币姥爷
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The key drop, success or failure hinges on this
March 11, 2025
The situation I was most worried about happened unexpectedly at dawn, with BTC dropping to a low of 76,600, almost touching the important support level of 75,000. Ethereum fared worse, directly breaking below 1,800 points, shattering the lowest support level of 2,000 points that had held for over a year. Of course, this drop may not be due to the cryptocurrency market itself; the direct cause was the crash of US stocks last night, with the Nasdaq dropping 4% in one day and Tesla falling by 15%, effectively halving from its relative high. Users in the US stock market are also engulfed in a wave of panic, and this decline in US stocks directly caused the overall drop in the cryptocurrency market to exceed 10%.
The situation I was most worried about happened unexpectedly at dawn, with BTC dropping to a low of 76,600, almost touching the important support level of 75,000. Ethereum fared worse, directly breaking below 1,800 points, shattering the lowest support level of 2,000 points that had held for over a year. Of course, this drop may not be due to the cryptocurrency market itself; the direct cause was the crash of US stocks last night, with the Nasdaq dropping 4% in one day and Tesla falling by 15%, effectively halving from its relative high. Users in the US stock market are also engulfed in a wave of panic, and this decline in US stocks directly caused the overall drop in the cryptocurrency market to exceed 10%.
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