3 REASONS BEHIND THE SUDDEN
BTC AND CRYPTO DUMP
BETTER JOBS DATA
YESTERDAY, US JOB OPENINGS DATA CAME IN AT 8.096M, EXCEEDING CONSENSUS OF 7.605M.GOOD ECONOMIC DATA MEANS FEWER RATE CUTS, WHICH IS BEARISH FOR RISK-ON ASSETS.
NEW PANDEMIC FEARS
SIMILAR TO C-19, THERE'S NOW FEAR OF A NEW VIRUS, HMPVYESTERDAY, THERE WERE A FEW CASES REPORTED GLOBALLY, WHICH HAS CAUSED PANIC AS INVESTORS ARE RELATING THIS WITH 2020.
OIL PRICES RISING
RUSSIA AND OPEC MEMBERS HAVE TIGHTENED THE OIL SUPPLY, WHICH RESULTED IN OIL PRICES RISING.HIGHER OIL PRICES MEAN HIGHER INFLATION,WHICH WILL STOP THE FED FROM DOING AGGRESSIVE RATE CUTS. I THINK MOST OF THESE FACTORS ARE BEING OVERESTIMATED BY THE INVESTORS.SOON, THERE WILL BE A REVERSAL, AND THE CRYPTO MARKET WILL SEE
A FACE-MELTING RALLY 🚀
