Oh my god, when Bitcoin surged to $91,000 yesterday, I was so excited, but then it immediately dropped back😅 Later I found out it was geopolitical issues causing the chaos—US military actions leading to market volatility. This is the "lesson" I, as a newbie, need to learn.
But on the other hand, this volatility showed me a lot of interesting things—Dogecoin rose over 10%, Pepe Frog soared by 15%, and there's a coin called MYX that surged by as much as 85%?! I still don't quite understand why these meme coins are so volatile, but the feeling of a bull market is getting stronger.
What shocked me the most is that the entire cryptocurrency market grew by $80 billion this week, with a total market cap approaching $3.2 trillion🚀 Bitcoin's dominance has fallen below 57%, indicating everyone is trading altcoins, and the FOMO of missing out is kicking in again...
But now I've learned to be smarter and won't blindly chase the trend. Mainly, I want to understand why geopolitical news can directly impact coin prices. Can any knowledgeable friends help me with a quick explanation? It seems crypto markets are open for trading on weekends, which is definitely more flexible than stock markets!
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.
Oh my god, when Bitcoin surged to $91,000 yesterday, I was so excited, but then it immediately dropped back😅 Later I found out it was geopolitical issues causing the chaos—US military actions leading to market volatility. This is the "lesson" I, as a newbie, need to learn.
But on the other hand, this volatility showed me a lot of interesting things—Dogecoin rose over 10%, Pepe Frog soared by 15%, and there's a coin called MYX that surged by as much as 85%?! I still don't quite understand why these meme coins are so volatile, but the feeling of a bull market is getting stronger.
What shocked me the most is that the entire cryptocurrency market grew by $80 billion this week, with a total market cap approaching $3.2 trillion🚀 Bitcoin's dominance has fallen below 57%, indicating everyone is trading altcoins, and the FOMO of missing out is kicking in again...
But now I've learned to be smarter and won't blindly chase the trend. Mainly, I want to understand why geopolitical news can directly impact coin prices. Can any knowledgeable friends help me with a quick explanation? It seems crypto markets are open for trading on weekends, which is definitely more flexible than stock markets!