Huobi Research Institute: Cryptocurrency Market Falls Alongside US Commodities and US Debt Affected Commodities

According to market data from Huobi World, on March 5, 2021, the price of Bitcoin fell by at least 46,300 USDT and as much as 6%. Huobi analysts believe the cryptocurrency market has fallen along with US stocks and commodities affected by US debt. The benefits of further expansion in the United States are not as great as expected and there is a risk of lower financial income. Markets will continue to measure value and expectations will be lowered. As US debt continued to rise, US capital, copper, nickel, zinc, and other non-ferrous metals fell along with Bitcoin, hurting the entire digital economy. In addition, the value of the current GBTC gray scale has reached -11.92%, and the interest of existing schools entering the market has also been reduced.