The cryptocurrency market indeed staged a thrilling market last night, with data fluctuations intertwined with emotional ups and downs, which was elusive. The following is an overview of last night's market dynamics, trying to maintain the original meaning while adjusting the presentation:
BTC's intraday situation: Bitcoin (BTC) experienced violent fluctuations of about 2,000 US dollars in one day, but the overall trend showed a volatile upward trend, and the long-short game in the market was fierce.
ETH’s exchange rate challenges: Ethereum (ETH) continues to face downward pressure on the exchange rate. Its price trend has failed to show any obvious signs of resistance and continues to be affected by market sentiment.
SOL leads the Meme craze: Solana (SOL)’s significant gains have become the focus of the market. At the same time, the Meme coin sector has also shown signs of recovery, indicating that a new round of Meme coin craze may be coming. Among them, the strong performance of Meme coins such as MOODENG has attracted the attention of many investors.
The mystery of BNB’s strength: The performance of Binance Coin (BNB) has been elusive. Its price has far exceeded market expectations and has become a bright spot in the market.
SEC Chairman’s Controversy and Position: U.S. Congressman Tom Emmer’s criticism of SEC Chairman Gary Gensler has attracted widespread attention, while Gensler reiterated the SEC’s neutral attitude towards blockchain technology and emphasized that technology does not change the economic nature of investment.
Wrapped Bitcoin’s twist of fate: After talking to BitGo’s Belshe, Sky decided to suspend Wrapped Bitcoin’s offline plan. This decision undoubtedly brought new variables to the market. And the influence of Justin Sun (@justinsuntron) has been verified again.
SEC’s settlement with stablecoins: The SEC reached a settlement with TrustToken and TrueCoin on stablecoin-related charges, which brought certain positive signals to the stablecoin market. At the same time, SEC Commissioner Hester Peirce’s remarks also hinted that regulated financial institutions may gain more flexibility in the custody of Bitcoin and cryptocurrencies.
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