Brokerage China: Two factors spur safe-haven funds to enter the cryptocurrency market

According to securities firm China news, market participants believe that two major factors stimulate safe-haven funds to enter the cryptocurrency market. One is that some funds judge that the first-quarter performance of A-share companies has been greatly affected by the epidemic, and are cautious about the short-term trend of the A-share market after the holiday. Second, the epidemic affected the start of mining machine chip manufacturers. Some manufacturers have delayed the delivery, maintenance and cancellation of orders for mining machines, reducing the supply of Bitcoin, Ethereum Classic, Litecoin and other secondary markets. .