The sell-off of cryptocurrencies is likely due to a liquidity shortage in the United States—an analyst states that Bitcoin's decline is correlated with SaaS stocks, and it is unlikely that the recent sell-off is solely caused by factors unique to cryptocurrencies.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The sell-off of cryptocurrencies is likely due to a liquidity shortage in the United States—an analyst states that Bitcoin's decline is correlated with SaaS stocks, and it is unlikely that the recent sell-off is solely caused by factors unique to cryptocurrencies.