The factors for this sharp decline!!
1: (Too many cryptocurrency exchanges are trading gold, silver, and US stocks) have attracted a large number of crypto players away.
Bitcoin is referred to as on-chain gold, and now real gold is also on-chain, allowing for contracts and spot purchases.
2: External Indonesian stock market crash
The Iran war issue is escalating, the US stock market is continuously correcting at high levels, and precious metals are being sold off at high levels. Multiple factors have combined to lead to this sharp decline.
3: Trump will announce the Federal Reserve candidate next week, and there is expected to be significant volatility.
4: The A-shares and US stocks are both overheated, with serious top divergence, and it is likely that the entire crypto environment will also decline at that time $BTC
