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#CoinDeskSeptemberGateReportComing #GateFunMemeContestComing #FedRateCutExpectationsHeatUp
#BTC crashed yesterday overview 👀
BTC has a pretty strong intraday drop and happens very quickly with a large amount of liquidation within 1 hour or a few hours due to FUD from Trump .
Compared to the crash before covid, the difference is that after the crash, BTC recovered faster than now thanks to support packages, financial stimulus and cash flow returning. The covid shock spread to the real economy and crypto is just a part of it.
What about the same? ….
Alts have crashed hard and show no signs of bouncing back quickly. However, this is an opportunity for new players to enter the market after a period of hot growth.
A lot of investors may have sacrificed in this correction but it was also an opportunity to trigger the Alts season in Q4 ↗️↗️↗️