The short-term trend of BTC is mainly characterized by fluctuations and adjustments. Recently, U.S. CPI data, employment market reports, and expectations for Federal Reserve interest rate cuts have become the focus of the market. If inflation data exceeds expectations or the risk of economic recession increases, it may suppress BTC prices; conversely, if expectations for interest rate cuts heat up or risk aversion sentiment rises, it may support prices. - Currently, BTC prices fluctuate in the range of $80,000 to $85,000, with short-term support at $80,000 and resistance at $84,000. If it breaks below the support, it may further dip to $76,000; if it breaks above the resistance, it may regain upward momentum. Recently, outflows from BTC Spot ETFs have intensified selling pressure, but inflows of stablecoins have somewhat alleviated the pressure. Market sentiment is in the "extreme fear" range, and we need to wait for a reversal in the trend of capital inflows. $BTC
Currently, Binance Futures is conducting the World Large Contracts Championship. Participants only need to open an account on the Binance platform and trade futures during the competition period to have a chance to win generous rewards. Since its inception, Binance Futures has gained global recognition for its high-quality derivatives trading platform.
This Binance Futures Championship is a competition for all investors to showcase their trading skills. The competition is rich and competitive, attracting the participation of many top international traders. The competition will allocate rewards based on various rankings such as investment income, team income and treasure prize pool.
Defeat other players, prove your trading prowess and divide the territory between brothers. During the competition, all investors will have the opportunity to obtain rich reward ores and special players.
Participants need to conduct transactions with actual funds within a fixed period of time to compete with other participants. All transactions will be notarized in real time on the Binance platform, and the income of all contestants can be clearly seen. The champion will receive a grand prize, and the top ten players and their teams will also receive generous rewards.
In the Binance Futures Championship, whether you are a lone wolf or a team player, you have the opportunity to win generous rewards. In addition, by participating in competitions, investors can improve their trading skills and capture more investment opportunities. The Binance platform will provide a safe, efficient and fair trading environment for all contestants.
This competition is a major test for investors' trading skills. Both novice and experienced investors have the opportunity to show their strength and fully prove their trading strength. At the same time, it also provides everyone with an opportunity to compete with other outstanding investors on a global scale.
In general, the Binance Futures Championship not only allows you to gain rich wealth, but also improves your trading skills. #币安合约锦标赛
JTO full token economics, including an overview of the core contributor supply allocation
JTO Complete Token Economics is a digital currency based on cryptography that securely stores and exchanges other information in a decentralized manner. The system management of JTO’s complete token economics is driven by algorithms and mathematical formulas, a mechanism that enables a variety of business models and economies of all sizes to run smoothly. JTO's core contributor supply distribution is mainly concentrated among three groups: developers, miners, and investors. Developers are the designers and promoters of JTO. They invest a lot of energy and time in developing and continuously optimizing the algorithms. Miners are the generators and maintainers of JTO. They compete with other miners for mining rewards by providing computing power, verifying and recording transactions. Investors are buyers and investors of JTO. They obtain JTO through market economy, have confidence in the future value of JTO, and choose to hold and invest. JTO’s token economics model distributes wealth to those who contribute to the network through a unique supply distribution method. This supply distribution method is based on a fair principle, that is, the more you contribute to the network, the greater the rewards you can obtain. Through the incentive mechanism, JTO attracts developers, miners, investors and other types of people to participate in its network construction, thereby enhancing its value and realizing its economic operation. This design makes JTO a sustainable digital currency. In general, JTO complete token economics uses a decentralized approach to incentivize contributors and attract more people to participate, so that its value can be accumulated and improved, and its long-term stable operation of the economic system can be achieved. #JTO
In the financial world, a new phenomenon is reversing people's common perception - digital currency. They have redefined the way money is stored, traded and invested in a completely new form, while also bringing many impacts to the global economy and our lives. Among them, Bitcoin, the most influential one, is the banner of this novel financial phenomenon. The birth of blockchain technology makes decentralization possible. It has completely changed the way currency issuance was controlled by banks and governments in the past, allowing every participant on the network to participate in the generation, transaction and verification process of digital currency. middle. The existence of digital currencies like Bitcoin means huge opportunities for the global economy, but it also brings challenges and risks. The borderless feature opens up barrier-free transactions around the world, and a large number of investors are attracted by the high returns here. However, digital currencies are also subject to extremely high levels of volatility and risk. Especially as the conflict with the traditional financial system becomes increasingly acute, governments around the world have become increasingly strict in regulating digital currencies. As a new market, the currency circle is a mixed bag, with speculators, manipulators and ignorant people all competing in it. Many people try to find a way to get rich quickly from this market. However, this market is not a simple speculation and gambling. It requires in-depth technical understanding, but also a rational investment philosophy and patience. In general, digital currency is a financial evolution that coexists with trends and risks. It may reshape our understanding and cognition of currency, transactions, and investments. As investors, we need to look at this new thing rationally. We must be aware of the opportunities it brings, and we must not ignore the risks behind it. Only in this way can we keep our wealth in the turmoil of the currency circle. #BTC #etf
Highlights for October 19th: 1. The chairman of the U.S. SEC said it is still weighing the proposal for a Bitcoin spot ETF. Some analysts pointed out that the approval of the Bitcoin spot ETF may increase the market value of the cryptocurrency by US$1 trillion. 2. Invesco and Galaxy have updated their spot Ethereum ETF applications. There are currently five Ethereum spot applications. 3. Fed Williams: Interest rates need to be kept tight for a period of time, predicting an interest rate cut next year. 4. Tesla did not sell Bitcoin in the third quarter, and its Bitcoin holdings remained unchanged for five consecutive quarters.
