Essential for Cryptocurrency Experts! Three Laws to Transform You into an Investment Master
First Law: Consolidation Breeds Power, Explosion is Imminent!
Friends in the crypto world, listen up! When a cryptocurrency remains inactive for a long time, don’t rush to sell! This is the market quietly gathering strength! Consolidation is a psychological game; only the warriors with steadfast belief and ample patience can laugh last. When the time is right, it will charge forward like a wild horse, soaring to the skies!
Second Law: The Bottom is an Opportunity, Rebound is Just Around the Corner!
After such a long decline, feeling anxious? Don’t be afraid! Let me tell you, reaching the bottom is a signal for a rebound! Continuous decline is just the market quietly positioning itself, preparing to make short-sighted and panicking investors regret it. Remember, opportunities often lie hidden in the valleys, waiting for you to discover!
Third Law: Don’t Rush After a Surge, Pullback is the Market’s Gift!
Oh my, this cryptocurrency has surged too much; do you feel it has peaked? Don’t rush! A pullback is on the way! The rise is for profit, and the market won’t let you earn endlessly. So, if it has risen a lot, patiently wait for the pullback; this is the market giving you a breather!
Survival Rule in the Crypto World: Keep a Long-Term Perspective and Uphold Your Beliefs!
To thrive in the crypto world, you need a long-term perspective! Don’t be blinded by short-term gains and losses. Want to make big money? Then don’t easily admit defeat; uphold your beliefs and faith! Remember this saying: When others are fearful, I am greedy; when others are greedy, I am fearful. Only by doing this can you become a true king in this world of opportunities and challenges!
Continuously Improving Yourself is the Key to Longevity!
Finally, don’t forget, no matter which cryptocurrency, it’s those who lack preparation and understanding that get burned. On the surface, it seems like the weak are being cut; in reality, it’s your understanding and mindset that are being severed. Therefore, enhancing yourself and continually learning is the fundamental way for you to maintain a long-standing position in the crypto world!
Adding positions with floating profits: a miracle accelerator in the investment world, getting rich overnight or stopping at the brink?
Adding positions with floating profits is an investment secret that allows funds to expand rapidly, that is, adding investment on the basis of profits. Imagine that after investing in luna coins and tasting the sweetness for the first time, would you consider adding more fuel to the fire?
The first time you make a profit from investing in luna coins is the best time to add positions. Continue to invest, and if the price continues to rise, the profit will increase like a snowball. But don't forget that the market is like a battlefield, and risks coexist.
Before adding positions, go deep into the market, analyze indicators, and gain insight into dynamics. Misjudging trends and blindly adding positions may lead to a complete loss. Accurate judgment and risk control are the two magic weapons for adding positions.
Adding positions is not gambling, and you need to make prudent decisions based on your own risk tolerance. Set an upper limit on the proportion of adding positions, so that even if the market changes suddenly, you can respond calmly and the loss is controllable.
The market is ruthless and the trend is unpredictable. Set a stop loss point, and once it is touched, take immediate action to prevent the loss from expanding. Stop loss is the last line of defense to protect profits.
Adding floating profits, high returns come with high risks. Only by deeply analyzing the market and strictly controlling risks can we move forward steadily and reap full rewards. On the road of investment, wisdom and courage are equally important to go further.
Cryptocurrency carnival! Select leading coins to lead the trend of making big profits!
The bull is coming but you don’t know which coin to ambush? There is a simplest and most practical way, that is You can select leading coins from various sectors and diversify your investments. MEME Coin In this interesting and topical field, currencies such as doge, shib, pepe, floki, etc. have attracted much attention, and bonk has also attracted the attention of many investors with its unique charm. A Plate Coins such as agix, wid, fet, ai, nmr, etc. have shown strong growth potential in the A-sector and are choices that investors cannot miss. Public chain sector As the leaders in the public chain field, ETH, BNB, SOL, MATI and other currencies not only have outstanding technical strength, but also occupy a pivotal position in the market. FTM, ADA, AVAX, DOT, ATOM and others are also worth paying attention to.
