Today's happenings in the crypto world; Edition #2

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3 years ago

CryptoExplorers says

It was a shocking thing that the three major network cables were pulled together last night. It was the first time that the three exchanges had server crashes at the same time. This is enough to show how many people want to buy bottoms after the market has stepped back on 60,000. For the old leeks in the currency circle, they have long been accustomed to such things as unplugging the network cable, so they will also spread their funds in several major exchanges. This may also be the reason why the three major exchanges have been down. People found that Huobi cannot After the transaction, they rushed to OK, then squeezed OK, and rushed to Binance together, so they fell completely. Fortunately, the fluctuations during the downtime are not too great, otherwise a lot of rights defenders will emerge. For New Leek, everyone should be wary of such unpredictable risks. The currency circle can bring you unlimited returns, so there will be various risks. Risk and return are always proportional, so the money placed in the currency circle , It must be money that does not affect your life. As for those who use credit cards to speculate coins in madness, madmen can only say something for themselves.

The leader of Turkey's largest opposition party announced its support for Bitcoin and accused Turkish zf of cracking down on financial technology startups. At the same time, the Turkish court also filed a revocation lawsuit against the central bank's ban on Bitcoin, because the central bank of Turkey violated the "freedom of contract principle" and the ban should be cancelled. The script seems to be reversed again. This world is really interesting. We are in a huge wave of subversion. Every day is fresh and happy.

Robinhood and Coinbase have become the most downloaded apps in Apple's US app, leading the overseas version of Douyin, YouTube and INS. People are chasing profits. In the face of huge money-making effects, those entertainment activities can be abandoned at any time. This kind of action is not a good thing, a feature of the staged top.

Morgan Stanley has adopted two crypto funds. Investors can indirectly participate in cryptocurrency investment by purchasing funds, giving investors broader options.

HSBC said that it would prohibit customers from buying Coinbase stocks. This HSBC executives don't know what to think, so they are not optimistic about the future of the crypto world, and they are afraid that they will become the first banks to be revolutionized by the blockchain.

Bank of Brazil became the first state-owned bank to allow clients to invest in crypto ETFs. Even countries like South Africa and Brazil are quickly embracing cryptocurrencies. The wheel of history is rolling forward, and no one can stop it.

The Ark Fund once again bought $64 million in Coinbase stock. This fund is crazy optimistic about the future of the crypto world. It previously bought Tesla in a big way, but now it has a direct stake in Coinbase.

Canadian regulators have approved 3 Ethereum ETFs, all of which will be listed next Tuesday. The speed of the Canadian Securities Regulatory Commission is really fast enough. After the Bitcoin ETF went public, it quickly began to occupy the Ethereum market, and cryptocurrency gradually entered the mainstream world.

Ukraine will impose imprisonment on those who do not disclose crypto assets. This law is ruthless enough to prevent people from evading taxes and money laundering with cryptocurrency. Think about those civil servants who had 46,351 Bitcoins before, this decision is really necessary. The collision between tradition and revolution has just begun.

Dario, the founder of Bridgewater, once again reiterated that Bitcoin is valuable, but should be used to diversify investment portfolios. The person who is a hedge fund should be the best at asset allocation and the best at diversifying risks. At this time, he should listen to what he said. After all, the entire currency circle has entered a high-risk area.

The founder of Coin Bureau revealed his investment portfolio, Ethereum 30%, Bitcoin 27%, DOT9.34%, ADA8%, LINK4%. Big guys generally do not participate in small coins, but his ratio is enough to see that the most promising currency for people in many industries in the future is Ethereum, not Bitcoin. Let me give you a reference.

Tether printed another 1 billion U.S. dollars, which is really fast.

Market analysis

Bitcoin:

Bitcoin's market value accounted for another two-year low, reaching 52%. The lower the proportion, the closer we are to the end of the bull market. I thought the market would take a break in this position and then go up again. As a result, the small currency rose wildly and accelerated. The trend of catching up. This is a typical fish tail. The meat is very fragrant, but it is full of risks of ending at any time. If you want to participate in the market at this time, you must set a stop loss. Once the market trend does not match your expectations, you should immediately cut the meat and leave. This position Once trapped, one set will last for at least a few months, so the madman suggested that you should rest patiently at this time. The market's correction will start at any time, and the strategy of lightening up will still be the main strategy. Never expect to sell at the highest point.

ETH:

Failed to maintain the strength today, but returned to the weak channel of the big pie, indicating that the continued upward momentum of the market is weakening, and the short-term should be mainly to lighten up.

DOT:

I touched a new high, and it is currently the first one. As long as the market does not see a sharp correction, there will always be an inertial upsurge after the new high.

LINK:

The 5-day line is not broken, you can wait, but today is not super strong, if the risk appetite is low, you can get a little bit more.

BCH:

Yesterday night, I was forced to go up. The market sentiment is too strong. When it comes to the silly stage, whoever wants to pick it up will go.

LTC:

Mainly linkage.

BSV:

The needle is inserted upwards. If you can't get it back at night, you will reduce your position.

ADA:

The founder himself brags that billions of funds will flow into the ecosystem of the public chain. Just listen to this matter. The short-term move is not too strong, and high-level shocks are the main reason.

EOS:

Climbing up in small steps is driven by market sentiment, not by the main force.

XMR:

Concussion upward.

DASH:

Continue to make up for the increase frantically, the risks outweigh the benefits.

ETC:

It has reached a new high. These low-value currencies have been fired to the sky. It is really scary. It is still in a strong cycle in the short term. Let's hold the 5th line before it breaks.

ZEC:

Hold on the 5th line.

DOGE:

The bubble is too big, the market value has surpassed Barclays Bank and the Bank of New York, and it has doubled by 100 times in 106 days. This kind of hype will eventually collapse. It’s a game of drumming and spreading flowers. Whoever likes to fight the stupid will play it. I don’t understand. Try to touch as little as possible.

UNI:

High shocks.

Air coins fly wildly, speeding up to catch up, this is a proper stage of the final performance, I am afraid that it will be hard to escape next week.

That's it for today, I wish you all a happy weekend, the message area is closed, and we will see you tomorrow.

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