Bitcoin is soaring against the sky, $70,000 is not the limit, and the historical peak has been climbed again! The US JOLTS unexpectedly "exploded", the manufacturing PMI hinted at an economic collapse, and dovish interest rate cut expectations ignited! Bitcoin, stocks and other risky assets soared and reveled!
Yesterday’s market performance was indeed exciting, especially BNB’s strong performance, which successfully broke through the historical highest price of the previous bull market.
Currently, only a few currencies can break through the highest price of the previous bull market, and BNB is one of them.
As the platform currency of the exchange, BNB has an extremely important position. If Bitcoin is the vane of the entire cryptocurrency market and Ethereum represents all altcoins, then BNB represents the platform currency of all exchanges. Its strong performance not only reflects the vitality and influence of the exchange, but also indicates the upward trend of the entire cryptocurrency market.
Altcoins are generally up, with BNB up more than 15% in the past 24 hours to break new highs at $716, pushing its market cap back above $100 billion for the first time since early December 2021. TON also surged more than 8% to become the tenth largest cryptocurrency by market cap. Currently, the BNB token is trading at unprecedented levels, bringing in more demand and improving underlying sentiment. According to the trend-based Fibonacci levels, the bullish trend is close to the 78.60% level, aiming for a breakout rebound.
Who will stand out in the battle of the strongest dark horse in the copycat industry? Pay special attention to the following three sections:
1. GPT-5 will be released in June or July. The biggest benefit for OpenAi is still $WLD, $ARKM, and the leading $RNDR.
2. RWA is currently favored by large Wall Street institutions. The involvement of Jewish capital is a long-term positive for the leading $ondo, and the small-cap coins $Polyx and $TRU, which are almost unlocked.
3. More and more Meme coins are being sought after by the public, including the leading pepe, the election-related coin people, and meme newcomers floki and bome.
With the end of May and the arrival of June, half of 2024 has passed. It is time to reflect and summarize our investment. How is the profit and loss in the past six months?
If you make a profit, continue to maintain the correct operation direction, and you will hopefully achieve better results in the future. If you make a loss, you need to analyze whether it is a temporary floating loss or an actual loss. Floating losses are only temporary, and they may turn into profits after the market recovers. Actual losses require in-depth reflection on the mistakes in the operation to avoid repeating the same mistakes in future investments.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.