June 6, 2025

The market has fallen again, this time mainly because of the confrontation between Trump and Musk, one of the most powerful and the richest people, who was still in the honeymoon period a few months ago, suddenly scolded because of a bill, as if they were going to break up. This directly caused Tesla's stock and Dogecoin to plummet, and also indirectly affected the broader market. However, in my opinion, this is a sudden event, which is a very small thing that cannot even be called a black swan, so the impact is limited, and the recent market itself is in a period of adjustment, and it is reasonable to encounter a wave of decline in this situation.

Another thing, which is also a bit of a downside, is that Singapore's recent policy is driving people out in disguise, which roughly means that companies that have not obtained a license will not be able to carry out cryptocurrency-related work from June. After all, there are only a few people who can get licenses, so a group of people are destined to migrate again, and I can only say that it is really difficult for crypto workers to find a policy-friendly place, and they will be driven away again in a few years.

This matter should not have a direct impact on the cryptocurrency market, but considering that some companies may face dissolution, there will be some influence. Of course, for those in the crypto industry, such events should be quite familiar; they were once forced to collectively migrate to Southeast Asia, and after so many years and events, everyone understands that external forces can no longer kill the cryptocurrency industry, especially since Bitcoin's market value is different from what it once was.

In terms of market trends, this adjustment is within an acceptable range, with Bitcoin still above 100,000. Logically, this pullback of Bitcoin should have a stronger impact on the overall market, but currently, it seems to be manageable. As for Ethereum, it has now returned to 2,400 points, indicating that the pressure at 2,600 points has still not been broken. Let's observe the adjustment; the second half of the year has just begun, and there is still considerable room for upward movement in terms of time, so let's continue to hold firm.

Thank you for your attention and likes.