Grasp the following codes for getting rich! Get ready to make a lot of money
Shib
The price soared by 20%! The market value ranks second. The inverted head and shoulders pattern is emerging, and the bullish signal is strong. Seize the opportunity and welcome the 13.5% upside potential!
Uni
Exchange supply fell sharply by 5.8%, and selling pressure eased. The upward trend line is clear, and the bullish momentum is strong. Join UNI and share the bull market feast!
PEPE
25% increase, unlimited potential! Wallets increased their holdings by 450 billion, and the market is full of confidence. Above the 200-day EMA, buyers are in control. PEPE, your new choice for wealth!
IMX
Stable recovery within the wedge, obvious reversal signal. The price rebounded to $1.52, and a breakthrough is imminent. Immutable X, your new investment favorite!
WLD
The arc bottom pattern appears, and the reversal is imminent! The 24-hour active addresses surged, and the market heat rose. Breaking through the resistance of $2.17, WLD leads a new trend!
Three days ago, SUI hit a new high of $2.368, and then pulled back to $2.0892, equivalent to a drop of 11%. If it falls below $2.03, it may fall to $1.9.
SUI is hot again, L2 chain investment opportunities?
SUI has heated up again recently, attracting attention.
Short-term good news has been frequent. Many investors are optimistic about its potential.
SUI is still a niche, and the ecosystem needs to be improved. The project and user base are limited.
There is a chance to rise in the short term, and funds and heat need to continue. In the long term, it is necessary to attract developers and users to create influential projects.
Short-term investors: pay attention to market sentiment and seize opportunities. Long-term investors: worth hanging!
In one day, the gains of one month were wiped out. Can we buy the bottom now?
Who remembers the story of wing?
Price crash alert! The gains of one month were wiped out in one day, and the 68% drop shocked the market! The drop was 81% in just two days. What to do next?
A big sell-off shocked the crypto circle! Three wallets (suspected to be the same boss) frantically sold 866 million REEF$REEF to #HTX, #KuCoin, and #Gateio, and instantly cashed out $2.07 million, but it was reported that they directly lost $2.53 million
Now look at their hands, there are only 89.45 million REEF$REEF left, which is barely worth $204,000, and there is still a paper loss of $270,000!
Break through the trading fog! A calm strategy helps you get out of trouble!
Seek a way out of the intricate trading fog! In the face of market volatility and uncertainty, a calm strategy is the key to help you steadily get out of trouble! Specific operations:
Observe market trends: If the overall market trend is opposite to your position, don't worry, it may be a problem with the market environment.
If individual currencies are abnormal: Your currency rises and falls alone, it may be its own problem, so be especially careful at this time.
When the market fluctuates greatly: The currency price fluctuates up and down, wait patiently, don't make a move easily.
DCA strategy: If you have confidence, buy in batches, if you don't have confidence, sell in batches, and respond flexibly.
Stop loss point setting: Don't panic if you set a stop loss, adjust it if you have confidence, and don't let emotions dominate your decision.
Read less messy information: Don't let various voices on the Internet disturb you, keep a clear mind.
Seek help from professionals: When you can't make up your mind, ask an expert, but remember that the final decision should be suitable for you.
Wait patiently: The most important thing is to wait patiently for the best time and not make mistakes due to impulse.
The Middle East is in flames! Countdown to the "Armageddon" between Israel and Iran
The situation in the Middle East is heating up rapidly, and Israel's plan to counterattack Iran is on the verge of happening. It is said that it may be staged before the US election! The war is shrouded in dark clouds and the atmosphere is tense!
Israeli officials revealed that the counterattack will accurately target Iranian military targets, while oil and nuclear facilities will be safe. This is to give Iran an unforgettable "military lesson"!
Hezbollah behind Iran is not to be outdone, threatening to either cease fire or endure more pain! If the situation escalates further, the war may burn to southern Israel, and the situation is worrying!
