Recently, the price of Bitcoin (BTC) has continued to fall, breaking through the key support level of $60,000.

After in-depth investigation, it was found that the important driving force behind this market trend was the actions of government agencies, especially the large-scale transfer of Bitcoin to centralized exchanges (CEX) in the United States and Germany, which triggered market concerns about sell-offs and further exacerbated the tight market liquidity.

Based on the current market trend, it is expected that the price of BTC may continue to fall to around $55,500 to find support, and the overall market recovery may have to wait until after September. Nevertheless, this also provides investors with an opportunity to pick up bargains.

In the investment field, artificial intelligence (AI) and decentralized computing power networks (DePIN) are particularly worthy of attention.

For example, io.net is a decentralized GPU DePIN computing power network that provides cloud services for AI training, rendering, games, and ZK verification nodes. It integrates GPU resources from independent data centers, crypto miners, and individual participants, and uses distributed cluster technology to provide services for complex tasks such as AI training and reasoning. At present, io.net has verified more than 200,000 GPUs, including professional AI graphics cards, which is one of the richest computing resources in Web 3.0.

IO tokens are the governance and utility tokens of io.net. It is expected that in the third quarter of 2024, the IO Foundation will launch the $IO staking plan, requiring GPU nodes to stake $IO to ensure the stability and quality of hardware. This initiative aims to improve the quality of network hardware while expanding the application scenarios of $IO tokens.

The article has a delay. If you don’t understand the market and need real-time explanations to learn technical techniques and experience, please read my introduction to cooking

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