The sharp decline in the crypto market is one of the catalysts for gold. It has led to the phenomenon of "following the fall but not the rise"! Currently, gold is still falling, and it may even drop to 4,000! Once gold stops falling and the panic sentiment dissipates, crypto funds will warm up, and a rebound in the crypto market will follow! However, personally, I believe the rebound could reach 80,000-83,000, which might be a good opportunity for us to buy in. Our main target remains at 70,000!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The sharp decline in the crypto market is one of the catalysts for gold. It has led to the phenomenon of "following the fall but not the rise"! Currently, gold is still falling, and it may even drop to 4,000! Once gold stops falling and the panic sentiment dissipates, crypto funds will warm up, and a rebound in the crypto market will follow! However, personally, I believe the rebound could reach 80,000-83,000, which might be a good opportunity for us to buy in. Our main target remains at 70,000!