In the face of Hezbollah's threats, Israeli Prime Minister Netanyahu did not give in and directly refused to unilaterally cease fire. This conflict is destined to have more twists and turns!
Israel's attacks in Lebanon have exceeded 10,000, and incidents continue. Recently, the southern suburbs of Beirut were also attacked, and people were panicked!
Israel not only has to deal with the tension in the Middle East, but also has to bear the pressure from the United States. The United States requires it to improve the humanitarian situation in Gaza, otherwise it will face more accusations.
The escalation of this conflict not only affects the nerves of the Middle East, but may also have an impact on the global market. The energy and defense sectors may feel tremendous pressure, and investors need to be vigilant!
Come and pay attention to this Middle East drama! See who can laugh last and become the ultimate winner in this war-torn contest!
A must-read for cryptocurrency novices! Seven amazing traps you must know to achieve stable profits
In the cryptocurrency world, how many people have become rich overnight, and how many have lost their fortunes? There must be a way to make stable profits. There are many "traps" and you must be careful. But as long as you avoid these pitfalls, success is waiting for you not far away.
The cryptocurrency circle is hot on social media, don't rush to follow the trend of "going to the moon". Study calmly, wait for the right time before taking action, and let the data speak, don't let fear dominate you.
It is easy to buy and difficult to sell, which is a common mistake for novices. Set a profit target and use a stop loss order to protect capital. There must be a clear exit plan in the short and long term.
High leverage seems to have high profits, but it is actually risky. The crypto market is volatile, so novices should be cautious. A stable small profit is better than losing all at once.
Don't put all your eggs in one basket, and the same goes for crypto investment. Diversify your investments to reduce risks and look for more opportunities to make money.
Don't forget safety when you are eager to make money. In the crypto world, asset protection is the most important. Use a secure wallet, enable two-factor authentication, and be wary of phishing links.
The crypto market is volatile, so it is important to control your emotions. Panic selling or greedy buying are the beginning of losing money. Stay calm and act according to your plan.
There are many temptations in the market, so don't over-trade. Over-trading will result in high fees, lost opportunities, and may even exhaust yourself. Be patient and wait, sometimes the best strategy is to do nothing.
Crypto trading has both opportunities and risks. Avoid traps and grow steadily. Stay patient, do research, and long-term success is the goal. Come on!
Surprise! Master these seven skills, contract trading will be liquidated? Almost non-existent
Brothers and sisters who like to do contracts, if you want to avoid liquidation, you must remember the following points:
Don't think about getting rich or losing all at once. Cryptocurrency trading fluctuates greatly, and high leverage has higher risks. 90% of the time, you may be liquidated. Keep your mind steady and take your time!
After continuous losses, don't rush to place a large order to get your money back. The more anxious you are, the more money you lose. Calm down, adjust your mindset and then make a move.
Borrowing money to trade cryptocurrencies is stressful, and you are reluctant to stop losses. In the end, you may even lose all your principal. Use your own money, and your mentality will be more stable and your operations will be more relaxed.
Don't rush in when you see the market rising, and don't look at the support and resistance levels. If you enter, you will lose money. Make a good trading plan and see the market clearly before making a move.
The transaction fee is not cheap, and the principal of frequent transactions is given to the exchange. Be patient and wait for opportunities and strike accurately.
Fund management is very important. You must ensure that the funds can be traded continuously in the market, and don't lose all at once. Allocate funds reasonably and invest steadily.
You have to make a trading plan, it can make you win more and lose less in the market. For example, take out 1% of your account funds to open a small order each time, increase your position when the market is good, and stop loss in time when it is bad. In the long run, minimize losses and maximize profits, and your account will be able to gain a firm foothold in the market!
Cryptocurrency investment secrets! Master five tricks to help you achieve class leap
If you are still operating blindly and can't see the direction clearly, read the following content carefully:
1. Low-level layout
In the cryptocurrency circle, avoid chasing highs and buy potential currencies at low levels. As long as the currency is not junk and has not been delisted by mainstream exchanges, the rising market will always come. Be patient and wait. Low-level layout is the cornerstone of stable investment.
