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Participate in events to win generous rewards
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NEW
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Top asset management team helps you profit without hassle
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WHY IS THE CRYPTO MARKET
DUMPING?
3 REASONS BEHIND THE SUDDEN
BTC AND CRYPTO DUMP
1) BETTER JOBS DATA
YESTERDAY, US JOB OPENINGS DATA
CAME IN AT 8.096M, EXCEEDING
CONSENSUS OF 7.605M.
GOOD ECONOMIC DATA MEANS
FEWER RATE CUTS, WHICH IS
BEARISH FOR RISK-ON ASSETS.
2) NEW PANDEMIC FEARS
SIMILAR TO C-19, THERE'S NOW
FEAR OF A NEW VIRUS, HMPV
YESTERDAY, THERE WERE A FEW
CASES REPORTED GLOBALLY, WHICH
HAS CAUSED PANIC AS INVESTORS
ARE RELATING THIS WITH 2020.
3) OIL PRICES RISING
RUSSIA AND OPEC MEMBERS HAVE
TIGHTENED THE OIL SUPPLY, WHICH
RESULTED IN OIL PRICES RISING.
HIGHER OIL PRICES MEAN HIGHER
INFLATION, WHICH WILL STOP THE
FED FROM DOING AGGRESSIVE RATE
CUTS.
I THINK MOST OF THESE FACTORS
ARE BEING OVERESTIMATED BY THE
INVESTORS.
SOON, THERE WILL BE A REVERSAL,
AND THE CRYPTO MARKET WILL SEE
A FACE-MELTING RALLY 🚀