CryptoExplorers says
Celebrating the whole world, Bitcoin has reached a new historical high. Bitcoin is now beyond the reach of ordinary people. For most office workers, having a few coins will become a dream. We witnessed the history time and time again, this is the best era, because we stepped on the right rhythm and chose the right track, so we gained a lot of extra wealth. This is also the worst of times, because one day when the bull market is gone, we will not be able to make this money so easily in any industry. The test will be whether we can carry these "surprise joys". So whether Bitcoin is 420,000, 800,000, or 1 million today, the CryptoExplorers hopes that everyone can delay enjoyment. Don’t increase consumption quickly because of making money, but gradually increase their consumption after continuous precipitation. This is what i most hopes to share with you at this point in time, and it is the most important thing in my opinion.
Coinbase will be listed tomorrow night, and the opening price will probably be around US$400. At present, according to the FTX contract price, CBSE has risen to around US$600, which means that the currency circle will give Coinbase a 50% premium after listing. That is, the rise after the opening is basically a foregone conclusion. From another perspective, even if the stock price is at $600 after the market opens, the 115 million ordinary stock market is worth about 69 billion U.S. dollars. According to the 800 million net profit given in the first quarter, PE is basically about 20 times. This is for US stocks in a bubble. , The valuation is not high. For crypto exchanges with huge development potential in the next few years, this valuation is relatively low. Therefore, the CryptoExplorers believes that after CB is listed, it is likely to continue to rise, and it is not excessive to reach 100 billion US dollars. However, considering that Coinbase's listing method is DPO, that is, all investors openly bid to buy shares, which may cause some early investors to quickly make profits. Therefore, the market turbulence after listing is inevitable, and the overall probability of Bitcoin collapse is extremely high. small.
Biden intends to increase FinCEN’s budget by 50% to combat illegal financing. Previously, FinCEN forced crypto exchanges to collect real-name information from private wallets because of this matter. It seems that the United States intends to further strengthen the supervision of cryptocurrencies in terms of compliance. There will be short-term pains in the currency circle, but it is a long-term benefit.
Fed Brad: What the public relies on is unified foreign exchange, and cryptocurrency is going in the wrong direction. After talking at night, he will hit a new high during the day and face the official. Is the future of the world at the top or the bottom?
KrakenCEO said that the crackdown on cryptocurrencies may be coming, and national zf will restrict the use of Bitcoin and other cryptocurrencies, and the regulatory uncertainty surrounding cryptographic technology will continue. These senior executives in the United States frequently make such remarks. I am afraid that supervision will come at any time. Therefore, when we hit new highs, we should not overheat our heads. We should remain rational.
Last week, the inflow of digital asset funds fell to US$83 million. Institutions bought fewer and fewer, and more and more retail investors. This is the mid- to late-stage performance.
The US "Time" will accept bitcoin as payment and hold bitcoin. If this level of media holds Bitcoin, it will decide its head in the future and help us publicize it. This is an absolute good thing.
Galaxy Digital submitted a Bitcoin ETF application to the US SEC, and more and more companies are applying, and the quality is getting higher and higher. Let's wait for the SEC's approval.
Grayscale unlocks 7,092 bitcoins today, and 8659 bitcoins tomorrow. After the US stock market opens in the evening, GBTC's smash will obviously appear again, which is not conducive to the continued upward trend of bitcoin.
India’s Ministry of Finance has stated that it remains open to the country’s Bitcoin and cryptocurrencies. Bitcoin said, I like to see you want to kill me, and look like I can't help it.
Binance launched an equity token, through which shares can be traded through BUSD. The first stock is Tesla. Madmen feel that this is a bit of a leap. The currency circle is going to grab the jobs of traditional capital. This matter is done too early. It violates the interests of the supervisory authority. There will be a counterattack by the supervisory authority. I do not recommend that everyone go to the leap to participate.
Tether has issued an additional 1 billion USDT, and the incremental funds are still fierce.
Market analysis
Bitcoin:
Bitcoin just broke through and did not show much selling pressure after the breakthrough, but the strength of the bulls is not strong enough to beat the bears, so the strength is still relatively balanced. I still believes that this round of rise will not be too fast, which is a shock type. The rising method of two withdrawals and one will increase the difficulty of leveraging, but it should be relatively safe to hold the spot.
ETH:
Make new historical highs again, and there are often new highs after the new highs, so hold first.
DOT:
The high-level platform is mainly volatile, and it is still in the accumulation period.
BCH:
Linkage market.
LTC:
The leader of the supplementary gain category continues to lead the gains, holding it first without falling below the 5-day line.
BSV:
Hold it first.
ADA:
There is a chance to hit a new high again. There is not much selling pressure today. It is the logic to judge the new high.
EOS:
Linkage moves higher.
TRX:
The market environment is good, and there is still a chance to continue to rise.
XMR:
Two advances and one retreat.
ZEC:
Take it first.
FIL:
Not joining.
DOGE:
There is a chance to make a new high in the near future, and hold the main.
UNI:
It has reached a record high, but the selling pressure is relatively large, and it is expected to oscillate at a high level, and the probability of continuous killing and falling is unlikely.
The blood sucking of the pie is quite obvious. This is what the CryptoExplorers said yesterday. The way that the market value of Bitcoin increases, that is, the pie rises, and other currencies can't run the pie, so the market value of Bitcoin will rebound.
That's it for today, see you tomorrow.