2. Medium and long-term holding
For spot investment, the advantage of retail investors lies in time. Frequent short-term operations are not recommended, but attention should be paid to the low points of weekly and daily lines. After buying at the right time, wait patiently for medium and long-term returns.
3. Selected concentrated investment
When funds are limited, select no more than three potential currencies for investment. Focus on these varieties to improve investment efficiency. The probability of doubling of high-quality varieties is higher than that of diversified investment.
4. Lower expectations and act decisively
In the cryptocurrency circle, do not expect too high returns. When the investment variety rises, act at the right time. If you are confused about when to sell, you can sell decisively when the main rising wave of the market approaches the historical high. Steady returns are the long-term plan.
5. Reduce trading frequency
As a retail investor, you should avoid frequent trading. Frequent operations increase transaction costs and risk of loss. Control the frequency of transactions and find an opportunity to trade once a month. Stay calm and rational to reduce investment risks.
Summary
Remember these five strategies to make your cryptocurrency trading more stable. Low-level layout, medium- and long-term holding, selected concentrated investment, lower expectations, and reduce trading frequency will help you grasp the overall investment situation and achieve stable returns.
Trump vs. Harris: Who wins the election may determine the life and death of the world economy? !
Oil market turbulence
Trump's strategy is in force, and international oil prices continue to fall.
Chinese stocks suffered setbacks
The market speculates that Trump may take action against China's advantageous industries, and Chinese stocks plummeted.
Trump's campaign proposition
Tariff storm: It is planned to impose tariffs on all US imports, and the tax rate on Chinese goods may be as high as 60%.
AI challenge: It may focus on China's AI industry, and only China can compete with the United States in the world.
Harris and Trump's election situation
Hurricane response: The Biden-Harris government was criticized, the people were disappointed, and the election situation was affected.
Debate results: Although Trump lost, the election results are still confusing.
Campaign style: Trump is eloquent, Harris's policies are vague, and the slogans are loud but empty.
Candidate policy predictions
Harris:
Continue the white light policy, increase tariffs, limit chip exports, and work with allies to put pressure on China, but maintain superficial harmony.
Trump:
Add tariffs, cancel preferential treatment for China, require the auto industry to build factories in the United States, or break up with allies and China, and use tough measures. Add taxes to allies, require them to pay fees, abandon the strategy of containing China, withdraw from the Paris Climate Agreement, cut interest rates and increase production to suppress inflation. There was no ban on chip exports to China during the Trump era.
Trump's tough stance
Military expenditure requirements: directly ask allies for money, or push allies to China.
America First: Trump only does fair business, Biden-Harris may join hands with allies to curb China's development.
Italy increases tax to 42%! Bitcoin soars against the trend
Italy plans to increase the capital gains tax rate on Bitcoin from 26% to 42% to cope with the fiscal deficit and fulfill its campaign promises. Although high tax rates in other countries such as India have led to a sharp drop in cryptocurrency trading, the Italian government still decided to take this measure.
Bitcoin prices rose against the trend
Against the backdrop of the EU's preparations to implement the MiCA cryptocurrency regulatory plan, Bitcoin prices rose against the trend, breaking through $68,000 at one point, the highest level since July 30, up more than 3% on the day and 17% in the past month.
Institutional confidence in Bitcoin
US stocks' pre-market gains widened, with CleanSpark (CLSK.US) up nearly 5%, MARA Holdings (MARA.US) up more than 4%, MicroStrategy (MSTR.US) and Coinbase (COIN.US) up more than 3%. Larry Fink, CEO of asset management company BlackRock, whose Bitcoin holdings have reached $25 billion, said that Bitcoin is unlikely to be affected by the results of the upcoming US presidential election and predicted that the flagship cryptocurrency will show an upward trend. In addition, IBIT's asset management scale has also reached 375,169 Bitcoins, and a net inflow of $288.8 million on October 15, 2024, with a cumulative historical net inflow of $22.06 billion.
