Lao Gou shares his views on the market in a responsible, objective and rational manner and has his own unique insights into the market.
The data and information in this article are derived from public news and information. However, no guarantee is made for the accuracy and completeness of the information. The content is for reference only and does not constitute any investment advice.
The heat of the bank crash has gradually subsided. Tonight at 20:30, the United States will announce the number of initial jobless claims for the week. The previous value was 198,000 and the expected value was 200,000. However, this will not have a very big impact on the market. In the long run, it is still an upward trend.
Recently, the US dollar index has dropped slightly, and the price of gold has been rising. Due to the banking crisis, most traditional funds have been transferred to the safe-haven asset gold. However, Bitcoin has not moved with the market. The reason is that Bitcoin has risen sharply before, and with the upcoming Ethereum Shanghai upgrade, most funds are on Ethereum and some popular altcoins. This is also the reason why Bitcoin has not continued to break new highs recently.
Coin News Sharing
I have mentioned in previous articles that if the exchange rate of Ethereum strengthens, altcoins will be rampant. Many altcoins have seen good growth during this period, but the risks of altcoins are very high, so I will not introduce them in detail here.
In the long run, it is only a matter of time before Bitcoin reaches above 30,000. Ethereum will also break through 2,200 in the next period of time. According to the idea of the early bull market, the altcoins will definitely fluctuate and fall for a period of time after the explosion. Although most prices will hit recent highs in the next few months, it is still difficult to endure the tiring stage after chasing highs.
In the early stage of the bull market, the prices of currencies with large market capitalization were basically at historical lows, but at the peak of the bull market, the price increase may not be one-third of that of the copycats, but their resistance to decline and low risk are more favored by large investors. Today, ONT suddenly rose by more than 30%. As an old domestic public chain, everyone can pay attention to whether VET NEO QTUM IOST will rise in tandem.
That’s all for today. Thank you for your support~
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