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Overview
The sharp drop of the Malaysian Ringgit has caused global market turmoil, affecting Bitcoin and gold as well.
Emphasis
- 😱 The Malaysian Ringgit has dropped significantly from 4.46 to 4.51, causing a strong market reaction.
- 😬 The US interest rate cut caused the US dollar to soar and the US stock market to plummet, which was unexpected in the market.
- 😰 Bitcoin has been volatile, plummeting by $7,000 yesterday, back to the $100,000 mark.
- 😖 Powell's speech has brought global turmoil, and the Malaysian stock market has been hit hard.
#Gate.io Annual Report 2024 #BTC Hits a New ATH: What’s Next? c