Interpretation of the Deputy Minister of Finance of Italy Maurizio Leo, Deputy Minister of Finance of Italy, mentioned in a conference call that the cabinet of Prime Minister Giorgia Meloni decided to increase taxes because the "phenomenon" of Bitcoin is spreading. This decision comes as the European Union prepares to implement the MiCA cryptocurrency regulatory plan, which is expected to be fully implemented by the end of this year.
Summary Despite the challenges of stricter regulation, Bitcoin prices still show strong upward momentum, and investors' interest in digital assets remains unabated. The activeness of the cryptocurrency market and the firm confidence of institutional investors provide strong support for the future development of Bitcoin.
Revealing how millionaires break through restrictions and how to safely transfer billions of assets back to China!
In the world of cryptocurrency, if you become a millionaire through the currency circle, direct transfers may be regarded as property of unknown origin and may even constitute a crime. Then you need to be extra careful when transferring funds back to domestic bank accounts. There are several legal ways to operate.
Method 1: Convert and transfer through BiyaPay wallet
First, you can transfer USDT to the BiyaPay wallet licensed in the United States. In BiyaPay, you can convert it to US dollars and then transfer it to banks such as Wise or OCBC. Although some fees and exchange rate losses may occur in the process, the funds are clear. Through Wise, you can transfer US dollars back to domestic banks such as Taobao, Xinxin or Bank of China, but there is a limit on the amount of transfers per year. OCBC's 360 account is very convenient, and you can withdraw cash directly in China without being restricted by 50,000 US dollars.
Method 2: Withdraw through Kraken Exchange and deposit into iFAST Bank
Another method is to withdraw USDT through the fully licensed Kraken Exchange and deposit it into iFAST Bank in the UK. This method is also legal, but it will inevitably incur handling fees and exchange rate losses.
Now that we have a way to transfer funds safely, we just need to get the funds in place. Good luck to you, friends in the cryptocurrency circle!
Grasp shib, and you are expected to ignite the wealth rocket and become a millionaire in one step
Token issuance and Buterin's charity SHIB has been launched with an astonishing 100 trillion tokens since its birth! In 2021, Vitalik Buterin received half of the tokens, but made the amazing decision to destroy 90% and donate the rest to charity. This move instantly made SHIB famous. Although there is no automatic destruction mechanism, this incident did make people look at SHIB with new eyes.
SHIB's crazy increase SHIB's ability to make money should not be underestimated. On May 11, 2021, in just a few days, the price of SHIB soared from US$0.00000172 to US$0.00003532, an increase of 1953 times! But the market is always volatile. In early June, the price of SHIB fell back to US$0.00000793, which is consistent with the overall trend of the cryptocurrency market. In the field of cryptocurrency, timing is money, and those who act quickly often reap a lot.
Another surge in October 2021 In October 2021, SHIB prices once again exploded. Initially, the price was $0.00000766, rising to $0.00002913 in the middle of the month, and even reaching a high of $0.000089 at the end of the month. Although there was a pullback later, this rise made people see the unlimited potential of SHIB. As long as the strategy is correct, the speed of making money is amazing.
SHIB's volatility and opportunities SHIB's price fluctuates like a roller coaster, but it is this uncertainty that provides investors with great opportunities. As long as you have patience, insight, and seize the opportunity, SHIB has the potential to make you a lot of money and even change the trajectory of your life. At the same time, SHIB is suitable for short-term speculation and has long-term growth potential.
Embrace the next opportunity For those who want to invest in SHIB, it is crucial to stay vigilant and keep an eye on the market. SHIB's history shows that once the momentum is up, it is unstoppable. Are you ready for the next money-making opportunity? Maybe it's right in front of you!
The mystery of the devaluation of the Russian ruble: strategy or adventure? Is this a shocking gamble that subverts the global financial landscape? What impact will it have on the cryptocurrency circle?
