We will provide you with valuable and interesting news from the crypto world.
Author: Bit Village Chief
Capital preservation, capital preservation, capital preservation.
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Market dynamics yesterday
1 - The four major banks have all lowered the RMB deposit interest rate, with the largest drop being 25 basis points
2- SEC delays approval of multiple Solana ETF applications, stating more time is needed to evaluate legal and policy issues
According to Decrypt, the U.S. Securities and Exchange Commission (SEC) announced on Monday that it would delay its decision on multiple spot Solana ETF applications submitted by 21Shares, Bitwise, VanEck, and Canary Capital. The SEC stated in its regulatory filing that it needs more time to digest the legal and policy issues related to these applications.
3- U.S. listed company DigiAsia plans to raise $100 million and will use 50% of its profits to purchase Bitcoin
According to crypto KOL Pete Rizzo, U.S. listed fintech company DigiAsia plans to raise $100 million and has committed to using 50% of its profits to purchase Bitcoin.
4- Bybit announces the launch of USDT direct trading for global stocks, bridging crypto and traditional finance.
5- Circle: Sony Singapore's online store now accepts USDC payments
6- JPMorgan CEO: Will allow clients to purchase Bitcoin, but will not provide custody services
According to Jin10 data, JPMorgan (JPM.N) CEO Dimon stated that they will allow clients to purchase Bitcoin, but will not provide custody services.
BTC Market
Bitcoin is still $2000 away from the new high of 109500. After breaking the new high, it will attract a new wave of speculators. The Chief still believes that this year will see a surge to 150,000. The real bull market is still on the way. For Bitcoin, it is never too late to buy; you just need to sell late enough (years later).
Ethereum
2300 is a strong resistance level for Ethereum, which has now broken through. After testing twice, we believe the pullback is successful. Those who missed the first wave can continue to add positions. The upper resistance level is 3000, with a medium-term target of the previous high at 4000.
In conclusion
Please always remember that only a few people can make money in the cryptocurrency market, and the vast majority are losing money.
As the bull market arrives, one must understand who makes money in the bull market and who provides the money. A major bull market is a significant transfer of wealth, and more likely it transfers your limited money to others. Retail investors should be in awe of the bull market.
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