天运众智
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Bearish
How to respond to #加密市场回调 ?🧧🧧🧧🧧🧧🧧🧧🧧🧧🧧🧧8888
On August 18, the market showed that Bitcoin fell to $114,929.2, down 2.59%, Ethereum dropped to $4,244.45, down 5.02%, and Dogecoin, SOL, XRP, SUI, and others fell over 4%. CoinGlass data shows that as of that day, more than 110,000 people in the cryptocurrency market faced liquidation, with a total liquidation amount reaching $475 million.
This correction is mainly caused by a series of high-level macro events occurring in a cluster. For example, Trump ordered the deployment of two nuclear submarines near the Russian region, escalating geopolitical tensions, which prompted investors to seek safe havens, with cryptocurrencies, as highly volatile assets, being the first to be affected. In addition, there are concerns in the market that rising global inflation will force the Federal Reserve to maintain a tough stance on interest rate cuts, while cryptocurrencies are highly dependent on loose liquidity, which has also led to investors selling off cryptocurrencies.
On August 18, the market showed that Bitcoin fell to $114,929.2, down 2.59%, Ethereum dropped to $4,244.45, down 5.02%, and Dogecoin, SOL, XRP, SUI, and others fell over 4%. CoinGlass data shows that as of that day, more than 110,000 people in the cryptocurrency market faced liquidation, with a total liquidation amount reaching $475 million.
This correction is mainly caused by a series of high-level macro events occurring in a cluster. For example, Trump ordered the deployment of two nuclear submarines near the Russian region, escalating geopolitical tensions, which prompted investors to seek safe havens, with cryptocurrencies, as highly volatile assets, being the first to be affected. In addition, there are concerns in the market that rising global inflation will force the Federal Reserve to maintain a tough stance on interest rate cuts, while cryptocurrencies are highly dependent on loose liquidity, which has also led to investors selling off cryptocurrencies.
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