On April 14, the virtual currency market experienced drastic fluctuations. The price of the leading cryptocurrency Bitcoin once plunged by more than $6,000, from a high of $67,100 to below $61,000. According to CoinGlass data, this market turmoil caused as many as 296,300 people to be liquidated within 24 hours, with a total liquidation amount of a staggering $920 million. Mainstream virtual currencies such as Ethereum, Dogecoin, and SOL coin were not spared, and the entire market sector showed a sharp decline.
Market analysts pointed out that the plunge in the virtual currency market was not caused by a single factor, but the result of multiple factors. First, the Fed's expectations for interest rate cuts have become uncertain, and mainstream institutions have different forecasts on the timing of interest rate cuts, which has shaken market confidence. Secondly, geopolitical risks have intensified, and the tensions between Iran and Israel have put market investors in a state of panic. Finally, in the next two or three months, Bitcoin miners may sell Bitcoin on a large scale due to rising mining costs, further increasing the downward pressure on the market.
Meanwhile, global financial markets were not immune to the storm. After an epic rally, gold prices suddenly started to fall, falling by nearly $100 at one point, the largest intraday drop in history. U.S. crude oil and Brent crude oil also fell simultaneously, while U.S. stocks fell across the board, with declines of more than 1%. Investor sentiment was tense, and Wall Street's "fear index" VIX soared to October levels.
Market experts said that the plunge in the virtual currency market and the turmoil in the global financial market have highlighted the uncertainty and volatility of the financial market. Investors should remain calm and treat market risks rationally when facing multiple factors such as the Federal Reserve's policy, geopolitical risks, and the sale of virtual currency miners.
Looking ahead, market analysts believe that the virtual currency market will still face many uncertainties, and investors need to pay close attention to market dynamics and make prudent decisions. At the same time, the global financial market will continue to be affected by various factors, and investors should pay close attention to the international political and economic situation and do a good job in risk management and asset allocation.
We would like to remind investors that the financial market is unpredictable and any investment is risky. When investing in virtual currencies or other financial investments, investors should fully understand the risks involved, invest rationally, and not blindly follow the crowd. #比特币领跌 #爆跌 #风险管理
