🚀🚀Bitcoin is soaring! 85,000 people were caught off guard, and the Federal Reserve also made a big move! 💥
Hi, friends! 👋 Were you also shocked by the crazy rise of Bitcoin last night? Overnight, it was like riding a rocket and directly broke through the $71,000 mark! 🚀
And Ethereum, it was like chicken blood, rising by nearly 20% in one breath, and the price soared to $3,700! 😱 Other altcoins also followed the carnival, especially the friends in the Ethereum ecosystem, LDO, OP, ARB, UNI, ENS, one by one soared! 📈
Why is the crypto circle so crazy suddenly? Let me gossip for you:
1️⃣ The Venezuelan government suddenly announced a ban on cryptocurrency mining because mining consumes too much electricity! All of a sudden, the supply of Bitcoin is reduced, but the demand is still the same. It's like there are fewer things on the market, and the price naturally rises! 🤑
2️⃣ The US dollar has not been strong recently, and its credit has declined a bit. However, physical assets such as gold have been rising. Bitcoin, like digital gold, has also benefited from it! 💶
3️⃣ Also, the US inflation data is out again, and everyone thinks that the Federal Reserve may cut interest rates. A rate cut means that there will be more money in the market, and the crypto market will definitely be more lively at that time! 🎉
To be honest, the increase in Bitcoin this time is indeed a bit unexpected, but it is reasonable to think about it. After all, the world is always full of surprises and uncertainties! 🎁
Do you think Bitcoin can continue to rise? Come and leave a message to discuss! 👇