News 10/12/2023: 1. Ark Investment submits an updated version of the $Bitcoin$ spot ETF prospectus.
2. Standard Chartered Bank: The price of $Ethereum may rise to $8,000 by the end of 2026.
3. Glassnode: Long-term Bitcoin holder currently holds over 14.85 million $BTC $, an all-time high.
4. Fed Governor Waller: Inflation data over the past three months are "very good" and the Fed has reached the expected good inflation level.
5. K33 Report: Regardless of whether the U.S. Securities and Exchange Commission appeals the Grayscale case this Friday, it will trigger a strong market reaction.
According to a research note from JPMorgan analysts led by Nikolaos Panigirtzoglou, Grayscale’s recent victory suggests that the SEC may be forced to approve pending Bitcoin spot ETF applications from various asset managers, including Grayscale, The Block reported.
You can pay attention to these important time points in September! 【1】Non-agricultural data released at 8:30 pm on September 1 【2】9.2 9.3 SEC makes decision on ETF application 【3】9.6 SEC makes decision on ETFs 【4】9.13 Announcement of August CPI 【5】9.21 at 2 a.m. The Federal Reserve announces interest rate hike and delivers a speech 【6】September 29 quarterly contract delivery, the United States announced the August core PC
According to the Financial Associated Press, Chen Maobo, Financial Secretary of the Hong Kong Special Administrative Region Government, published a blog on August 27 that Hong Kong is striving to grasp the development opportunities of digital entertainment and Web3.0 (third-generation Internet). Hong Kong Cyberport has gathered about 170 digital entertainment companies and more than 180 Web3.0 related enterprises. The SAR government will actively lead and drive the development of related industries under the premise of prudent and appropriate supervision. Chen Maobo said that the application of Web3.0 technology is not limited to digital entertainment or virtual assets. The core blockchain technology of Web3.0, with its characteristics of disintermediation, security, transparency, immutability and low cost, can be applied to many fields such as finance, commerce, trade, supply chain management, and daily life to solve many problems. Pain points and difficulties in reality.
Chairman of the U.S. Bitcoin Foundation: The reason for Bitcoin’s decline may be the rise in U.S. Treasury bond yields Bitcoin had a frantic 24 hours last week, snapping back a week of losses with a slight recovery on Friday after a wave of negative headlines and rising bond yields pushed prices to the $25,000 level. The largest cryptocurrency by market capitalization fell for a sixth day in a row, shedding more than 11%, according to Dow Jones data. Much of the speculation on the cryptocurrency's drop in volatility came after Musk's Space Exploration Technologies wrote down $373 million in bitcoin late Thursday. While Brock Pierce, chairman of the Bitcoin Foundation, said the report may have contributed to the sell-off, he also pointed to a factor that could have had a bigger impact: rising U.S. Treasury yields. He pointed out that there are a lot of other things that are said to be underlying the broader market, such as rising interest rates. Why take the risk when you sit back and watch, the government is paying high yields, but when you know the government will pay high yields, and people are switching from riskier investments to safer fund-like investment products? .
F2Pool Lianchuang Wang Chun bought 24 BAYC half an hour ago On August 22, according to Blur data, F2Pool Lianchuang Wang Chun began to buy a total of 24 BAYCs half an hour ago, and the total cost of this batch purchase was 574.1 ETH. As previously reported, on-chain data showed that the address of "Big Brother Maji" Huang Licheng spent 390.68 ETH to purchase 17 BAYC through Blur today.
Sei cross-chain airdrop collection is suspected to be suspended, the longest has been stuck for about an hour# According to news on August 17, many community users reported that there was a lag when claiming the Sei airdrop on the Pacific-1 webpage. The page stayed $ at Step 3 for a long time, and the claim could not be completed smoothly. According to previous news, Sei has released the Pacific-1 mainnet Beta version, and applications for Sei airdrops are open.