【Cryptocurrency Market】

【GM☀—Saturday—12.06】

#二级 remains stable, today I will talk about why the price of U has been continuously falling. I believe the main reasons are as follows:

USDT against RMB has fallen (breaking 7), one reason is the weakness of the dollar itself, USD/CNY has dropped from 7.21 to 7.07 (RMB appreciates).

USDT/USD has slightly deviated from the peg (0.999), which has had a minor impact.

The most critical factor is the domestic policy issues; currently, there is a trend of stablecoins being blocked. In terms of capital outflow, there is no consensus that can be reached. U is now equivalent to a reservoir for the beautiful country, which can be released at will. There will still be room for further declines in the future, probably around 6.6, I predict.