Due to the enormous total market value of gold (approximately $37 trillion), the recent decline of about 8.7% has indeed wiped out around $3.4 trillion in market value. This drop reflects the entire crypto space. $84,000 is an important retracement level in this round of rally; once it is confirmed as a "false breakout" and turns into resistance, the confidence of the bears will instantly surge.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Due to the enormous total market value of gold (approximately $37 trillion), the recent decline of about 8.7% has indeed wiped out around $3.4 trillion in market value. This drop reflects the entire crypto space. $84,000 is an important retracement level in this round of rally; once it is confirmed as a "false breakout" and turns into resistance, the confidence of the bears will instantly surge.