This Tuesday, when I wake up this morning,I found the price of Bitcoin had dropped. It got me thinking: why did prices fall? There must be a reason behind it.
In my opinion, there are some reasons to support the price had dropped. Firstly, the chances of a Fed rate cut in December have decreased. This has led to market tensions and a large number of retail investers selling off their assets. At the same time, the institution chose to sell some assets wait for the right opportunity. Therefore, this uncertainty make the market panic. However, I think that may be a chance for our ordinary people. Because the technology itself hasn't changed, and both US and other countreis are accelerating their development of Web3. So just be patient. I believe Web3 is definitely the future.
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This Tuesday, when I woke up this morning, I found that the price of Bitcoin had dropped. It got me thinking: what was the reason behind this fall?
In my opinion, several factors could explain the decline. Firstly, the likelihood of a Fed rate cut in December has decreased. This has created market tension and triggered a massive sell-off by retail investors. At the same time, institutional investors are also selling assets and waiting for the right opportunity to re-enter. All this uncertainty is causing widespread panic in the market.
However, I believe that this might present an opportunity for ordinary people like us. The underlying technology of Bitcoin remains unchanged, and both the US and other countries are accelerating their development of Web3. So, what we need is patience. I am confident that Web3 is undoubtedly the future.