Xiao O says cryptocurrency daily, today let's talk about Bitcoin
This cryptocurrency is familiar to everyone, a popular and mainstream coin in recent years. The recent fluctuations of BTC have been very intense, surging to 117397.4 on August 22 due to Powell's speech; on August 25 it plummeted to 108666.66 with a sharp correction, and the market saw liquidations of about 206,000 people, overall dropping nearly five hundred points. After discussing the recent market situation, let's talk about the history of this coin. BTC is the first decentralized cryptocurrency, with a total supply capped at 21 million coins. It enables peer-to-peer transactions through blockchain technology and is known as "digital gold".
Now, let's discuss Xiao O's current outlook on the future trend of BTC: the market is expected to see high-level fluctuations, significantly influenced by the movements of big whales and Federal Reserve policies. If it can stabilize above 118,000, it will open up upward space; if it falls below 108,000, it may face a deep correction. Opportunities and risks coexist, so a cautiously optimistic approach is advised, keeping the right rhythm.
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