Go out of the mountain stronghold and lower the profits, do it.
火烈马
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The trade war drama has finally come to an end! China directly flipped the table and is no longer playing, the global market is in chaos! What impact does this have on the crypto space? Simply put, there are three points: 1. Global gamblers are ecstatic! (Clapping thighs) The trade war has caused the US stock market to crash every day, and Bitcoin has been dragged down as well. Now that a sudden ceasefire has been declared, those vultures on Wall Street immediately turn their guns around—Tesla's stock is soaring, gold is being dumped like trash, and all the funds are flooding into cryptocurrencies! Bitcoin surged 8% in 24 hours, this is a clear signal! 2. Old investors are overjoyed, new investors are taking over! (Mysteriously) This wave of operations in the domestic market is too crazy! The pressure of renminbi devaluation has suddenly dropped, the gates for cross-border capital flow have loosened, and the OTC market is on fire! The market cap of USDT soared by 5 billion in three days, and miners’ pressure to sell coins has significantly reduced. But remember—after a sharp rise, there must be a reaping! Retail investors who follow the trend should be careful not to be buried like chives in a box! 3. Hidden dangers! (Lowering voice) Don’t be fooled by appearances! The Americans are shouting to stop the war, but secretly they are ramping up chip bans, and tech stocks are still lying in the ICU. How far can this rebound of Bitcoin go? It all depends on the Federal Reserve's attitude! If they continue to raise interest rates in September, the newly lifted chives might be pulled out by the roots again! (Chugging a cup of tea) To summarize in one sentence: short-term surfing is exhilarating, but don’t get too carried away in the long run! For those with bullets, take the chance to go all-in on mainstream coins; those fully invested should quickly take profits from altcoins, this wave of dividends can only sustain for three days! #加密市场反弹 $ETH brothers, click to follow for timely updates on the latest news.
But everyone feels that restoring it will definitely not be satisfactory
Binance News
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Matrixport Lianchuang: This round of selling was caused by insufficient liquidity and CTA copycat trading, and the market is expected to recover soon
According to Golden Finance, Daniel Yan, co-founder of Matrixport, pointed out in an article that the current Asian market is overly sensitive to negative news and lacks independent thinking. This round of selling is a typical weak market caused by insufficient liquidity and commodity trading advisors (CTA) following the trend. The new tariff policy has limited impact on US productivity and inflation, and the market is expected to recover soon.
These coins are no longer being picked up by anyone. As a retail investor, you are spending high prices in the hundreds of millions or even billions to buy coins, while the project team fully unlocks and dumps their artificially created tokens to buy BTC, and then prepares to set up for the next new coin. It goes on endlessly and is meaningless.
Support only after buying well, oppose first if not bought well.
Binance News
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Microsoft Shareholders Vote Against Bitcoin Investment Proposal
According to Caixin, Microsoft's major shareholders voted against including Bitcoin on the company's balance sheet, arguing that it does not align with the long-term interests of shareholders. At the company's annual meeting on Tuesday, MicroStrategy Chairman Michael Saylor delivered a three-minute speech attempting to persuade Microsoft shareholders to support the proposal. His company has invested billions of dollars in Bitcoin, yielding significant returns. Experts believe that there is no guarantee that investing in cryptocurrency will enhance the returns of an investment portfolio. Microsoft's Deputy General Counsel Keith Dolliver stated during the live webcast of the shareholder meeting that the proposal was therefore rejected.