CrpytoExplorers says
The minutes of the Fed meeting show that the long-term goals of the US economy are far from being achieved, inflation risks have increased (good), and the overall balance is currently in balance. And the Federal Reserve Brainard said: The US unemployment rate is close to 9%, and inflation is expected to increase over a period of time, but it is unlikely that there will be a sustained surge in inflation. Fed Daley believes that it will take 1-2 years for the inflation rate to reach 2%. The overall view is that inflation will continue and the expected period is quite long. This is a long-term benefit for cryptocurrencies. After all, the loosening of the macro environment is the fundamental logic of the currency bull market.
Although the Federal Reserve issued a summary, it is clear that neither U.S. stocks nor U.S. bonds have been affected too much, indicating that this is in line with previous expectations. However, the cryptocurrency market, which has been following an independent market, has encountered Waterloo, which plunged yesterday. It can be said to be very fierce. The reason is probably due to the reconciliation negotiations between the United States and Iran. Previously, we and Iran engaged in a rmb international cooperation. The United States couldn't sit still at once and planned to terminate sanctions and start negotiations. Of course, everything was for the status of the dollar. The expectation of a strong U.S. dollar is obviously a strong negative for the crypto market, which may be the biggest reason for the continued weakness of the overnight market. Under the threat of the United States, it is not known whether Iran will eventually compromise, but it is clear that it has buried a bad seed for the crypto market. After all, Bitcoin is the biggest beneficiary in the troubled times.
CryptoQuant CEO said that the market has not yet reached its peak, because compared with the 18-year high, the exchange inflow address reached the highest at the peak, but it is currently at a three-year low. Everyone is holding Bitcoin instead of selling. Bitcoin. This is the hard logic between supply and demand, and it is also the fundamental reason why the CryptoExplorers believes that the Bitcoin bull market is not over yet.
Paypal Lianchuang said that Bitcoin may become China's financial weapon, overthrowing the dollar's currency status. The CryptoExplorers smiled after reading it: China has no such meaning, after all, we have a digital renminbi.
Bloomberg reported that Bitcoin will rise to $400,000 this year. The logic is to compare the bull market gains in 2017 and 2013. The madman feels different, don't be blindly optimistic. At the same time, the report mentioned that GBTC maintains the support level of MA50, which has attracted a large number of buyers. You can pay attention to this MA50.
Bitcoin mining company Hut 8 applied to raise 500 million Canadian dollars to mine in Canada. Roit Blockchain bought 42,000 ant mining machines for 138 million US dollars. The capital that really wants to rely on mining to make money should now be based on 1 billion yuan. If you own it, please feel free to layout it.
State Street, the second largest bank in the United States, plans to open cryptocurrency transactions in the middle of the year, and another bank will become a more comprehensive financial institution.
The law of the US state of Wyoming allows online sports betting to use cryptocurrency to place bets, which is no different from paying through cryptocurrency, except that those websites that may become black lottery will be eliminated sooner or later, and decentralized gambling may have the last laugh.
American real estate giant Caruso Properties accepts Bitcoin as rent. This real estate is mainly engaged in commercial real estate. You don't have to worry about renting a house if you go to the United States to do business in the future.
The Guggenheim CEO believes that Bitcoin will fall back to between US$20,000 and US$30,000. Remember this buddy, the ass decides the head, he buys coins while he is short, and he sees more when he buys it, it seems that he is planning to increase the position again.
Wealth management giant DA Daivdson raised the price of Coinbase's stock to $440. When market consistency is optimistic, it tends to go in the opposite direction. Therefore, expectations should not be too high. The trend of Coinbase in US stocks will have a strong correlation with the big pie in the future, so the influence of US stocks on the currency circle will be further deepened.
Dutch star Ryan Babel called on his teammates to buy Bitcoin. He said that he made more money in the currency circle than in his career. But he has earned so much, and then let his teammates take over, the risk of this is not small, after all, it was possible to be 100 times in the past, and it will be difficult in the future.
Ukrainian civil servants have a total of 46,351 Bitcoins. This is a large group of currency holders. The first is 18,000. These civil servants are well aware of their wealth and have already had their wealth free. I hope they will not realize it too quickly.
FTX Exchange has won the naming rights for the Miami Heat's stadium for 19 years. It is great to have money. In the future, cryptocurrencies will have more room for display in this world.
The South Korean Financial Commission, the Ministry of Finance, and the Ministry of Justice held meetings to focus on cracking down on illegal activities in the cryptocurrency market. This is a good thing. Only when rubbish is cleaned up can value coins continue to emerge. Just like 1994, when we cracked down on rubbish coins, we have Bitcoin's current status. Otherwise, funds will be harvested in various ways and the bull market will never be seen again.
