The explanation of the new price range protection has not seriously fulfilled previous commitments. $BNB $
The so-called market interpretation of the major trend progress indicates that the key support level of U.S. bond yields may determine the next direction of cryptocurrency.
The news from the Federal Reserve's side suggests that a cautious interest rate cut stance has led to a liquidation of $1.7 billion within 24 hours. #比特币生态逆势上涨
Ethereum, XRP, Solana, and Cardano have all seen significant drops, reaching monthly or weekly lows.
This week, the cryptocurrency market started off bearish, with nearly 4.5% of market value evaporating in just 24 hours, resulting in hundreds of billions of dollars lost. Bitcoin led the decline, dropping about 3% to $112,800, dragging the overall digital asset market down.
Despite many believing that the weak momentum and profit-taking are the reasons for this phenomenon, deeper factors lie in the bond market, which is quietly affecting global investor sentiment.
Reflecting on the past, be cautious of electronic currency scams #BNB创新高 #
The volatility of electronic currency is not suitable for new entrants.
“Whenever there is communication uncertainty from the Federal Reserve, as traders reduce position risk, you can typically expect some profit-taking to occur.” In recent months, cryptocurrency stocks have performed strongly—thanks to the inclusion of Bitcoin in the benchmark S&P 500 index, Circle's successful IPO, and the GENIUS Act stablecoin framework becoming law. However, investors expect a pullback during the Federal Reserve meetings in August and September, hoping to see central bank policymakers implement interest rate cuts.
TAKING A LOOK PICTURE
