The market fluctuated and adjusted, and the cottage industry also plummeted. The transaction volume became less and less, and most people took a wait-and-see attitude.
Once there is a continuous decline in the market, everyone tends to panic, just like running away when seeing a fire. Everyone wants to sell the coins quickly to avoid losing more. In this way, more people sell, and the market is more likely to continue to fall, forming a vicious circle.
That's not all. The decline in the currency circle will also affect those industries that rely on cryptocurrencies for their livelihoods, such as mining, 👀近qu1n+威：L20240098, and opening exchanges. Their income will also decline. This may put the entire industry in trouble.
If the currency circle continues to fall like this, everyone may lose confidence in cryptocurrencies and think that this thing is unreliable. In this way, the long-term development of the market will be greatly affected. Who dares to invest easily?
The decline in the currency circle may also attract the attention of the government. The government may think that this thing is too unstable and needs to be strengthened. As a result, those industries that are already facing many challenges may have to deal with more regulatory pressure.
I dare not say other markets, this market is a market that is getting stronger with more setbacks. It has experienced so many black swans, and each time it was safe and sound, and it slowly came back or even pulled higher, such as the previous 312 519 China supervision, etc., and there is no good hope to support its upward momentum in the front, not to mention the expectation of interest rate cuts and the support of US ETFs, and every halving of the big cake will start a bull market, why not this time? Is this wave of big cake 7.3 considered the top of this wave, is it possible? Don't follow fono, keep your chips, and you will definitely be the one who laughs last!
