This year, the cryptocurrency market has fallen into an unprecedented quietness, due to the following reasons: 1. The channels for deposits and withdrawals have been completely blocked, significantly raising the entry threshold and risks for ordinary players. In the payment process, once USDT is bought or sold using Alipay, WeChat, or bank cards, the system instantly marks the virtual currency transaction as "high-risk behavior," equating it with crimes such as "gambling" and "fraud." 2. The Federal Reserve has been slow to lower interest rates, leading to a lack of liquidity in the market, which creates a chain reaction: cryptocurrency prices do not rise, there is no wealth effect, and new funds are reluctant to enter! 3. The pandemic has caused the public's savings to be nearly depleted, the real economy has been severely impacted, people are unwilling to spend, creating a vicious cycle, and countries around the world have also been affected to some extent! 4. Factors such as war, the Middle East, and the Russia-Ukraine situation contribute to global instability, which can also impact finance!
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