Technical Breakthrough: Bitcoin's price has successfully broken through the 200-day Exponential Moving Average (EMA) near $85,000, a level that has served as resistance multiple times since April 13. After breaking this key resistance level, Bitcoin continued its upward trend and is now above $88,000. Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) on the daily chart also show that bullish momentum is strengthening.
3. Impact of Market Sentiment: Recent statements by President Trump regarding cryptocurrencies, along with the weakening of the dollar, may have also contributed to boosting market sentiment to some extent, prompting investors to turn their attention to non-dollar assets, including Bitcoin.
$BTC Technical Breakthrough: The price of Bitcoin successfully broke through the 200-day Exponential Moving Average (EMA) near $85,000, a level that has acted as resistance multiple times since April 13. After breaking this key resistance level, Bitcoin continued its upward trend and is now above $88,000. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) on the daily chart also show that bullish momentum is strengthening.
3. Impact of Market Sentiment: Recent statements from President Trump regarding cryptocurrencies, along with the weakening of the US dollar, may also have boosted market sentiment to some extent, prompting investors to shift their focus towards non-dollar assets, including Bitcoin.
$TRX Just like Ethereum requires ETH as gas fees, any transactions on the TRON network, such as sending TRX, deploying or calling smart contracts, and using decentralized applications (dApps), require a small amount of TRX as transaction fees (also known as bandwidth and energy). 2. Network Governance:
Voting to elect Super Representatives (SR): TRX holders can stake their TRX and vote to elect 27 Super Representatives. These Super Representatives are responsible for verifying transactions, maintaining network security, and generating new blocks.
Institutional investors entering: ETFs provide a more regulated and accessible investment tool that can attract traditional financial institutions and large investors into the Tron ecosystem. These institutions are often constrained by investment mandates and regulatory requirements, making direct ownership of cryptocurrencies challenging. Increased convenience for retail investors: For ordinary retail investors, buying ETFs is simpler and more convenient than directly purchasing and managing TRX on cryptocurrency exchanges, and it may also be safer. They do not have to worry about complex issues such as wallet management and private key security.
As one of the world's leading cryptocurrency exchanges, Binance's security is crucial for user assets. Binance has been continuously working to enhance the platform's security, but users themselves also need to take necessary security measures to protect their accounts and assets.
Common security measures taken by Binance:
Multi-Signature Technology: Binance typically employs multi-signature technology when managing its cold wallets (offline storage of large amounts of cryptocurrency), which means that withdrawing funds requires multiple authorizations to complete, thereby reducing the risk of a single point of failure.
For Canadian investors, the Solana ETF offers a way to indirectly invest in the performance of Solana's price without the need to directly manage cryptocurrency wallets and private keys. This lowers the investment threshold and may attract those investors who are uncomfortable or unfamiliar with directly holding cryptocurrencies.
Proposed Ban and Stricter Restrictions: Despite the STOCK Act, concerns remain, leading to increasing calls for stricter limits on stock trading by members of Congress, or even a complete ban. Currently, both the House and the Senate have introduced multiple bills aimed at prohibiting or strictly limiting stock trading by members during their terms. These proposals typically suggest that members should place their investments in blind trusts or diversify their investments into broadly held mutual funds or exchange-traded funds (ETFs) to avoid potential conflicts of interest. Recent developments indicate bipartisan support for some form of a ban, with various committees discussing and advancing related legislation.
#特朗普国会演讲 hopes that all news about the future of the earth will be positive and proactive, bringing a good interaction between the virtual and the real.
#鲸鱼再次买入VIRTUAL Hearing this news is very noteworthy, but it still depends on the subsequent developments. If the cryptocurrency market really has more regulations and fair game rules, it can promote good development and prevent the emergence of some inexplicable coins that are essentially useless.
Recently, I have been concerned about the views of various countries' central banks on virtual currencies. Currently, they are all taking a conservative observational approach, which I think is good because the volatility is too great for anyone to handle. Therefore, it is necessary to establish some regulations and policies, which is the best way forward. Recently, I have also felt that it's either consolidating or experiencing slight rises or falls. Personally, I believe that virtual currencies may slowly enter a long observation period, and then develop regulations that align with the real situation and can achieve global applicability without affecting the economies of various countries. Only then could it potentially be universally adopted. But if that happens, what will be the position of the U.S. dollar's dominance? These are my personal views, and I welcome everyone to discuss.
According to reports from Yonhap News Agency and South Korea's Pioneer Daily, President Yoon Suk-yeol delivered an emergency statement at a press conference held at the Presidential Office in Yongsan, Seoul, stating, "I will announce martial law to eradicate pro-North Korean forces and maintain the free constitutional order." South Korean President Yoon Suk-yeol made an emergency statement tonight, announcing the implementation of an emergency martial law order, stating that this is to eradicate pro-North Korean forces and protect the free constitutional system. In his statement, Yoon pointed out that the National Assembly has proposed 22 impeachment cases against government officials since the current government took office, with 10 of them being proposed after the new members of the National Assembly were elected in June this year, which is an unprecedented situation in any country in the world. This time it may be serious.
This sudden drop in Bitcoin indicates that those who have made profits should quickly understand the situation because currently, information is being suppressed. The severity of this situation could affect the global economy, and virtual currency will certainly be the first to be impacted. Due to the high volatility of virtual currency, Bitcoin has been stolen in Japan, and currency fluctuations have widened in South Korea.
