BTC has once again fallen below 66k, and this bear market has arrived!
Recently, the cryptocurrency market has seen a significant decline,
interest has suddenly cooled,
today the price of $BTC has once again fallen below 66k USD,
it has already broken below the previous bull market high,
down from this round's high of 126k, it has also shrunk by 50%,
looking at the weekly chart, it has already entered a continuous downward trend.
Cryptocurrency assets are highly volatile,
BTC has once again fallen below 66k, and this bear market has arrived!
If thinking in terms of coin value, as long as the token quantity increases,
regardless of whether it is exchanged for dollars or RMB, it doesn't matter,
if cryptocurrency is not exchanged for fiat currency,
there is no comparison of rise and fall,
but currently, cryptocurrencies still lack consumption and use cases,
like when can we use BTC,
to buy breakfast and coffee domestically, book train tickets and hotels?
Today in the square, I heard @CZ in an AMA interaction,
the big shot is still full of confidence in blockchain,
still optimistic about the future of blockchain and AI,
still enthusiastically responding to player interactions,
still building market confidence,
this live broadcast lasted 1 hour, and cz received 17k in tips,
compared to the previous two times of 28k and 30k, it has also shrunk,
of course, cz is not short of money,
every tip is donated to Giggle Academy,
it's just that this time the users have no money, or the number of interactors has decreased.
Most ordinary players in the country, after experiencing the big drop in February,
only see a 50% decline,
the notice issued by eight ministries regarding further prevention and handling of risks related to virtual currencies,
and the increased difficulty of deposits and withdrawals,
as well as concerns about the uncertainty of the market's future,
on one hand, policies and regulations are tightening,
on the other hand, the world is hotly engaging in cryptocurrency movements,
we are in a discordant zone,
not knowing whether it is a blessing or a shackle for us,
this struggle and contradiction will need a long time to be untied.
Today, I also saw a high-profile player,
he shared the joy of getting married on X,
he said the money for buying a car was earned from Binance,
his wife was met through a meme coin on the bsc chain,
today he completed a lifelong event,
for him, the crypto world has changed his life trajectory,
he has become a winner in life through the crypto market,
but who knows when this luck will be shared by the masses?
