#早$BTC $ETH Falling again! What caused it?

Bitcoin Ethereum fell again, breaking a key support level. Since the Fed's announcement, investor anxiety has intensified, and the expected listing of the ETH ETF has been postponed to mid-to-late July. The extension of the listing period and negative macroeconomic factors have complicated the problem.

Content hidden: ① What caused the cryptocurrency to fall ② How did the global market react? ③ 3 key observations for investors

㈠What caused the cryptocurrency to fall?

Recently, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, made comments about Terra, arguing that most cryptocurrencies are securities and that a lack of regulation could lead to disastrous results, as shown in the Terra case. Bitcoin fell to $65,600 after these remarks. Visit NEWSLINKER for the latest technology news.

In addition, since Wednesday evening, Fed members have raised their three-year interest rate forecasts, dampening investor enthusiasm. Third, Gensler hinted that the listing process of the ETH ETF will continue until mid-July, delaying any positive news.

　　㈡How did the global market react?

　　To make matters worse, the Dingxiangyuan Index climbed above 105.5 points. The Fed's statement and negative employment data combined to strengthen the US dollar due to the continuation of tight monetary policy. While Canada and Europe cut interest rates, the Fed's cautious stance led to a faster strengthening of the US dollar, which could lead to increased selling in risky markets.

　　㈢Key observations for investors

　　–BTC's short-term support level is $66,250, which could fall to $60,200 if not recovered.

　　–A stronger dollar could lead to further selling in cryptocurrencies and other risky markets. Investors should pay close attention to the Fed's announcement and macroeconomic indicators.

　　The delay in the listing of the ETH ETF indicates potential short-term market instability. As the US market continues to be in negative territory, the Russell 2000 index fell by more than 2%, a situation that reflects a general decline in investors' risk appetite.

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