Market reports today expected the cryptocurrency market to be accompanied by a significant downturn. The futures market is facing a new wave of collapse, as consecutive support levels for Bitcoin and Ethereum are lost. The altcoin market has turned into chaos. In fact, this major drop in the cryptocurrency market is linked to the issue of interest rate cuts in the United States. Expectations indicate that the cut will definitely be implemented in September, but the market generally believes that the implementation of the cut will lead to a big dump. On the other hand, concerns are focused on the issue of the US elections, where current polls indicate a significant decline in support for Trump and a significant increase in support for Harris. Tensions in the Middle East are increasing again. In fact, whales and institutions have benefited from these polls and have played a significant role, leading to a complete market bankruptcy. At this time, if you hold immediate positions, you will have an opportunity. Once the liquidation is obtained, it will be a tragic end. Especially with the current collapse of Bitcoin, blood is flowing in the altcoin market, and panic is increasing in the market. There are many people who do not know whether they should stay in their positions, whether they should buy on the dip, or cut their losses and leave!

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Last Friday, the US stock market experienced a significant decline, and the US dollar fell sharply against the Japanese yen. It is expected that the Japanese stock market will experience a significant decline after opening on Monday. Based on a quick estimate, there is a possibility of an additional 6-8% decline after the initial decline of the Tokyo index in the past two days by 10%. After the recent major policy mistake made by the Bank of Japan, the Japanese stock market has experienced a significant decline in the past few days. The Bank of Japan may be forced to return to easing policy and lower interest rates just a few days after a slight increase, and the Japanese economy may experience a new contraction at this time.
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Secondly, the market is concerned that the conflict between Iran and Israel may escalate. According to CCTV news, the Speaker of the Iranian Parliament said on the 4th that Iran will respond strongly to this matter and Israel and the United States will pay the price for the death of Fakhrizadeh. On the same day, the Israeli Defense Minister said that Israel is ready to respond to the attack. Analysis suggests that every time the conflict escalates, BTC will be sold off. It is expected that when the next "conflict" is revealed, a similar drop will occur.
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In 2024, no desirable alternative currency appeared in the market, and the rise of alternative currencies was just an illusion. The main reason was the control of ETF funds in the market in the new environment of 2024, especially the delisting of alternative currencies and continuous monitoring, which is rejected by whales and institutions. It is necessary to follow the changes in the news and gradually build positions at appropriate times to obtain the lowest price!