Why Bitcoin suddenly dropped
The tensions in the Middle East this morning have caused a great shock to the market, and the short-term fluctuations in BTC prices also reflect the sensitivity and uncertainty of the market. However, the subsequent rebound of BTC shows that the bullish sentiment in the market is still dominant.
What happens after the Bitcoin halving?
As for the halving of BTC mining revenue, it is indeed an event worth paying attention to. From historical experience, the halving of mining revenue tends to have an impact on BTC prices in the short term, but in the long run, BTC prices tend to recover and continue to rise. This is because the halving mechanism helps reduce the supply of BTC, thereby supporting its price increase.
What should we do?
Investment is always accompanied by risks, and the BTC market is no exception. Although BTC has great potential in the long run, its price in the short term may still be affected by various factors, including the global economic situation, policy changes, market sentiment, etc. Therefore, when participating in the BTC market, investors should remain rational, do a good job of risk management, and avoid blindly following the trend or over-trading.
In general, the future of the BTC market is still full of challenges and opportunities. For investors, it is important to keep a clear head, adhere to the concept of long-term investment, and pay close attention to market dynamics so as to make the right decisions at the right time.
Personal advice
The current market trend is also stable, with a slight correction and rise. The market is basically at the bottom now. For large funds, BTC or ETH is recommended, and for small funds, altcoins are recommended. I will recommend some better altcoins. The choice is up to you.
4 Cryptocurrencies with 100x Potential Ready to Take Off!
1. UN
Jito Network, represented by the JTO coin, plays a vital role in the Solana ecosystem. It provides a decentralized protocol that enables users to stake SOL to validators in exchange for a liquid staking token called JitoSOL. Through the MEV product, it solves the maximum extractable value problem, ensures fair distribution of profits and improves transparency. The Jito Foundation oversees DAO governance and promotes community discussions through JIPs.
Currently trading at $3.2103, Jito has shown resilience, up 2.98% in the past 24 hours. Despite its relatively small market dominance (0.01%), the coin has shown consistent positive performance. There have been 14 green days in the last 30 years, accounting for 47% of the period. Its 30-day volatility remains below 30% at 16%, further highlighting this stability. Additionally, Jito has a large amount of liquidity, with an impressive volume-to-market cap ratio of 0.9226. With a market cap of $322.75 million and a 24-hour trading volume of $297.77 million, Jito presents a compelling investment opportunity.
2. THIS
Newly listed synthetic dollar protocol token Ethena has shown impressive resilience despite the recent market downturn. Despite a price drop of more than 8%, ENA has retained most of its gains over the past seven days. Ethena’s price action data suggests investors should keep a close eye on the token.
Prior to the price drop, Ethena was focused on reaching its all-time high (ATH) target and steadily moving towards $2. However, currently at $0.879, it is trading close to a critical support level near the $1 region. Investors should expect Ethena to move sideways until it rises above the $1.4 price barrier.
Currently, Ethana’s moving averages remain bullish in the short term. Unfortunately, there is little data on the coin’s long-term moving averages, making it difficult to gauge the strength of its trend. However, MACD readings are bearish at the time of writing, reflecting the coin’s brief pullback.
3. INJ
Despite being in the early stages of the crypto market, Injective has already attracted widespread attention. The project has attracted various DeFi initiatives to strengthen its ecosystem's infrastructure. Its influence in the DeFi space has grown rapidly, and recent successful funding rounds have highlighted its importance.
Additionally, the project has partnered with Noble and Clusters. Injective’s partnership with Noble gives it direct access to USDC issued on the platform. As a result, users can use native USDC through various dApps across the ecosystem, including HelixApp. Integrating Injective and Clustersxyz enables a unified identity across Ethereum, Injective, and Solana.
These partnerships have stirred up excitement around INJ, resulting in a 5.33% increase in value. Injective is currently trading at $26.648 with a 24-hour trading volume of $700.75 million. Meanwhile, sentiment analysis indicates a bullish outlook, meaning the upward trend is likely to continue.
4. LTC
Coinbase plans to launch cash-settled futures contracts for Litecoin, Dogecoin, and Bitcoin Cash. The move is aimed at improving Coinbase's global expansion capabilities. The news pushed up the price of LTC, indicating high market acceptance. Litecoin entered the list of popular coins today after closing with green candlesticks for 19/30 consecutive days. With the successful exit of nearly 24 hours, LTC surged 4.72% to $82.18. The positive momentum also pushed its market value up 3.57% to $6,681,602,967.
In addition, LTC's buying pressure has increased over the past 24 hours in response to the news. Its trading volume has responded positively to this growth, surging 17.16% to $583,603,655. The increase in trading activity indicates a renewed interest and confidence in LTC, while a Greed score of 74 and bullish investment sentiment further fueled interest in Litecoin.
Create a high quality circle
Spot mainly
I will share some content: as shown below:
This is the end of the article. I will do a more detailed analysis in the circle. If you want to join the circle, I will reply to you in time through my job number (crypto pony)!
