CryptoExplorers says
The market is basically in line with expectations. The toss and toss at this position has come up. Since the settlement of the largest option at the end of March, market panic has significantly weakened, liquidity has increased significantly, and supply has fallen sharply. In the past two years, Approximately 45.3% of Bitcoins have not moved, which is the highest level in the past three months. At the same time, the exchange's stablecoin holdings exceeded 10 billion and hit a record high, indicating that the reserve force is very sufficient. From the data point of view, there is still a chance to hit above 60,000 again, because the relationship between supply and demand has improved significantly. In addition, just after the 17% crash of Nomura Securities, Japan's largest brokerage, the U.S. stock futures fell. Bitcoin did not clearly follow the decline, indicating that Bitcoin has once again stepped out of its own independent market, which will be conducive to the continued strength of the market outlook.
Biden will announce a new US$3 trillion stimulus plan on March 31. This time it is mainly used for infrastructure construction. The impact on the currency circle is relatively limited, but it will benefit US stocks related to stocks and will drive the capital market from the side. Stronger.
The founder of ARK believes that $1 trillion in Bitcoin is only the beginning of price discovery, because its limited supply and unlimited demand will reach incredible heights. Just listen to this and it's over, at least right now.
In March, the income of miners exceeded 1.5 billion U.S. dollars, a record high. In the bear market, both mining and coin trading are very popular. In the bull market, the layout is a bit slow. Although the income of the bull market is high, the price of mining machines has risen even more astonishingly, so the return cycle will increase instead. According to past experience , Investors who buy mining machines at a high price will eventually lose more money than buying coins.
The Finance Minister of India stated that the income of cryptocurrency will be taxed as income and that cryptocurrency exchanges will be taxed in accordance with consumption tax. Asan next door is also quite funny, illegally levying taxes for a while, and no one will have trouble with the money anyway, India will eventually have to accept these legal taxes.
VISA allows USDC to settle transactions on its payment network. USDC is a stable currency that has been audited by an auditing company and has been included in supervision. From this perspective, it is actually more reliable than USDT. CryptoExplorers told you about this stable currency a long time ago. But now USDT is fine, and the probability of a bull market thunder is almost zero.
Sqaure CFO said that the company will hold bitcoin for a long time as its balance sheet, with an investment ratio of 5% of the company's cash. Most institutions in the United States will hold it for a long time, so it is a good foundation.
Market analysis
Bitcoin:
It is expected that the volatility in Europe and the United States after work in the evening will intensify, and the overall situation is likely to fluctuate higher. There is a chance to touch 60,000. Whether it can break through depends on whether the supply near 60,000 appears. The CryptoExplorers expects that they will not want to hit a record high soon. Toss and toss again is a high probability event.
ETH:
Linkage is the main focus. Today's bottoming out and rebound indicates that the overall trend will be higher in the future.
DOT:
The unlocked amount will be significantly reduced to 3.02 million next week, and the pledge amount will still remain at the 9 million level, so it is expected that the linkage shock will rise.
XRP:
The pig teammate Ripple's co-founder has smashed 127 million XRP in the past 15 days. Even so, the price of Ripple has not fallen significantly, indicating that the market outlook is more likely to rise.
LTC:
Today I walked quite violently. If you step back on the vicinity of 192, you can consider some.
ADA:
The linkage shock is mainly higher.
TRX:
Can still be held.
XMR:
Become strong again, hold the main.
FIL:
It is somewhat weak, but the trend has not changed, just gradually reduce it.
UNI:
The rebound is not strong, so do not participate.
SUSHI:
The official said that the 47 million pieces were not unlocked at a time, but they were still unlocked in April. We waited for the specific notification. There was nothing to say, but it was still smashed.
CRV:
The new small coins on coinbase have been very strong recently, and many people in the background have asked that they can continue to be held.
CFX:
Binance will be listed at 7 o’clock this evening. It’s basically the same as the madman’s previous guesses. Good domestic projects have zf for investment. The only three major domestic projects are Huobi. Seeing that there are mentions in the community that investors are about to unlock, the short-term trend depends on Binance's global leek takeover strength. The current trend has not gone bad, and the change of hands is still sufficient. It is recommended that profits fly.
The effort of writing an article has risen by $2,000, and it is still 6% from the historical high. I don’t know when I shuddered again. It seems that it was right to let everyone cover their positions yesterday. The madness of Bitcoin is unimaginable.
That's it for today, see you tomorrow~!
