+ On the daily timeframe, altcoin market capitalization has formed a base between $0.95 and $1.25 trillion.
+ Currently, it is near the lower boundary of this range. Below this base, there is a strong support zone between $0.87 and $0.91 trillion, but Ngoc doesn't think we will reach that level.
+ Currently, the critical level is $1 trillion and I believe the capitalization will start to gain momentum in the near future.
+ Ethereum will certainly contribute to this (when ETF trading begins). Many altcoins will support growth, but not all of them ==> So it is important to determine exactly which coins are worth investing in.
With the above comment, the T7 market will recover, but this is just a personal opinion (for reference).
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- Record net profit ~ $2.85 billion, of which ~ $1 billion profit comes from US Bonds, the rest is due to Gold and Bitcoin price increases
-Total profit for the whole year 2023 is $6.2 billion
- The company holds $97 billion in assets, guaranteeing 91.5 billion USDT issued to the market
- In $97 assets include: $80.3 billion US bonds, $3.5 billion Gold, 66,465 Bitcoin ~ $2.8 billion and $5.6 billion other assets
- The company spent $642.5M in Q4 to invest in areas such as: Bitcoin mining, clean energy, data, AI infrastructure and P2P telecommunications technology