The current round of U.S. stocks is a benign and healthy pullback.
However, for Bitcoin, the small pullback in the US stock market is a deadly blow. I mentioned in a previous live broadcast the relationship between US stocks and cryptocurrencies, but recently cryptocurrencies have been more closely following the trends of US stocks. The US stock market has now pulled back to a relatively deep position. If it continues to go down, it will prompt large institutions to hedge, leading to a spiral decline. The only positive factor at present is the expectation of the Federal Reserve lowering interest rates, which has been performing well recently. It will fulfill all expectations and then continue to crash #Gate广场圣诞送温暖 .
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The current round of U.S. stocks is a benign and healthy pullback.
However, for Bitcoin, the small pullback in the US stock market is a deadly blow.
I mentioned in a previous live broadcast the relationship between US stocks and cryptocurrencies, but recently cryptocurrencies have been more closely following the trends of US stocks.
The US stock market has now pulled back to a relatively deep position. If it continues to go down, it will prompt large institutions to hedge, leading to a spiral decline.
The only positive factor at present is the expectation of the Federal Reserve lowering interest rates, which has been performing well recently. It will fulfill all expectations and then continue to crash #Gate广场圣诞送温暖 .