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The announcement of the US seasonally adjusted CPI index tonight will affect the trend of Bitcoin
It is normal for BTC and ETH to fall today. There will still be a correction in the past week. It is only a matter of time before it turns better. There is no need to worry too much about a big reversal in the market.
There is no need to rush now that there is no support. The Asian region will support this market next, because the Hong Kong Securities and Futures Commission urgently updated the list of virtual asset management funds on April 10, and the purpose is also very simple.
The purpose is to announce the list of the first batch of Bitcoin spot ETFs in Hong Kong on April 15.
The Hong Kong Stock Exchange needs about 2 weeks to prepare for product listing and other matters. It is expected that around April 25, no later than the end of April, Hong Kong will list the first batch of Bitcoin spot ETFs.
This provides investors with more diversified investment options: Unlike the United States, which is limited to "cash" subscription and redemption, the Hong Kong Bitcoin spot ETF will adopt a variety of subscription and redemption methods of cash and physical objects, providing investors with more diverse investment tools and driving more liquidity!
So there is basically a big narrative at the end of the month. Maybe June will usher in a violent bull market as many people imagine! Asia will also follow suit!
As the leader of crypto, holding Bitcoin can outperform 95% of assets after a round of market, but people are still not satisfied with the status quo and hope to give Bitcoin more. Compared with other public chains, Bitcoin has problems such as slow transaction speed, long confirmation time, expensive transaction fees during congestion, and limited smart contract functions, and cannot directly build complex applications.
Bitcoin Layer2 is an additional layer built on top of Bitcoin to increase transaction speed, reduce transaction costs, and increase scalability. It achieves these goals by processing transactions and saving intermediate states off-chain. This can speed up transaction confirmation, reduce transaction fees, and increase the capacity and throughput of the entire system. Layer2 aims to improve the performance of Bitcoin and make it more suitable for a wide range of applications.
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