"The Reasons and Outlook for the Cryptocurrency Market Crash Triggered by Powell's Early Morning Speech"

After Powell's speech in the early morning, the cryptocurrency market immediately faced a crash. Below is an analysis of its reasons:

The impact of Powell's speech cannot be ignored, as he emphasized the Federal Reserve's confidence in achieving its inflation targets, pointed out that tightening policies have been effective, and discussed changes in the labor market and the timing of policy adjustments.

This speech resulted in a positive reaction from the stock market, but it brought a strong shock to the cryptocurrency market.

The cryptocurrency market already had many issues, such as the drastic decline of LUNA coin, excessive collateral lending in the DeFi sector, high-leverage investments, and misappropriation of funds. These issues led institutions into a liquidity crisis, triggering a liquidation death spiral and exacerbating market panic.

Regulatory factors are also significant, as the U.S. SEC has launched an investigation into Coinbase's trading activities, severely undermining market confidence.

Overall, the cryptocurrency market is characterized by high volatility, and combined with the uncertainty of regulatory policies and varying attitudes toward cryptocurrencies among different countries, these factors undoubtedly increase market instability.

Despite the severe challenges facing the cryptocurrency market, the underlying blockchain technology has broad application prospects and is expected to give rise to more application scenarios in the future. #比特币战略储备 #圣诞行情预测