US stocks plummet, while BTC maintains the 80K position. This can be seen as the value storage attribute beginning to take effect. BTC now indeed has the flavor of digital gold.
Since 2024, gold has surged, so is BTC, as digital gold, about to start a significant rise?
Let's wait and see, and I wish everyone to stay rational and achieve financial freedom amidst this foggy chaos.
Blockchain-dominated web3 is heading towards decline.
External factors: AI has replaced blockchain and has become the next hot trend. Investment institutions are shifting their focus to AI, and the crypto industry has lost its previous speculative frenzy and premium as the 'most promising cutting-edge technology.' Internal factors: Good projects cannot develop; only speculation remains, and even speculation is disappearing. The main way for crypto tokens to profit and grow is through trading after their launch, but when most tokens drop in value immediately upon launch, there are no investment or speculation opportunities, and consequently, no further development. This industry has completely turned into a harvesting ground for the big players; just look at Trump's coin issuance and the recent insider trading incidents to understand.
In this cycle, there shouldn't be a altcoin season.
In the last cycle, the limited number of cryptocurrencies saw speculative funds shift from BTC to altcoins, creating an altcoin season. This time, due to the massive emergence of low-market-cap meme coins on-chain, and the diversion of funds by spot ETFs. The speculative funds that originally flowed toward mainstream altcoins like ETH, DOGE, and PEPE are now being massively redirected towards these meme coins and ETFs. At the same time, the politically themed meme coins that Trump has prominently endorsed have stirred market excitement, further leading to a decline in liquidity in the crypto space.
Altcoins are no longer exhibiting the collective characteristics of rising and falling together; the so-called concept of 'altcoin season' has quietly disappeared, but there will be bursts in various altcoin sectors, such as RWA tokens achieving a 15-fold increase in this cycle, while other altcoin sectors have faced setbacks.
1. The Bitcoin reserves have been established, but they are all previously confiscated; 2. The U.S. federal government currently holds approximately 200,000 BTC; 3. The U.S. government will not sell these bitcoins in the next four years; (After four years, with a change of administration, it's hard to say) 4. Previous administrations have sold some bitcoins, resulting in losses; (That was done by Biden) 5. The U.S. will also establish a Crypto reserve; 6. The assets of the Crypto reserve come from fines and confiscations; 7. The U.S. government will not actively purchase any Crypto; Trump's promises before the election have been fulfilled. The question arises: Is the bull still around?
It's been a long time since I felt this way, the market is completely ignited, the casino has opened, going long makes money, chasing highs makes money, it all depends on whether you come and if you dare.
MicroStrategy announced an increase of approximately $2.03 billion to acquire 27,200 BTC, at an average price of about $74,463. MicroStrategy currently holds 279,420 Bitcoins, with a total purchase cost of approximately $11.9 billion, and an average purchase price of about $42,692. At 74K, MicroStrategy is still buying, demonstrating real strategic determination. In this round, MicroStrategy has bought from 20K to 75K; is this the pace to buy all the way to 100K??!
over the course of your life you will find that things are not always fair you will find that things happen to you that you do not deserve and that are not always warranted but you have to put your head down and fight fight fight never ever ever give up things will work out just fine As you travel the road of life, you will find that unfair things happen frequently, you will discover burdens that do not belong to you, pressing heavily upon you, many times it feels like a calamity! But you must lower your head and struggle! Struggle! Struggle! Never ever give up, everything will eventually brighten up.
Nick Tomaino, founder of 1confirmation, said on the X platform that if you are building or investing in cryptocurrencies, Ethereum is a contrarian investment and the right choice. So the question is, what is a contrarian investment?
This year, Musk's two recoveries can be recorded in human history. One is the successful recovery of the Starship. The dream of interstellar and intercontinental spacecraft travel can become a reality. The second is assisting Trump in returning to the White House. This eliminates political factors that are unfavorable to him, and even turns them into favorable factors.
Ethereum started with smart contracts at its core, and then supported decentralized finance (DeFi), becoming a platform for stablecoins and tokenized assets. Trust me, when platform products become the foundation, it is the time to ascend to the throne. Alibaba, Amazon, and Nvidia are all examples of this.
ETH is dead, memes should stand. ETH has no innovation, the glory of DeFi is gone. In terms of MEME, it cannot catch up with SOL, completely powerless. Is it the time, or fate?
Bitcoin is at 70,000 again, but altcoins' prices are not rising, including the auntie. Bitcoin will pull back again in a few days, and altcoins will pull back even more. If Bitcoin does this a few more times, altcoins will be left in ruins, there's no solution... Is this considered a bull market?
According to BlockBeats, on October 25, according to HTX market data, the ETH/BTC exchange rate fell to 0.03684, a 24-hour drop of 2.59%, continuing to hit the lowest level since the 21-year bull peak.