U dropped earlier due to policy crackdown. Now it's falling because the entire cryptocurrency market is declining, with BTC dropping and ETH falling along with BTC.
Currently, as the New Year approaches, institutions are taking holidays, and on-chain trading is sluggish. Today, BTC trading volume is only 600 million dollars.
Off-chain USDT price is even lower at 6.91. Such a low price indicates that no one is willing to buy the dip. Institutions are preparing for the New Year, and we should also get ready for the holiday—eating well and enjoying ourselves is the right way.
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U dropped earlier due to policy crackdown. Now it's falling because the entire cryptocurrency market is declining, with BTC dropping and ETH falling along with BTC.
Currently, as the New Year approaches, institutions are taking holidays, and on-chain trading is sluggish. Today, BTC trading volume is only 600 million dollars.
Off-chain USDT price is even lower at 6.91. Such a low price indicates that no one is willing to buy the dip. Institutions are preparing for the New Year, and we should also get ready for the holiday—eating well and enjoying ourselves is the right way.