$100,000 is by no means the apex of BTC in this round of bull market.
The main upward trend of the larger bull market will come after Trump enters the White House. Trump specifically appointed David Sacks as his artificial intelligence and cryptocurrency czar, a newly established position that demonstrates the determination of the US president-elect to promote these two rapidly developing fields.
The recent continuous rise of US stocks has also driven funds into the cryptocurrency circle and spot ETFs.
The main driving force behind the excellent performance of US stocks is the lack of profit growth outside the United States. This enthusiasm for US stocks has pushed valuations to extremes. The expected returns of the top 10 stocks by market value are 30 times, and the valuation of the entire market is much higher than the average. From real estate, stocks to financial management, China currently has no investment products suitable for ordinary people and are not friendly to ordinary investors. However, the field of digital currency investment has opened up another investment channel for Chinese retail investors. At present, there are nearly 30 million Chinese users in the entire cryptocurrency circle. If there are changes in national policies in the future, this base will increase further. $BTC #比特币重返10W大关
Transfer some good luck with 200 yuan. Currently, there's still no closing position. I can't hold on to this short-term trading for much longer. Let's go! Keep it up! I also entered the second round. Let me go!!!!!!
If the market from March to November this year comes again, how can you avoid being washed out? 🤔 The market with built-in leverage, spot is enough! #BTC
【ET】Combination hahaha!! "Double horns go to battle, not a blade of grass grows!" All the waiting is worth it. #eth $ETH sending you some fet red envelopes 🧧! Let you ride with me!! Quickly follow Nut to eat and explode the bull market!
The Bitcoin daily volatility reached 7000 points, failing to hold the 100,000 mark. The trend seems to be testing the support around 97,600 to see if it is solid, and there are signs of a narrowing range. Coupled with tonight's non-farm payrolls and unemployment rate at 9:30, today is destined to be an unforgettable day.
After Ethereum broke through 3,500, Taka mentioned that the next major resistance would be around 3,960, which has been validated today. The support below is around 3,730, showing a downward oscillating trend.
This week, the inflow of funds into Bitcoin ETF and Ethereum ETF in the US stock market is still quite substantial, pushing the market forward step by step. Taka believes that the current market carries great risks but may also present opportunities. One should not blindly enter the market to catch the bottom, as this could lead to financial losses.
The wise do not fall into the trap of a collapsing nest. Please maintain sufficient patience; trading tests one’s mentality, and market fluctuations can wear down one’s character. Wait for the right moment; when the market stabilizes, that will be your time to shine.
So terrifying! The news just came from the American icon! Elon Musk icon warned in the media that the United States is rapidly heading towards de facto bankruptcy. He emphasized that bankruptcy itself is not the biggest problem; the real crisis lies in the government's direct spending on enterprises, leading to the phenomenon of 'state enterprises advancing while private enterprises retreat', which poses a huge threat to the long-term healthy development of the market economy.
First, the issue of the U.S. government's fiscal deficit is becoming increasingly severe, with the budget deficit for 2024 reaching $1.833 trillion, an increase of 8% compared to the 2023 fiscal year. This continuously growing deficit is causing the level of U.S. debt to rise, posing a significant threat to the country's economic health.
Second, the total U.S. debt has soared to $35 trillion for the first time, equivalent to the combined economic output of China, Germany icon, Japan icon, India icon, and the United Kingdom icon. This figure not only sounds the alarm for uncontrolled debt but also poses a challenge to the stability of global financial markets.
Third, Federal Reserve Chairman Jerome Powell icon admitted that the growth rate of U.S. debt is faster than the growth rate of the economy, which is unsustainable. This mismatch between debt growth and economic growth signals a potential economic crisis in the future.
Fourth, the U.S. government's excessive spending is considered one of the reasons for inflation. In the current global economic situation icon, inflation puts pressure on the cost of living for ordinary people and the operational costs for businesses.
Fifth, the U.S. is also showing signs of economic downturn in other aspects, such as retailers falling deep into financial crises, the manufacturing industry remaining sluggish, and rising unemployment rates. These signs indicate that the U.S. economy may be facing the risk of recession.
Sixth, the U.S. government has been blinded by short-term political interests over the past few decades, neglecting to implement necessary structural reforms. In an election year, the disputes between the two parties have intensified, and the severe reality of uncontrolled debt is also ignored, further exacerbating the risk of a fiscal crisis.
Musk's warning is not alarmist; the economic problems in the United States have indeed reached a point that cannot be ignored. Government fiscal policy and debt management need to be more prudent and effective to avoid a potential economic crisis. At the same time, the U.S. also needs to reach a political consensus to jointly face and resolve these deep-rooted economic issues. After all, the healthy development of the economy is related to everyone's future.
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If you still don't have a rebate, you can consider directly using Binance invitation code: LZGTW8JJ
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