PhyrexNi
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I just took a look at the recent drop, which may be related to two factors. The first factor is that the European Union is about to approve retaliatory tariffs on $28 billion worth of U.S. imports, including whiskey, semiconductors, and toilet paper, in direct response to Trump's increased tariffs on EU steel, aluminum, and automobiles. The timing of the drop coincides with the main trading hours in the U.S. and Europe, which should have little correlation with Asia. Additionally, considering that Bitcoin also experienced a spike after China's countermeasures last Friday, this may not be ruled out as a reason.
Secondly, it has also been reported that there is an increasing divergence between the two parties in the U.S. regarding Trump's foreign policy, which may affect the upcoming support in Congress. What the U.S. currently needs is more stability, especially since the entire risk market has seen a significant decline since Trump took office, and there are many dissatisfied voices coming from Wall Street.
Lastly, we can see that although the price of $BTC has dropped, the trading volume has not increased significantly. This suggests that the main driving forces are the panic and risk-averse sentiments of some investors, rather than the exit of major institutions.
PS: Is it possible that a certain big shot in Hong Kong was knocked out or BTC was settled? (Just a joke)
This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX
Secondly, it has also been reported that there is an increasing divergence between the two parties in the U.S. regarding Trump's foreign policy, which may affect the upcoming support in Congress. What the U.S. currently needs is more stability, especially since the entire risk market has seen a significant decline since Trump took office, and there are many dissatisfied voices coming from Wall Street.
Lastly, we can see that although the price of $BTC has dropped, the trading volume has not increased significantly. This suggests that the main driving forces are the panic and risk-averse sentiments of some investors, rather than the exit of major institutions.
PS: Is it possible that a certain big shot in Hong Kong was knocked out or BTC was settled? (Just a joke)
This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX
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