Drop, drop, drop! Are you panicking because of the drop? The bull market is still here!
The significant drop in the early morning was mainly due to market concerns about fewer rate cuts next year, tightening the money supply, which led to the collapse of the US stock market and the crypto market. The Federal Reserve Chair said (they) cannot hold Bitcoin and do not want to change the law, which has caused people's concerns about the future of Bitcoin.
I just want to say that whether the Federal Reserve holds BTC or Trump wants to promote BTC as a reserve has nothing to do with each other; the Treasury and the Federal Reserve are not the same entity, and it does not affect the future development of BTC.
BlackRock and Grayscale are both increasing their spot positions; institutional movements are more useful than any analysis. They are genuinely accumulating BTC and altcoins. The bull won't die so easily; we should pay attention to the Christmas market and build positions on dips.
