It’s been tough, brothers, even the desire to go to the sea is there 😂

The reason for today's crash has finally been found. It's not about China cracking down on virtual currencies; if that were the case, the crash would have happened over the weekend. It's also not about Powell resigning; that's just a rumor. His term ends in June next year, and he's a responsible and principled person who wouldn't resign under pressure from Trump at this time. The reason is that the Bank of Japan is raising interest rates, and the news was released this morning around 7 AM, almost 8 AM. The Japanese/Yen and the cryptocurrency market immediately plummeted, and the timing is completely right. Moreover, this is indeed a long-term bearish factor, another pump that provides liquidity to the market, which doesn't prevent water but rather drains it. Now we have to hope that the US puts pressure on Japan to make it stop.
#日本加息 #美联储重启降息步伐