Bitcoin has truly collapsed! It directly fell below $70,000, and just last October it surged to a high of $126,000. In just a few months, it has dropped over 40%, which is far worse than the US stock market and gold and silver.
Now, the faith in the cryptocurrency world has completely shattered, and the trigger was what the US Treasury Secretary said—clearly stating that they would not rescue cryptocurrencies, which completely crushed everyone's confidence. More critically, after the prince group cooled down, the US directly confiscated $15 billion worth of Bitcoin, which made many big players wake up: it turns out this thing is fundamentally unsafe; with just a few keystrokes, your assets can disappear.
Now, everyone in the cryptocurrency world is in a panic, their minds are filled with thoughts of how to exit. It truly echoes that saying: watching him build a tall building, watching him host guests, then watching his building collapse. In this world, there is no such thing as eternal glory, just a cycle of one round after another.