The ruble is depreciating sharply The Russian ruble is approaching 100 to the dollar, but the Kremlin seems calm. This decline has now become a strategy to increase state budget revenue to cope with the increase in government spending.
The strategy behind the devaluation The devaluation of the ruble brings additional income to the Russian budget by increasing the ruble value of export income, which is crucial for military expansion. At the same time, it is also in line with Russia's trend of breaking free from the constraints of Western currencies.
Chain reaction The ruble has depreciated against both the US dollar and the renminbi, leading to foreign currency shortages and cross-border transaction difficulties. Russian exporters face the risk of payment delays and rejections, cash flow is squeezed, and borrowing costs soar.
Inflation and interest rate pressures The Russian Central Bank once stabilized the ruble with an interest rate of up to 20%, but now the inflation rate is far above the target, and expectations of interest rate hikes are strong, which has increased the burden on enterprises.
Putin's chess game Putin promotes de-dollarization and hints at the establishment of a BRICS payment system. The use of the ruble in trade has increased, but the depreciation has exacerbated corporate payment difficulties and the economy is facing new risks.
Traders need to be vigilant Behind the depreciation of the Russian ruble is a trade-off between short-term gains and long-term risks. Traders should pay attention to energy market trends and increased military spending linked to the ruble. The decision-making of the Russian Central Bank and the liquidity of the RMB will be the key to economic turmoil.
Far-reaching impact Russian ruble gambles may have far-reaching impacts on a global scale.
NEIRO coin: 5580% surge in 30 days, the market is on the rise again! It has shocked the cryptocurrency market and sparked widespread heated discussions.
The market is neutral, the amount of tokens held outside the exchange has decreased, the growth may slow down, and the future trend is questionable. Although there has been no significant increase in the short term, NEIRO is still optimistic, and the key price levels of $0.0025 and $0.0018 are closely watched, and the rise is expected to continue.
In 2024, NEIRO may be adopted by more markets. If the growth continues, it may reach up to $0.1; if the market declines, it may fall. Influencing factors: The actual price is affected by multiple factors such as market demand, industry development, and macroeconomics, and market dynamics need to be closely monitored. Summary: The short-term surge in NEIRO coins attracts attention, and the market attitude is complex and changeable. Keep paying attention! #Meme浪潮持续,你看好哪一个? #美国大选如何影响加密产业? #BTC能否站稳6W6 #BTC☀
What? People still dare to connect to public Wi-Fi?
Is public Wi-Fi really safe? No, you are likely to become prey to hackers.
Cybercriminals use technology to sneak into unencrypted networks and steal your passwords, bank account information, and even personal data for illegal activities such as identity theft.
What are the security vulnerabilities of public Wi-Fi?
Hackers set up seemingly credible hotspots (such as "free Wi-Fi in a coffee shop") to easily intercept your data.
Criminals monitor your data transmissions, such as online banking passwords, and catch them all.
Software automatically tries a large number of usernames and passwords to unlock the router management interface.
Hackers capture and parse your data units to extract login credentials or financial information.
Router default setting loopholes allow hackers to easily log in or implant malware.
Warning to everyone: Don't connect to public Wi-Fi at will to avoid losses. So, how to prevent it?
Avoid connecting to unencrypted or low-security networks, give priority to known reliable networks, or use mobile data.
Be wary of multiple similar Wi-Fi in the same area to prevent phishing Wi-Fi traps.
When connected to Wi-Fi, avoid banking transactions, logging into accounts, etc., and use official or trusted applications.
Keep device systems and application software up to date and fix security vulnerabilities.
Antivirus software, firewalls, etc. monitor network connections in real time to block malicious attacks and phishing websites.
Do not click on unfamiliar links or download unfamiliar attachments to avoid being deceived or infected with malware.
Public Wi-Fi is full of risks, and we must always be vigilant. Take the above measures to reduce the risk of hacker attacks. Network security is no small matter, and do not ignore potential risks for temporary convenience.
