causing the overall market to fall into volatility.

Finally, the political event of the US election, like a sword of Damocles hanging over the market, has increased market uncertainty. Historical experience tells us that on the eve of the election, the market often shows a cautious or volatile trend, and investors generally adopt a wait-and-see strategy to avoid potential risks caused by policy changes. However, just as each cycle will eventually end, a new starting point will also come. After the dust settles on the election, the policy direction will become clearer, and market confidence is expected to gradually recover, bringing new opportunities for high-risk assets such as cryptocurrencies.

In this context, as an investor, it is crucial to remain calm and rational. Remember, market fluctuations are the norm, and firm beliefs and timely strategic adjustments are the key to crossing the storm and welcoming the dawn. In the currency circle, as long as you don't lose hope, the light of faith will eventually illuminate the way forward. Let us work together to welcome the arrival of the next surge cycle. #比特币行情 #美国7月非农就业增长放缓 #美联储何时降息？ #美国政府转移BTC #超级央行周 $BTC $ETH