✈️FN Market Bulletin 丨 Amid the Shadow of War, Has the Crypto Market Become a Nervous Wreck Again?
However, within just half a day, the originally bullish crypto market reversed direction and began to plummet, especially the much-anticipated $ETH, which broke through 2800 but instantly fizzled out.
Apart from the war, what other factors have been foreshadowing an early market crash?
⚔️Military Clash Between Israel and Iran
In the early hours of the 13th local time, Israeli Defense Minister Gantz announced that Israel had launched airstrikes against Iran. Gantz stated that after the preemptive strike on Iran, Israel would likely face missile and drone attacks soon. According to Xinhua News Agency, Israeli Prime Minister Netanyahu stated on the 13th that the Israeli military's strikes on Iran would "last for many days."
🏦The Fed Has Not Yet Cut Rates
Since the Fed's rate cut in December 2024, it has not shown any signs of easing its stance.
U.S. President Trump has also complained about this. Recently, he has frequently expressed on social media his hope that the Fed will lower interest rates, "We have a lot of short-term debt, and I prefer long-term low-interest debt. If we lower the interest rate by 1%, it means we pay 1% less."
"I suggest the Fed cut rates by 200 basis points." Powell did not back down on this.
🪿Frequent Black Swan Events
▪️The international market has been very unstable recently. On June 12, an Indian Airlines Boeing 787 aircraft crashed while en route to the UK, marking the first accident of this model. Multiple media outlets reported that the death toll exceeded 240 people, and Boeing's stock price fell by over 6% due to the news.
▪️Previously, there was a heated argument between Tesla founder Musk and U.S. President Trump, but recently, Musk has made amends.
▪️The Los Angeles riots continue in the U.S., with curfews in some areas. The Global Times reported that at least 378 people have been arrested in Los Angeles since last Saturday.
📈📉Future Market Trends
HashKey Capital's investment manager @YeruiZhang tweeted, "The liquidity of altcoins has reached its freezing point. Apart from the low trading volume of market makers, there are no buy and sell orders in the market, and the price naturally slows down. Whether it goes up or down, the cycle of altcoin market trends has become much shorter, and it's hard to catch it."
The trader Eric @CycleStudies stated, "After the over-sell signal for Bitcoin, it only rebounded a little before continuing to fall. The price range to watch in the future is around $10.1 million."
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