CryptoExplorers says
The U.S. 10-year Treasury bond yield has hit a new high recently, but this time neither U.S. stock futures nor Bitcoin has seen a sharp drop. The specific macro reasons are not analyzed by the CryptoExplorers. From the results, U.S. bond yields and risk markets Short-term decoupling will increase the risk appetite of many investors. With each loss of concern, the investment will be more aggressive, which is similar to the logic of the recent rise after the large-scale delivery of Bitcoin options, so it is a sign of the recent warming of the wind.
The inflow of funds from institutions investing in crypto products has reached the lowest level since October last year, indicating that institutions have slowed down the purchase of cryptocurrencies. Although the demand has decreased, the CryptoExplorers article yesterday also mentioned that the supply has continued to decrease, so supply and demand. The relationship is still in a balanced state, which is also the underlying logic of the recent CryptoExplorers judgment of market shocks.
MOGO Holdings has launched a bitcoin cash back mortgage loan, which can return up to 3,100 US dollars worth of bitcoin through the loan business. Previously, Fidelity and Silvergate’s cooperation in Bitcoin mortgage loans have also been formally established. Various loan methods using Bitcoin as a medium are emerging. This is equivalent to Bitcoin becoming the global settlement currency. As the Ukrainian Finance Minister said yesterday, the future Cryptocurrency may become a global settlement currency.
Latvian Airlines accepts cryptocurrency payments, and luxury car rental company MPH CLUB also accepts Bitcoin payments. More and more large companies recognize cryptocurrencies. Isn’t this consensus a kind of value? If everyone buys them in cryptocurrency in the future Things, such a huge fund pool effect will push the cryptocurrency to continue to rise sharply.
The Canadian Securities Regulatory Commission has issued a regulatory framework for the compliance of crypto asset exchanges. Once the core component of the cryptocurrency world is compliant, most of the businesses in the industry will enter a state of compliance, because the exchange is the superpower of the crypto world. hub.
The Bank of New York Mellon predicts that Bitcoin will reach US$10-288,000 this year. The CryptoExplorers believes that 100,000 has a chance, and 288,000 is basically unlikely. The founder of ARK once again called on institutions to allocate 2.5%-6.5% of Bitcoin in their investment portfolios, which may push Bitcoin to $200,000-500,000. One is more ruthless than the other, no matter what others say, we only need to execute according to our own plan.
The Spanish government of Tenerife decided to sell its holdings of bitcoins, a total of 20 bitcoins, with little impact. Each zf's perception is different, and its attitude towards cryptocurrency is also very different. In the end, time will prove who is right and who is wrong.
The one-month implied volatility difference between Ethereum and Bitcoin has dropped to 8%, the lowest level since December. This reduction in the difference indicates that market investors are returning to Bitcoin, so there may be blood-sucking in the big pie at any time.
The core developers of Ethereum stated that Ethereum will realize POS at this time next year. At the same time, it can carry out cost destruction, close to zero issuance, and improve Layer 2 scalability. It seems that there is not much time left for other public chains, either to surpass or gradually decline.
Market analysis
Bitcoin:
Both demand and supply have fallen. Although it is only one step away from the historical high, it is still not enough to spray directly. Therefore, the CryptoExplorers still believes that it is mainly due to shocks. The current support level has moved up to 56500, and the pressure level is still at 60000, the probability of continuing to toss in this interval is relatively high.
ETH:
Linkage pie.
DOT:
The high-level cabinet oscillated without much change.
XRP:
Can continue to hold, the trend is no problem.
LINK:
Not too strong, the linkage shocks.
BCH:
It's okay, and there is some expectation to make up for it.
ADA:
Can continue to hold.
TRX:
The trend is okay, continue to hold.
XMR:
Hold mainly.
FIL:
The trend hasn't gone bad, and it will gradually decrease with the rise.
SUSHI:
A new unlocking program was released, unlocked for half a year, and unlocked once a week. This method is not as good as solving the problem at once. It is not easy to do in the near future. Let's watch the show. The same is true for UNI.
There is nothing to add, just wait for the change. 60,000 is the super resistance from the top. Whether it can change upwards or not, this position is very important. The market does not have the courage to challenge, so it needs to be observed for a while.
That's it for today, see you tomorrow~!
