Bitcoin exploded at 3 a.m., reaching a peak of $67,000, and soared nearly 5% in 24 hours. This momentum is even better than Ethereum, which is going to launch an ETF next week!
Fans sent me private messages asking me why. I looked at it and found that there was no big news in the macroeconomics, and the cryptocurrency market was also quiet. So why is Bitcoin so popular? I guess it might be because Biden said he would withdraw from the election, which rekindled Trump's hope of re-election. What's more, Trump will go to the Bitcoin conference next week to support the market. Doesn't this directly boost the market? It seems that emotions are still the boss of the market!
From the data, today's market is no different from usual. Early investors are as steady as old dogs and have not run away. The selling pressure is mainly from those who have made money in the past week. The range of $64,000 to $69,000 is as stable as a mountain, and the market as a whole is also stable.
As I have always said, there is no real good or bad news, the market just likes to do whatever it wants, and it fluctuates widely! This Bitcoin is really a love-hate thing, it's so exciting!
It was mentioned yesterday, I wonder if everyone has made some money.
Next week, the good news will be implemented, how will the market trend be?
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