US Treasury flexes its muscles, and the crypto market is left flailing like a headless chicken!

When the US Treasury stomps its foot, the crypto market shakes!

Look, Japan increased its holdings of US Treasuries in June, China’s holdings remain unchanged, and the UK has also increased. The situation with US Treasuries is actually quite related to our crypto market. If the US Treasury market is stable, funds may be more willing to stay in dollar assets, which could mean less funding for our crypto market, affecting the market situation. Just like before, when there was volatility in US Treasuries, a lot of money fled from the crypto market, causing prices to drop.

However, sometimes when US Treasuries are stable, people get braver and may invest in cryptocurrencies. So don’t underestimate the news about US Treasuries; it greatly impacts our market. If you want to keep up with how the crypto market changes, follow Qiongqi, and we’ll chat again next time! $BTC #美联储取消创新活动监管计划