The bloodsucking of US dollar assets has led to the temporary weakening of the crypto market!

The fundamental reason for the recent weakening of the crypto market lies in the chain reaction caused by the bloodsucking of US dollar assets. After all, the crypto market has benefited from the liquidity overflow of US stocks (the shadow market of US stocks) in the past. At present, the market's cautious attitude towards US stocks has gradually become a general consensus, otherwise it is difficult to explain Buffett's holding of $300 billion in cash and the continued depreciation of the US dollar against other mainstream currencies. However, the crypto market is still a zone where the interests of the East and the West are intertwined, and both sides have the power to promote action in the market. Historically, the phenomenon of "East rises and West falls" or "West falls and East rises" is common, and the East's ability to promote the market is unquestionable. For example, in 2019, China's huge social financing pushed Bitcoin up 340%, and just a piece of news about zzj learning blockchain caused BTC to soar 40% in three days.