A decline of 5% in the morning, a drop of 100 points, with three reasons for the decline:
First, Trump nominated Kevin Warsh as the new Federal Reserve Chair, and the market expects a hawkish combination policy of "rate cuts + balance sheet reduction." Second, Trump announced an increase in global tariffs to 15%, triggering market fears of an economic recession. Third, Vitalik led a sell-off of ETH, causing panic in the crypto community. In summary, with Trump involved, the crypto market shouldn't expect peace; even a bear market will stir up waves!
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It'sChenXixi.
· 7h ago
All three major bearish conditions are like this, and only then did it fall to this point, indicating that it's about to bottom out.
A decline of 5% in the morning, a drop of 100 points, with three reasons for the decline:
First, Trump nominated Kevin Warsh as the new Federal Reserve Chair, and the market expects a hawkish combination policy of "rate cuts + balance sheet reduction."
Second, Trump announced an increase in global tariffs to 15%, triggering market fears of an economic recession.
Third, Vitalik led a sell-off of ETH, causing panic in the crypto community.
In summary, with Trump involved, the crypto market shouldn't expect peace; even a bear market will stir up waves!