2025 Bull Market Prediction: Who will be the next meme coin with a market value of 100 billion?
Meme coins are a popular sector in the currency circle. Each bull market can always bring amazing gains. From Doge to SHIB, and then to Pepe, they not only created a wealth myth, but also broke the prejudice of "junk coins". In the 2025 bull market, who will become the next meme coin with a market value of 100 billion?
Pepe (PEPE) A rising star with viral properties, attracting a lot of attention. It has a considerable size, but there is still room for growth from a market value of 100 billion. Continue to attract market attention and find more application scenarios, and the future is promising.
Sui Chain Meme Coin Sui public chain has an eye-catching performance, and meme coins in the ecosystem have emerged. Projects such as MOODENG have achieved small results. With technological innovation and capital support, it is expected to shine in the future. More DeFi and game applications are launched, or the ecological miracles of Ethereum and Solana are replicated.
Solana Chain Meme Coin High-performance public chain, ecological meme coins perform well. Projects such as Wif and Bonk have been eye-catching in the past few rounds of increases. The ecosystem is constantly improving, and it may further explode in the future bull market and become a leader.
Ethereum's new meme coin The main battlefield of meme coins, SHIB and Pepe made their fortunes here. Layer 2 matures and develops, and more meme projects emerge. The next generation of meme coins with a market value of 100 billion may be born in the Ethereum ecosystem.
The future meme coin with a market value of 100 billion is beyond the reach of "funny". It requires strong community support, perfect ecological construction, and capital to fuel the flames. Pepe, Sui chain, and Solana chain meme coins are candidates worth paying attention to. When the bull market comes in 2025, who can break through the market value of 100 billion? Wait and see!
Critical Moments after Bitcoin Halving: Can the Bull Cycle Repeat?
Bitcoin is entering a critical phase after halving, a reappearance of historical trends. Nearly six months have passed, and Bitcoin is approaching a critical node. Based on past cycles, prices may rise after a long period of consolidation.
Multiple factors help the market shift Central bank rate cuts (such as the Fed's 50 basis point rate cut in September), China's monetary easing policy, and the US presidential election have all created a favorable environment for potential market surges, similar to the price surges after the previous halving cycle.
Crypto market volatility stabilizes At the end of the third quarter, the volatility of the crypto market was relatively stable, with Bitcoin volatility below 50%, and Ethereum and Solana also performing steadily. The volatility surge caused by the short-term unwinding of yen carry trades affected global assets.
Cryptocurrency volatility will increase Cryptocurrency volatility is expected to rise in early Q4 2024, especially when prices fluctuate positively. Hashdex Research shows that Bitcoin investors continue to accumulate assets, with prices fluctuating between $54,000 and $69,000 in the third quarter, and the dominant position at the end of the year has strengthened, accounting for 54% of the digital asset market.
Bitcoin's road to recovery In the third quarter of 2024, Bitcoin performed positively, rising 5.3% in July, boosted by the possible approval of the Ethereum ETF and Trump's election prospects. In August, the Bank of Japan unexpectedly raised interest rates, leading to widespread selling, and Bitcoin fell 10%. Market sentiment was weak in early September, but the situation reversed in mid-month, and Bitcoin ended the month with an 8% increase, with a cumulative return of 2.5% in the third quarter.
In the past week, Bitcoin appreciated by more than 8% Currently trading at more than $67,221. Global investment giant BlackRock launched Bitcoin and Ethereum spot ETFs, pushing cryptocurrency prices to a record high. BlackRock CEO Larry Fink called Bitcoin an asset class, comparable to gold, and emphasized the key role of liquidity and transparency in market evolution.
The future of the digital asset market is promising Fink mentioned the potential of the digital dollar and the success stories of India and Brazil, and believed that AI and data analysis will drive the expansion and acceptance of the digital asset market. Spot Bitcoin ETFs saw a surge in inflows, with one of the strongest performances since its listing on October 14, attracting $555.9 million in new inflows on the same day.
Can Bitcoin repeat its bull cycle? The market is waiting to see.