Bitcoin has started to plummet again, and there are several key factors behind this wave of fall.
Let's first talk about the antics from the Federal Reserve. Last week, the Fed did indeed cut interest rates, marking the second time this year. However, Chairman Powell suddenly shifted his tone, suggesting that a pause might be pressed in December. The market was instantly bewildered—interest rate cut expectations plummeted from over 90% to 66%, and the expectation of tightened liquidity quickly heated up. With liquidity tightening, risk assets were the first to bear the brunt, and Bitcoin n
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