CryptoExplorers says
Coinbase will officially land on Nasdaq at 21:30 in the evening. The currently issued 130 million ordinary shares and the diluted circulating shares are 261.3 million shares. The Nasdaq priced Coinbase at $250, corresponding to a market value of $66.5 billion. According to the market information of the FTX exchange, the share price of Coinbase is 580 US dollars per share. That is to say, there is a high probability that it will rise quickly after the opening of the evening. The subsequent market depends on how the capital market gives the answer. The crypto exchange FTX gave a "guide price" of 580 before the market, and the market value has exceeded 100 billion. Traditional capital will reveal the true sentiment of the market at night, whether it is high driving low, or high driving high. We will wait and see. Whether the listing of Coinbase will become a feast for the minority, the crematorium of the majority, and the reversal of the currency price at a new historical high, is the biggest suspense left to us tonight.
Note: According to the rules, the opening time of Coinbase trading is any time when the U.S. stocks open, so everyone needs to continue to pay attention.
According to the latest survey of fund managers by Bank of America, most professional investors believe that Bitcoin is a bubble. The ratio reaches 74%. This will increase the upward pressure on Coinbase's listing of US stocks. The opinions of professional investors will affect the market in the short term. Produces a strong negative, but in the medium and long term, as long as the differences do not converge, this will not become a historical high.
The U.S. Senate is establishing a bill requiring cryptocurrency tax returns, and the Spanish Ministry of Finance also requires cryptocurrency holders to file tax returns. Tax bills in various countries are in full swing. Since this big cake cannot be suppressed, it is simply used to increase fiscal revenue. It is obviously not a good thing to introduce a tax policy at a new height in Bitcoin's history. This will allow some people who are eager for quick success and quick profit to ship in advance to avoid the impact of tax on future earnings.
The open positions of Bitcoin and Ethereum futures have reached record highs. A market where both volume and price rise is a good market, which will help the market go further.
The total market value of global cryptocurrencies has surpassed the market value of Apple. After this wave of rise, the market value of Bitcoin has surpassed Facebook to rise to the sixth place in the world, one step closer to the first, and the market value of Ethereum surpassed Intel to rank 28th. Looking forward to the day when cryptocurrency dominates the list, I wonder if domestic policies will be completely liberalized at that time.
Binance will list the Coinbase stock token COIN today and open the COIN/BUSD trading pair. This means that 24-hour uninterrupted U.S. stock trading was first opened by the currency circle, but this is likely to be supervised by the strong SEC, and the first person to eat crabs may be caught.
RippleCTO reminded on Twitter that if you have a life-changing cryptocurrency, it is time to consider selling some cryptocurrencies. It is the behavior of a wise man to withdraw some positions in a beam of joy. In the long run, it will not be wrong.
After Bitcoin hit a new high, the demand for USDT increased. The annualized interest rate of some exchanges protruded above 36%, but the maintenance time was not very long, indicating that long-term funds were not sustainable enough and leveraged funds, which is not conducive to long-term stability. The rise.
Grayscale GBTC continues to discount by 6%, and ETHE returns to a positive premium of 3%, indicating that institutions will be more optimistic about the future of Ethereum. ETH is likely to outperform Bitcoin's growth in the future bull market.
MicroStrategy's stock price has risen by 18% following the historical high of Bitcoin. This company uses leverage to buy Bitcoin. It can be said that it succeeds in Bitcoin, but also loses in Bitcoin. The risk is very high. Buying this company’s stock is a bit like 3 times. Leverage to do more Bitcoin, haha.
U.S. stock blockchain company MFH announced that it can use Bitcoin to subscribe for stocks and raise 10 million US dollars. Bitcoin can now do everything. It is currency and gold, and it has the volatility of stocks.
E11even, a nightclub in Miami, USA, accepts cryptocurrency payments. As the Mayor of Miami continues to advance cryptocurrency, there is a high probability that he won't need to exchange US dollars if he takes the cryptocurrency to play in Miami in the future.
Market analysis
Bitcoin:
The upward trend is still unbroken, but the trend tonight will be particularly important. As long as the US stock market does not have a moth, the upward trend will not change, and the overall currency can still be held.
ETH:
After the historical new high, continue to rise, just hold it according to the 5-day line, and hold it if it doesn't fall below the 5-day line.
ETH will be upgraded in Berlin near 17:00 tomorrow. At that time, most exchanges will not support deposit and withdrawal. Investors who play Defi should pay attention to not doing on-chain transactions during that time.
XRP:
The 5th line is not broken. Let's go if it breaks. This bit of meat is already very comfortable. According to the news, Coinshares launched XRP ETP, which will be listed on the third largest stock exchange in Europe, which is a big plus.
DOT:
Continue to oscillate on the high platform. If the pie and the ether continue to hit new highs, then Polkadot will follow with new highs, and the overall situation is linked.
LINK:
Get out of all-time highs and hold first.
BCH:
Compensation rose to a new high, this wave is almost gone.
LTC:
He took the lead to make up to a new high, and then stalled. He walked one day faster than BCH.
BSV:
The high pressure in the early stage is still too heavy and needs further grinding.
ADA:
This new high-creation is a bit reluctant, so there is a high probability that it will return to the high platform and oscillate.
TRX:
Create a new high, go up and down, and lighten up the position.
ZEC:
Take profit if the 5th line breaks, and hold if it breaks.
FIL:
Short-term opportunities are not great.
DOGE:
Congratulations to the investors who ambushed a few days ago. Today, we have directly reached a new high of doubling, and let the profits fly with the principal. Mark Cuban, the owner of Dallas Mavericks, said he has obtained 120,000 Dogecoins through merchandise sales, and will never sell DOGE, and will keep buying. This buddy is the same as Musk, two lunatics, with a high probability that the ass decides the business of the head.
UNI:
High shocks dominate.
As a whole, everyone should pay attention to the 5-day line. Once it breaks below, it means that the short-term trend is over. At least half of the profit should be taken to prevent the market from rapidly changing its face at historical highs.
That's it for today, see you tomorrow.
I am also waiting to see the effect of coinbase launch.