It is essential to be conservative because virtual currency has always been the most sensitive; any slight movement will be immediately known by the big whales. Small losses are still gains. Some news is so sensitive that even journalists dare not report it. I believe everyone knows this, so I won’t elaborate further. Wishing everyone caution during this peak.
After the Ethereum spot ETF is officially listed, how big is Grayscale's "potential selling pressure"?
After the Ethereum spot ETF succeeded in "breaking through", the price of ETH fell after a brief rise. At the same time, potential selling pressure on Grayscale, which owns millions of ether coins, has also caused market concerns. However, judging from the outflow of funds from GBTC, its selling pressure has been absorbed by other Bitcoin ETFs and has not had much impact on the price of Bitcoin. Original author: Nancy Original source: PANews In the early morning of May 24, as the 19B-4 forms of eight Ethereum spot ETFs were approved by the US SEC, it was only a matter of time before they were listed for trading. After the Ethereum spot ETF succeeded in "breaking through", the price of Ethereum fell after a brief rise. At the same time, potential selling pressure on Grayscale ETHE, which owns millions of ether coins, has also caused market concerns.
The profits of virtual currency are exhausted, how to deal with it next?
The virtual currency market fluctuates violently, and after the profits are exhausted, investors should pay attention to the following points:
1. Pay close attention to market news
Investors should pay close attention to market news to understand factors that may affect the price of virtual currencies. For example, the U.S. Federal Reserve's monetary policy, the Chinese government's regulatory attitude toward virtual currencies, and the investment trends of large institutions may have a significant impact on virtual currency prices.
2. Rational investment
Cryptocurrency prices fluctuate violently, and investors should invest rationally and not blindly chase prices higher. After the good news comes out, investors should be more cautious 3. Do a good job in risk management
I can’t predict where Bitcoin’s price will go in the coming week because Bitcoin prices are affected by many factors, including:
**Supply and Demand:** When the demand for Bitcoin is greater than the supply, the price will increase. vice versa. **Regulation:** Government regulation of Bitcoin may affect its price. For example, if a government bans Bitcoin, the price could plummet. **Economic Conditions:** When economic conditions are good, investors are more likely to put money into risky assets such as Bitcoin. This could cause Bitcoin prices to rise. **Market Sentiment:** Investor sentiment also affects Bitcoin prices. If investors are optimistic about Bitcoin, the price will rise. vice versa.
For these two days of virtual currency. and future trends
Recent cryptocurrency market performance On May 11, 2024, the price of Bitcoin (BTC), the world's largest virtual currency, was US$25,959.33, a decrease of 11.28% from May 9, 2024. Ethereum (ETH) price is $1,859.33, down 10.24% from May 9, 2024. Reasons for the recent decline in the virtual currency market The main reasons for the recent decline in the virtual currency market are as follows: The U.S. Federal Reserve (Fed) is expected to raise interest rates. Fed Chairman Powell said that in order to deal with high inflation, the Fed will raise interest rates by 50 basis points at the May and June meetings. Raising interest rates will tighten liquidity and put pressure on risk asset prices.
Bitcoin surges below $65,000 to analyze several reasons
There are several possible reasons why Bitcoin price rose above $65,000 on May 6, 2024: U.S. labor market activity is strong: The U.S. unemployment rate unexpectedly fell to 3.3% in April, lower than the expected 3.5%, indicating that the labor market remains strong. This may prompt investors to move funds into riskier assets such as Bitcoin. Expectations for Tech Revenue Growth Decline: Technology stocks have underperformed in recent months as investors worry about rising interest rates and the possibility of a recession. This could lead some investors to shift funds away from technology stocks and into other assets such as Bitcoin.
Since virtual currency is called virtual, does it mean the future? It really doesn't exist, or has no value.
The reason why virtual currency is called "virtual" is because it is a digital asset and has no physical entity. Different from traditional currencies (such as New Taiwan dollars, US dollars, RMB, etc.), traditional currencies are issued by the government or central bank and are legally protected by the government. Virtual currency is issued on the Internet through encryption technology and is not controlled by any government or institution. The value of virtual currencies depends on supply, demand and market confidence. If the demand for a virtual currency is greater than the supply and the market has confidence in it, its value will rise. On the other hand, if the demand for a virtual currency is less than the supply, or the market loses confidence in it, its value will fall.
Analyze the differences between Sol and Ethereum. And commonalities for future projections. Which one has more potential?
Both Solana and Ethereum are currently the most high-profile smart contract platforms, but they differ significantly in the following aspects: Consensus mechanism Solana uses an innovative consensus mechanism called Proof of History (PoH). PoH allows Solana to track the historical state of the blockchain without having to verify every transaction on every node. This makes Solana transactions faster and has lower transaction fees. consensus mechanism Ethereum currently uses the Proof of Work (PoW) consensus mechanism, but it is gradually moving to Proof of Stake (PoS). PoW is an energy-intensive and slower consensus mechanism, while PoS is more energy-efficient and scalable. Scalability
Reports on the surge in virtual currencies on May 4
The U.S. Securities and Exchange Commission (SEC) has approved the first Bitcoin spot exchange-traded fund (ETF). This is seen as a major endorsement for the cryptocurrency industry and may attract more institutional investors to the market. Rising inflation and rising interest rates have led investors to seek safe haven assets. Cryptocurrencies such as Bitcoin are often viewed as a hedge against inflation because of their limited supply. The dollar weakened. A weaker U.S. dollar makes U.S. dollar-denominated assets such as Bitcoin more attractive to investors holding non-U.S. dollars.