#加密市场进入熊市了吗 cryptocurrencies fell across the board! 3.12 Crash Returns? Is a bear market coming?

In the past two months, Trump's tariff policy has sparked fears of a recession in the United States, and emotions have become increasingly nervous. Last night, the U.S. stock market fell sharply again after the open, and the cryptocurrency market was also affected, with Bitcoin falling as low as $76,600 near 9 o'clock this morning, down about 5% in the past 24 hours and hitting a new low in nearly four months.
Hell and Heaven
In the face of such a market, we have to think of the 3.12 crash. On March 12, 2020, BTC smashed directly from 8,000 to 4,400, halved in one day, and ETH also collapsed, falling so much that I didn't even know my mother. Countless people lost their pants overnight, and some even went directly to the rooftop. But the plot reversal came too quickly, and the next day BTC took off from the lowest point of 3782 and rose all the way to 69000, an 18-fold increase! It's really a thought of hell and a thought of heaven.

Will 312 be repeated? Although we can't copy history, the current situation is a bit similar to the eve of 312 in 2020: money is tight, the market is short of money, and panic selling may be triggered whenever there is a wind and grass. The policy is unclear, tariffs and interest rate cuts are unresolved, and everyone has no bottom in their hearts. Emotions collapse, investor confidence is shaken, and bad news can trigger a chain reaction.

But don't forget, a plunge is often followed by a big opportunity. If the market does crash, it could be the starting point for a new bull market, as it did in 2020. Why did Bitcoin fall so badly?
(1) Trump's white prostitution
Trump didn't actually buy bitcoin with cash, but instead used the 200,000 confiscated bitcoins as a strategic reserve for the nation. The move left some institutions and big players on Wall Street feeling a lack of confidence. Whether it is an ETF or a large retail MSTR, when the price of bitcoin reaches $100,000, they buy "crazy", but when bitcoin falls to $80,000, they are silent and are not willing to buy even cheap chips.
(2) Trump starts a global tariff trade war.
Trade wars with China and Mexico, and sharp cuts in government spending, will undoubtedly have a short-term impact on the economy, and the situation in the currency circle is even more severe, with continuous outflow of funds, large institutional investors harvesting again and again, and retail investors still hesitating whether the current bull market or bear market is still hesitating. This series of operations is actually forcing the market to collapse first and then bail out - do you feel scared if you understand the king's means and don't even let go of your own people?
(3) President Trump and other presidents and celebrities issued coins to harvest and draw blood, resulting in a significant reduction in market liquidity.
From last year's various celebrity coins, to the family tokens issued by Trump this year, to Kanye's revelation that "hackers steal tweet coins" for 750,000 per tweet, until today's Argentine presidential coins, the truth of cryptocurrencies has been completely revealed: hackers, politicians (celebrities), institutions and market makers have teamed up to issue coins to cut leeks. Now because of the uneven distribution of benefits, there are fights, and only leeks are injured, and the world has reached a consensus on this.
(4) U.S. inflation is worsening, and the Fed is likely to pause interest rate cuts.
There is a 96% chance that the Fed will keep interest rates unchanged in March, while a 4% chance of a 25 basis point rate cut. By May, the probability of keeping rates unchanged fell to 50.9%, while the probability of a 25 basis point cut rose to 47.2%, and the probability of a 50 basis point cut was 1.9%. The Fed won't cut rates next week, but if the trade war triggers a recession, it could start cutting rates quickly in June. Futures markets are betting on a 25 basis point cut in June, July and October, as Treasury yields fell as Trump's tariff rhetoric sparked recession fears. The Fed may face pressure from Trump to cut interest rates.
At present, it is a key node for the change, and the BTC reserve has just been passed, and there will be institutions and consortia coming in later, and the washing stage. There will be a good pull-up! If BTC keeps falling, Bitcoin will lose the meaning of strategic reserves! #加密市场进入熊市了吗