On August 3, QCP Capital stated in its official channel that the market violently reversed the Favourable Information pump brought by Trump for the Cryptocurrency market this week. The BTC price dropped from the high point of 70,000 after the speech to nearly 60,000 this morning. The reasons for the decline include selling pressure from the US government (about 28,000 BTC), Mt. Gox (33,960 BTC), and Genesis ($1.5 billion worth of BTC and ETH); BTC Mining Difficulty hitting a historical high, and increased expectations of a recession. According to the Options market data, the price fluctuation is expected to stabilize in the summer.#九月美联储降息预期会是下一波利好吗?

BTC1,62%
ETH3,35%
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.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
MorningLightAppearsvip
· 2024-08-03 07:24
Haha, he fell so badly that he doesn't even recognize himself!
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)