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Reasons for the crypto market crash on February 1, will Bitcoin reach 50,000? When will the market rebound?
In the early hours of February 1, the crypto market once again faced an epic collapse. Bitcoin and Ethereum saw daily declines of nearly 15%, while altcoins almost entirely collapsed, leaving the market in despair. It is worth noting that after Bitcoin fell out of the top ten most valuable assets globally, its ranking further dropped to 14th place, suffering another blow in terms of sentiment.
The main reasons for yesterday's sharp decline can be summarized as follows: 1. Ongoing geopolitical tensions Risk appetite rapidly decreased, causing high-volatility risk assets like Bitcoin to be avoided first. 2. Uncertainty regarding the new Federal Reserve chair nominee
Reasons for the crypto market crash on February 1, will Bitcoin reach 50,000? When will the market rebound?
In the early hours of February 1, the crypto market once again faced an epic collapse. Bitcoin and Ethereum saw daily declines of nearly 15%, while altcoins almost entirely collapsed, leaving the market in despair. It is worth noting that after Bitcoin fell out of the top ten most valuable assets globally, its ranking further dropped to 14th place, suffering another blow in terms of sentiment.
The main reasons for yesterday's sharp decline can be summarized as follows: 1. Ongoing geopolitical tensions Risk appetite rapidly decreased, causing high-volatility risk assets like Bitcoin to be avoided first. 2. Uncertainty regarding the new Federal Reserve chair nominee
Guess whose beautiful silhouette this is? @Naccy小妹 Come and claim your Bitcoin red envelope 🧧🧧🧧🧧🧧🧧🧧🧧🧧 Today's cryptocurrency market has plummeted, with Bitcoin falling below the $80,000 mark. The main reasons include market liquidity drying up, weak buying interest, and geopolitical conflict risks, along with a partial government shutdown in the United States exacerbating market panic. At the same time, gold and silver faced even more severe sell-offs, with gold experiencing its largest single-day drop in 40 years, and silver dropping over 30%. This was mainly triggered by profit-taking after a previous surge and concerns about the Federal Reserve's future tightening policies. It is worth noting that during the massive fluctuations in precious metals, Bitcoin did not fulfill its so-called 'digital gold' hedging role, and its narrative is currently facing serious doubts. #金银为何暴跌 #比特币ETF净流入流出 $BTC {future}(BTCUSDT)
Guess whose beautiful silhouette this is? @Naccy小妹 Come and claim your Bitcoin red envelope 🧧🧧🧧🧧🧧🧧🧧🧧🧧 Today's cryptocurrency market has plummeted, with Bitcoin falling below the $80,000 mark. The main reasons include market liquidity drying up, weak buying interest, and geopolitical conflict risks, along with a partial government shutdown in the United States exacerbating market panic. At the same time, gold and silver faced even more severe sell-offs, with gold experiencing its largest single-day drop in 40 years, and silver dropping over 30%. This was mainly triggered by profit-taking after a previous surge and concerns about the Federal Reserve's future tightening policies. It is worth noting that during the massive fluctuations in precious metals, Bitcoin did not fulfill its so-called 'digital gold' hedging role, and its narrative is currently facing serious doubts. #金银为何暴跌 #比特币ETF净流入流出 $BTC {future}(BTCUSDT)
The cryptocurrency industry is very deep; how should we view it? When we need to, why have I become someone else's side dish? We need to understand more.
The cryptocurrency industry is very deep; how should we view it? When we need to, why have I become someone else's side dish? We need to understand more.