Why did the cryptocurrency market fall today?
Let me tell you why the cryptocurrency market may have fallen today.
1: Ethereum upgrade did not achieve the expected effect
The Ethereum upgrade effect was not very good, and the price of ETH fell. Everyone thought there would be a big move after the upgrade, but the result was a bit disappointing.
2: The Canadian and European central banks cut interest rates, and the market was a little panicked
Some banks in Canada and Europe have recently cut interest rates, which usually means that the economy may not be very good. When everyone saw the news, they began to feel nervous, and the cryptocurrency market was also affected.
3: The interest rate cut was not as fast as everyone thought
Everyone thought that the bank would cut interest rates soon, but the actual situation may not be that fast. This gap also made the market a little overwhelmed, and the price fell.
4: The U.S. Securities and Exchange Commission is too strict:
The U.S. Securities and Exchange Commission (SEC) is too strict with cryptocurrencies, which makes people inside the cryptocurrency very dissatisfied. When everyone saw this regulatory situation, confidence dropped, and the market was also affected.
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