CryptoExplorers says
On the domestic weekend, the crowd of demons danced around, making people feel the crazy market. It has been a long time since small currencies have risen so widely. CryptoExplorers once thought that after 2018, they would never see this kind of crazy scene again. I didn't expect it to happen again recently. , It seems that in the bull market, both the value currency and the air currency will rise, but the value of the value currency rises in value. The air currency is to eat dumplings during the Chinese New Year. After eating it, you will have to wait for the next Chinese New Year. Today’s boom is mostly dominated by air currency, so it can be regarded as the dumpling market. In this case, it is recommended not to chase it casually, because it may hang on the top of the mountain after chasing it, and whether the next bull market can be solved is still a question mark. . If you want to be a dumpling eater, it's quite a leek stuffing, so choose your own.
Yesterday evening, news that Binance was investigated triggered a wave of diving. According to people familiar with the matter, the US Commodity Futures Trading Commission is investigating Binance because the exchange allows Americans to trade derivatives. Binance responded that Binance US has no derivatives business and is willing to cooperate with global regulators. At present, it is only an investigation, and there is no real hammer, so there is no need to panic. Binance is also studying whether to register with the US Commodity Futures Trading Commission. Binance, which has been wandering for 4 years, will take root as the U.S. becomes compliant. It’s a pity that China’s billions of taxpayers a year will be given away to the Americans. If you add Other exchanges are afraid of tens of billions of tax losses a year. If they are converted into GDP, they may even be trillions of dollars.
Musk and Tesla’s board of directors were sued for violating a tweet agreement reached with the SEC and ordered to be fined $20 million. Compared with the 10 hundreds of millions of dollars earned by others, 20 million dollars is of course OK. People's wishful thinking is so wonderful.
The selling pressure of Bitcoin miners has been declining since January. This data can also be clearly seen on the disk. Although the buying order is average, there is no selling pressure. Therefore, it has not fallen sharply. As demand continues to enter, small steps are climbing up here.
The French parliament collectively signed a petition to urge the central bank to buy bitcoin. This is a serious matter. If it can be implemented and causes all central banks to store bitcoin, then bitcoin will become another level of investment. At present, the total market value of cryptocurrencies has surpassed Canadian gdp, and may one day surpass China and the United States, and exceed the total global gdp. At that time, Bitcoin may be the universal currency of the galaxy.
The ceo of Insman Group said that he has doubled his bitcoin holdings, but the whole is mainly speculative. At the same time, MicroStrategy bought another 262 bitcoins yesterday, with an average price of 57146. This company is simply a fixed investment. No matter how much the price, I will continue to buy it. Long-term optimistic. The overall holding cost of this company is around 24,200 US dollars. I don't know anymore.
There are more than 8.9 million addresses holding 0.01 bitcoins, a record high. Most retail investors who trade bitcoins are on exchanges, so this data cannot represent the actual number of investors. According to reliable data, the number of global investors currently investing in cryptocurrencies has exceeded 100 million, the encryption industry has entered a new class, wait patiently for the participation of billions of people.
U.S. Treasury bond yields continue to exceed 1.5%, which is not conducive to the rise of risky assets.
The U.S. Department of the Treasury has begun issuing relief subsidies of US$410 billion (one of 1.9 trillion). Americans who meet the requirements this weekend will receive a subsidy of US$1,400. This part of the money will most likely be dumped by many old Americans. The circle is conducive to Bitcoin's breakthrough in key positions.
Market analysis
Bitcoin:
The daily line is now like this, and the probability of hitting a record high in the evening is increasing. Bitcoin is still being snatched and there is no selling pressure. Therefore, it is still mainly held. After the breakthrough, we will see if there will be a large amount of supply in the market. As long as there is no supply, Bitcoin will effectively stand up to 60,000. On the contrary, if it is smashed down as soon as it goes up, it is necessary to pay attention to the risk in the second half of March.
ETH:
The linkage pie is expected to fluctuate higher.
DOT:
Still oscillating in the high cabinet, there is a chance to oscillate upward.
XRP:
Ripple executives refused to submit personal financial records to the sec, and they were still arguing with the regulatory authorities, which was nothing good.
LINK:
It bottoms out and rebounds and is expected to rebound.
LTC:
The shock is higher, and today's capacity is insufficient, and the market outlook will likely rise and fall.
BSV:
Today, I followed the air currency to make up for a wave, but it still doesn't seem to be the beginning of a pulse market. You can observe it again.
ADA:
It bottoms out and rebounds and is expected to rebound in the short term.
XMR:
The shock is mainly upward.
ZEC:
It's not very good, but as long as it doesn't effectively fall below the 5-day line, take it first.
UNI:
Should not fall, it is still relatively strong, and there is the possibility of another new high.
SUSHI:
To set a new high again, as long as you stand firm today, there will be opportunities for further advancement.
FLOW:
The Kraken Exchange reported that customers have purchased $725 million in FLOW and continue to be optimistic about the nft track. It is really crazy. Today's level of strength seems to be going to new highs.
The madness of the air coin belongs to the stage of supplementary increase. After the supplementary increase, it means that the market will choose the direction. Whether it is the big pie with the younger brothers to continue to set new highs, or the pie with the pie, it depends on this weekend. In other words, this weekend determines the trend of the currency circle in the next 1-2 months.
That's it for today, I wish you all a happy weekend, see you tomorrow.
