The Biggest Reason Behind Market Dump 🚨 ➜ Unemployment rate ❌ ➜ WWIII fear and Genesis selling ❌ ➜ Bank of Japan raising interest rate ✅ BOJ recently raised the interest rate for the first time in 17 years. The last time it raised the interest rate was in 2007, just before the US recession 😐 Why is this bearish? Due to the zero interest rate, Japanese investors were borrowing yen to invest in other markets like US equities, crypto, etc. Now with the interest rate hike, the borrowed money is no longer free. This is causing the investors to dump their assets and move them back to yen. What will happen next? Either the BOJ or the FED needs to do the rate cut sooner; otherwise, the market bloodbath will continue. #Crypto #Yen #BTC
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After Trump's speech, everyone expected the road to $1 million for 1 BTC But it let us down😭 Only during the last 24 hours has BTC lost 4% of it's value, ETH is -1.3%, and even Solana is -5.25% According to the Arkham data, the U.S. Department of Justice moved $2 billion in Bitcoin. At that point, the price dropped from $70K to $67K and still sits below.
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Was $53.5k the Bitcoin bottom ? #Bitcoin has recorded its deepest drawdown for the current cycle. Currently trading more than -26% below the ATH. This downtrend has been notably shallower than previous cycles. In the 2011–13 bull market 🔻 The maximum drawdown was 71%. In the 2015–17 bull market 🔻 The maximum drawdown was 36%. In the 2018-21 bull market 🔻 The maximum drawdown was 63%. In the 2023-24 cycle 🔻 The maximum drawdown to date is 26%. Do you think we are going to see more such huge dumps during this cycle? 👇
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