The Fed is rescuing the market? Is the crypto market likely to reverse?
Today's market is really miserable. It is another memorable day. To be honest, today makes me feel like I am back to March 12. Although the absolute decline is much smaller than that time, it was from more than 10,000 US dollars to 3,800 US dollars, a drop of 64%, while this time the drop from 70,000 US dollars is less than 30%. So judging from the decline alone, the decline on March 12 was more severe. But you have to know that the market was still bullish last week, and it changed in just one weekend. The number of participants and funds in the bull and bear markets is very different. In fact, the damage to the market caused by this wave of decline is no less than that of March 12.