CryptoExplorers says
The Monetary Authority of Singapore warns of risks and believes that investing in cryptocurrencies is not suitable for retail investors. The prices of most cryptocurrencies are affected by speculative fluctuations. The Monetary Authority will pay attention to the development of cryptocurrencies and regularly review their suitability. Singapore's risk warning has also come. This small country has always been a country with very financial freedom. Now it is also a reminder of risks. It is worthy of our attention. For speculative currencies, maintaining a calm heart is a mature move.
The Indonesian Revenue Agency is considering taxation on cryptocurrency transactions. The cake is too big. The trading volume of crypto exchanges in many countries exceeds that of the domestic stock markets, and everyone is making money. Which zf can not be jealous? Global taxation is only a matter of time. By then, we will be the regular army in the financial industry.
UBS is studying ways to provide cryptocurrency investment to the wealthy. Financial institutions in various countries have the same attitude. High-risk products are first opened to the rich for investment, because they have the ability to bear it and will not cry and hang themselves because of a loss.
The number of active Ethereum addresses hit a record high, reaching 7.94 million. Investors running into the market are still very fierce. The Ethereum Gas fee has once again entered a very high state. It takes about 200 US dollars to transfer an account on the chain, which shows the crazy market sentiment.
U.S. Nebraska allows local banks to provide cryptocurrency services. Some relatively backward states in the United States have begun to fully accept cryptocurrencies. The popularity of cryptocurrencies in the United States is much higher than other countries. U.S. investors have fully entered the era of cryptocurrency.
The CEO of CryptoQuant believes that some institutions will soon buy Bitcoin, such as Facebook. Since February of this year, Bitcoin has been hoarding Bitcoin in the range of 48,000 to 60,000, and about 154,000 Bitcoins have flowed into multiple cold wallets from Coinbase. The more important data here is the purchase of 150,000 bitcoins in high-end institutions, indicating that the future of bitcoin is still deterministic. Yesterday Zuckerberg named his goat "Bitcoin", combined with the words of the boss, would it be an early signal?
Urban Tea, the parent company of Mingyuntang, a Chinese tea company, announced that it accepts Bitcoin, Ethereum and Dogecoin as payment. This seems to be the first domestic-related company to accept cryptocurrency payments.
Tether printed 2 billion banknotes, and the speed of capital entry is still okay.
The gray-scale GBTC and ETHE discount rates reached -18.88% and -10.37%, respectively. Let’s not talk about the continued high discounts of Bitcoin. This time ETHE was also smashed, indicating that the organization believes that Ethereum will also usher in a period of adjustment in the short term. .
Market analysis
Bitcoin:
Judging from the overall market status, the funds for the Crazy Zoo and ICP diversion mainly come from the previously skyrocketing junk mainstream coins, rather than the value mainstream. Therefore, we can see that the decline of Bitcoin and Ethereum is significantly smaller than other mainstream coins on the market today, so There is a high probability that Bitcoin will continue to oscillate on high platforms in the market outlook, while the junk mainstream currency that has skyrocketed in the early stage will continue to be weak and callback, and it is not suitable to participate.
ETH:
At present, it has not effectively broken below the 5-day line, so it is still mainly held by the upward trend. Centralized exchanges have reduced the number of Ethereum to its lowest level since 2019. The fewer exchange tokens, the harder it is to hit the market.
DOT:
High volatility, continue to wait to make up the rise, there is a certain rebound in short-term expectations.
XRP:
High volatility is the main factor, the daily line is long and the shadow is not high, and the panic selling pressure is not large, and there is a rebound expected.
LINK:
Basically fell below the 5-day line, short-term anti-drawing the 5-day line can be considered first.
BCH:
The trend of high volatility remains unchanged.
LTC:
The decline is a bit large, so consider lightening up when rebounding.
BSV:
After the upward attack, the market is directly brought down, indicating that the financial strength is not strong, or there is a lot of intentional inducement, and it should be avoided in the short term.
ADA:
The decline is relatively small, and there is still a chance in the market outlook.
EOS:
The fall is relatively large, and the upper holding plate increases, and there is a high probability that funds will continue to flow out.
XMR:
It was previously suggested to lighten up at a high level, and it will continue to fluctuate weakly in the short term.
ETC:
The decline is large, and it is expected that funds will continue to flow out.
DOGE:
The Google Index showed that the public’s interest in Dogecoin surpassed Bitcoin for the first time. Dogecoin has become a global phenomenon. Musk has contributed. This afternoon he launched a vote on Twitter to see if Dogecoin can become a Tesla. Payment method? In any case, there are already a lot of chips stuck at the top, it is difficult to make a new high in the short term, and the shock is the main thing.
Goldman Sachs executives resigned because of Dogecoin's richness. It is estimated that many investors in China have become rich because of the speculation of the dog feces portfolio. I only hope that those who are rich can know how to delay enjoyment and use their cognition to hold this lucky wealth. .
UNI:
High shocks dominate.
The basis for the continued collapse of the overall market does not exist, mainstream coins will continue to fluctuate more, and the gambling speculation of speculative coins still exists. Only when they are broken can the market have a chance to strengthen again.
That's it for today, see you tomorrow.
