CryptoExplorers says
The epidemic has shown signs of resurgence in this period of time, especially in some countries with large populations, such as Brazil and India, with a record high of single-day confirmed diagnoses, and its severity is much higher than that of the United States. The Fed Meester stated that inflation is expected to be high in the coming months. As a result, US stocks rose sharply and Bitcoin moved up, but the 60,000 mark still failed to break through, indicating that the selling pressure at this position still exists.
Two large amounts of BTC flowed into the exchange overnight, 4,500 and 3,631 into the coinbase, worth nearly 500 million U.S. dollars. It will take time for the market to accept these selling pressures. Therefore, the position of 60,000 should be repeatedly rubbed. At the same time, a sum of 50,000 ETH entered Bithumb, and it is also suspected of high-level cash out.
The founder of Cakewallet tweeted that: Wal-Mart is buying Bitcoin, and it will be shown in its financial report on May 18. There is no official definitive news yet. This news is quite possible, but no one knows how to buy more and buy less, so it has little impact on the market. The wave just pulled at 16 o'clock was caused by this news.
Microstrategy bought another 253 bitcoins at a cost of 15 million U.S. dollars. This company is a kind of brainless allin. As long as you have money, you can buy it. Compared with the more than 90,000 bitcoins it already owns, it is now Not much.
The price of Bitcoin on South Korean exchanges hit a record high, with a premium of over 15%, and the premium rate reached a historical high. The last time a premium of over 15% was a high in 2018, it shows that Koreans have a very heavy FOMO sentiment. Great.
Bitcoin options and futures trading volume hit a record high in March, and the market, where both volume and price have risen, is still on an upward trend. At the same time, the most discussed currencies on Twitter in March were Bitcoin and Ethereum. The more discussions, the higher the attention and the stronger the sustainability in the future.
Canadian investment company CI announced the launch of the CI Bitcoin Fund, which is similar to the Bitcoin ETF, lowering the threshold for investors to enter the currency circle.
The total market value of cryptocurrencies exceeds 2 trillion U.S. dollars, setting a historical record. The currencies that have risen recently are basically small coins, and they are in a state of chaos. There are 100 currencies with a market value of more than 1 billion U.S. dollars. The proportion of Bitcoin in the total market capitalization dropped rapidly to 54%. The figure at the apex of the last bull market was 32%. It is expected that this round will not go so deep. If one day Bitcoin’s proportion of the total market capitalization is less than 40%, it may be It is a relatively good shipping location.
"Rich Dad Poor Dad" author Kiyosaki predicts that Bitcoin will reach $1.2 million in the next five years. I don't know how to calculate this data, just look at it anyway.
The total scale of Grayscale asset management exceeded US$46 billion. Although there has been no recent increase in holdings, the rise in currency prices still continues to promote the scale of Grayscale assets. The GBTC discount rate has decreased, from -10% back to -3%. The selling pressure in the US stock market has weakened, which is a good sign. On the news, Grayscale plans to convert Bitcoin Trust to Bitcoin ETF, and the custody rate will be greatly reduced. This is also the way that Grayscale has no choice. After all, there are too many competitors. If you want to continue to expand, you can only reduce fees to compete. The 6-month lock-up period and fees will reduce the discount of GBTC, but it may increase short-term selling. Pressure. This matter is still inconclusive, and the ETF has not approved it, so just know this in your head.
Grayscale Trust has added another coin, NII, which has not been studied by the CryptoExplorers. If you are interested, you can study it yourself. Currently only available on Uniswap.
British beauty brand Wake Skincare accepts cryptocurrency payments, and the global currency is coming to us.
Ethereum's Defi lock-up volume increased by 14% last week, reaching 35.5 billion U.S. dollars. The Defi market is still growing, and the future can be expected.
Tianqiao Capital may issue a fund centered on ETH, because ETH has a large market and a good network foundation. ETH is also more and more favored by capital.
White hat hackers said that a 4-year old project contract has serious problems and will provide more information soon. The thunder of the blockchain world is the thunder of technology. We still have to remain in awe, because once you step on the thunder, there may be nothing. The CryptoExplorers can't guess what the project is. In short, investment is risky. It is best to do the worst before filling up the money. It is intended that such an empty cup mentality is conducive to the improvement of transaction quality.
Market analysis
Bitcoin:
Bitcoin has been horizontal for a whole day today, waiting for Americans to get up at night. At present, many coins are dancing in a flurry. Therefore, it is very absorbing the funds of Bitcoin. It is expected that the fluctuation will be the main reason. High repetition is inevitable. When it's past 60,000, it's too late to chase in.
ETH:
Still in the upward trend, holding currency as the mainstay, there is a chance to continue to record highs.
DOT:
Link with Ethereum, you can hold it first.
XRP:
Standing directly above 1 US dollar, the market value returns to fourth. Ripple's big rise will suck blood for other currencies. There is no sign of peaking yet. If you have a heavy position, you can sell your profits while accelerating.
LINK:
Go well, take it first.
BCH:
As the i said yesterday, you can continue to hold what you bought.
LTC:
Coinshares launched the Litecoin ETP, which is considered a small benefit for Wright. Today, this line has come out and the structure has been completed, and there will be opportunities to continue to break through this round of new highs in the future.
BSV:
The supplementary increase category has gone up a circle, and this guy should come back all of a sudden.
ADA:
Within a narrow range, no trading opportunities were seen.
EOS:
The trend is not bad, the 5-day line holds.
TRX:
Follow the main force and pull it out as you go.
XMR:
Concussion goes higher.
ETC:
It also belongs to the category of supplementary gains, and it hasn't finished yet.
ZEC:
Take it first, it's not broken.
SUSHI:
The unlocking begins, first evade the selling pressure.
Rubbish coins fly around, stay sensible, don’t gamble, otherwise it’s easy to hang on top of the mountain.
That's it for today, see you tomorrow.