Zhongrong Trust released the global cryptocurrency investment report. I looked at it without any seriousness. It was mainly restricted by policies. I dare not say more. We can only look forward to when the country will let it go.
Florida has launched 300 Bitcoin self-service terminals, which can be used to buy Bitcoin through Coinstar. I had a lot of these machines when I was in California last year, and some large supermarkets such as Wal-Mart can be seen everywhere. Bitcoin is getting better and better in the United States.
In the past two quarters, the outflow of gold ETP was US$20 billion, and the inflow of cryptocurrency ETP was US$7 billion. Gold investors are flocking to the crypto market. In the first quarter, the inflow of cryptocurrency funds also reached a record high, reaching US$4.5 billion. With these data as the basis, we really have nothing to fear.
Grayscale continued to not increase its holdings, and the GBTC discount rate rose again to -11.45%. At present, there are some "rights protection" voices. Marlton hopes that Grayscale can repurchase GBTC in the primary market because discounts and management fees have already made GBTC All shareholders lost $3.1 billion. It seems that grayscale's previous advertising + repurchase plan did not work. After all, it is really not realistic to use hundreds of millions of dollars to protect plates for tens of billions of dollars. Wait for the grayscale to solve it later, otherwise more and more organizations will respond. This news is bad. After all, if Grayscale pays for the repurchase by itself, the funds will still come from the BTC gains.
USDT printed 500 million, and the inflow of funds continued.
The circulation of Ethereum stablecoins exceeded 45 billion U.S. dollars, a record high, and the reserve force continued to increase, which is the basis for future growth. However, it should not be ignored that the leverage ratio behind it is continuing to rise, which means that many of these stablecoins are borrowed from mortgages. Therefore, once the market has a major correction, these leveraged funds are likely to become short fuel. This is also the 312 market last year. The fundamental logic. Madman expects that there is no risk of such a series of smashing positions in the short term, because the USDT lending rate is not exaggerated and is still within the normal range.
Preview:
CCTV Finance will broadcast the cx scam of Plustoken on the "Economy Half an Hour" program at 20:00 in the evening. This wallet had a volume of more than 40 billion at the time, pitting more than 2 million people. It can be regarded as a cx miracle. Look.
Market analysis
Bitcoin:
The rally during the day is not particularly good. Today’s rebound is a technical rebound at the support level, but the market as a whole is still relatively weak, or there may be room for further decline. In the short term, it is recommended to continue to wait patiently. There is a possibility of a reversal after 58,000 stations. Support at 54200. The recent market situation is like this, it is difficult to do it overnight, it is exhausting, and the overall situation is dominated by shocks.
ETH:
The walk is relatively good, and there is a chance to oscillate strongly at a high position. ETH received 230 million views on Youtube, surpassing all cryptocurrencies, and it also shows that its mass base will not be too bad in the future.
DOT:
It rebounds after stepping back, and the probability of falling directly is not high. High shocks dominate.
XRP:
Oscillating above the 5-day line, hold it before breaking below.
LINK:
The shocking market has not been destroyed.
BSV:
Still have to grind, I stare a little, see when there will be another wave.
ADA:
High shocks. The founder said that all network upgrades will be completed in 2025. As a whole, it is still a long-term development team. It has the opportunity to occupy a place in the public chain. It is a long-term low-position configuration product. It is currently at a relatively high position and waits patiently for a callback before participating.
TRX:
Today’s rebound was quite fierce. Did Sun’s conscience find that he wanted to give everyone a chance to run the road? I don't believe it a little bit and don't play.
XMR:
Concussion.
ETC:
The Doomsday Chariot did not go well today. If it oscillates and rebounds at a high level in the short term, you can consider reducing your position.
FIL:
The rebound is still mainly to lighten up.
CFX:
Today, a round of DAO ecological governance is launched. One of the contents is about the requirement for investors to unlock in advance. This proposal basically has nothing to think about. The ass determines the brain. As a result, investors cannot be unlocked in advance. Compared with the previous unlocking The plan is more conducive to phased upwards, and voting means lock-up (locked quarterly), and the circulation will be reduced. Voting ends on April 15, and performance during the period should not be too bad.
Fluctuating the market, those who are able to play on their own, and those who are unable to move a bench to wait, anyway, the logic of the long-term bull market is still there, and the rest is left to time.
That's it for today, see you tomorrow.
Thanks for the info..