唐华斑竹
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The reason for the crash has been found; it was Oracle that caused the US stock market to collapse, with all three major indices falling together, the Nasdaq down nearly 2%, and the crypto market facing another bloodbath.
Originally, seeing the Federal Reserve cancel the 2023 policy restricting banks from engaging in cryptocurrency activities, along with Trump about to announce the next Federal Reserve chairman, felt like good news. Even if it didn’t rise, it could at least stabilize. Unexpectedly, the US stock market collapsed last night, and the crypto market followed suit, resulting in another bloodbath.
Last night was a crazy surge, BTC shot up to 90,000, leading many people to chase the highs, including major bulls like Ma Ji who opened long positions again. The result was unexpected, as the surge was a trap, and it turned sharply down, resulting in severe losses. The worst hit, of course, were the altcoins, which plummeted drastically. Currently, the biggest reason analyzed in the news is the incident with Oracle.
Last night was a crazy surge, BTC shot up to 90,000, leading many people to chase the highs, including major bulls like Ma Ji who opened long positions again. The result was unexpected, as the surge was a trap, and it turned sharply down, resulting in severe losses. The worst hit, of course, were the altcoins, which plummeted drastically. Currently, the biggest reason analyzed in the news is the incident with Oracle.
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