This round of the Bitcoin bull market originated from Trump's election, especially the previous high point of $70,000, which was reached when Trump's election prospects became certain, and Bitcoin began to soar, ultimately breaking through $100,000. The crash on December 20 was due to two reasons: Firstly, during the entire Trump campaign, particularly in the month following his successful election, there were continuous rumors about Bitcoin being included in the U.S. strategic management assets, even on the balance sheet: In July 2024, Trump explicitly promised in a speech to 'never sell' the Bitcoin held by the government and any it might acquire in the future, insisting on the concept of a 'strategic Bitcoin reserve'; Currently, the most concrete Bitcoin reserve proposal circulating in the U.S. comes from pro-crypto Republican Senator Cynthia Lummis. The bill proposes creating a reserve fund managed by the Treasury, purchasing 200,000 Bitcoins annually for five years until the reserve reaches 1 million, which would account for about 5% of the global total supply of approximately 21 million Bitcoins. Especially since Trump changed his previously hostile attitude towards Powell, which the market interpreted as a gesture of goodwill, the market expected Powell to support Trump's economic proposals. However, unexpectedly, Powell came out swinging, stating directly: On December 19, Beijing time, at a press conference following the monetary policy meeting, Federal Reserve Chairman Powell emphatically stated: 'We are not allowed to hold Bitcoin.' This statement hit like a heavy hammer, instantly shattering the dreams of cryptocurrency enthusiasts. Powell further explained that the Federal Reserve Act clearly specifies the types of assets that the Federal Reserve can hold, and Bitcoin is not included. Additionally, 'the Federal Reserve lowered interest rates by 25 basis points, and may only lower rates twice next year,' which means that the market's dollar liquidity will be below expectations, and whether it is Bitcoin or gold, the support for price increases must come from currency, which undoubtedly caused a major plunge in the cryptocurrency market. This round of Bitcoin is very likely to pull back to $80,000; after all, whether it is Trump's presidency or Musk's antics, there is still room for speculation in the future of cryptocurrency. $BTC
On December 19, Beijing time, during a press conference after the monetary policy meeting, Federal Reserve Chairman Powell emphatically stated: "We are not allowed to hold Bitcoin." This statement hit like a heavy hammer, instantly shattering the dreams of cryptocurrency enthusiasts. Powell further explained that the Federal Reserve Act clearly stipulates the types of assets that the Federal Reserve can hold, and Bitcoin is not included. Furthermore, with the Fed's interest rate cut of +25 basis points, it is expected that there will only be two rate cuts next year, which means the liquidity of the dollar in the market will be lower than expected. Whether it's Bitcoin or gold, the support for price increases must come from currency, which undoubtedly caused a sharp drop in the cryptocurrency market. This round of Bitcoin is very likely to pull back to $80,000. I still adhere to my investment philosophy, continuing to buy USDT on demand, and at the right time, purchasing spot new coins. After all, whether it's Trump's presidency or Musk's antics, there is still speculation space for cryptocurrencies in the future. $BTC
This round of Bitcoin's bull market originates from Trump's election, especially the previous high point of $70,000, which was also when Trump's election prospects became clear, and Bitcoin began to surge, ultimately breaking through $100,000. First, throughout the entire Trump campaign process, especially in the month or so after his successful election, there were continuous rumors about Bitcoin being included in the U.S. strategic management assets and even on the balance sheet: At the Bitcoin2024 conference held in July 2024, Trump explicitly promised in his speech to 'never sell' the Bitcoin held and future acquired by the government, and insisted on the concept of 'strategic Bitcoin reserves'; on December 16, Bitcoin set a new historical high record above $107,000. With the price of Bitcoin continuing to rise, Trump reiterated the plan to establish a U.S. Bitcoin strategic reserve.
Recently, the Federal Reserve's monetary policy has become the main driving factor affecting the price of Bitcoin (BTC). Data shows that when inflationary pressures ease, the market demand for risk assets like Bitcoin (BTC) has increased. In addition, Binance exchange reported that institutional investors' holdings increased by 15% last month, indicating that market confidence in the future of Bitcoin (BTC) is recovering. From the historical price chart of Bitcoin (BTC), it can be seen that the current key resistance level is at $105000, while the main support level is at $95000. If the real-time price of Bitcoin (BTC) breaks through the resistance level today, it is expected to further challenge $110000. However, X.Game reminds investors that if the support level is broken, it may pull back to $93000 in the short term.
#加密市场回调 The cryptocurrency market has seen a correction this week, with Bitcoin's cumulative drop exceeding 5% and the current price hovering around $95,000. Ethereum has dropped nearly 15%, with a price around $3,200. Major cryptocurrency exchange-traded funds have also interrupted several days of inflows amid the ongoing decline in the crypto market. The global cryptocurrency market has fallen about 2% to $3.34 trillion, with trading volume increasing by 3.42% to $280 billion. The Fear and Greed Index remains at 62, indicating that market greed continues to persist.
The current trend is still upward; the pullback is only temporary. The overall direction remains bullish, but occasionally short positions may be needed to make some profit in the short term, as pressing the accelerator while going downhill will only lead to further declines, not gains. When the vehicle reaches a buffer zone and levels off, it is relatively stable to go long here. Likewise, do not engage in short selling; doing so in a bull market is more of a short-term response tactic when reaching phase peaks. $BTC $ETH
#比特币市场波动观察 $BTC Today is Black Friday again, not sure what to say...
The target is set at 100,000 dollars. This is also why I suggested everyone gradually reduce leverage after breaking through 100,000 – after all, I’m not trading contracts myself anymore. Based on chart analysis, I sincerely hope this wave of 5 won't materialize, otherwise, it could take several months to get through.
After reaching 100,000, I have been paying attention to market sentiment, fundamentals, and technical aspects. To be honest, this situation likely indicates a peak in the phase trend. Having experienced the two half-year cycles of volatility in mid-2023 and mid-2024, I am actually a bit scared.
In this market, the only thing I can do is stay calm, manage my positions well, flexibly adjust my trading ideas, and always be ready to run fast.
The copycats have dealers, but the big cakes have no dealers.
The copycats fall, but the big cakes do not fall with them = the dealers are dumping people to absorb the funds, preparing for the main rising wave to absorb the leeks, and by the way, exposing a wave of contract guys.
Fake mining---thousands of L9 power wind turbines in Iceland use a lot of power POW to pretend that XX coin is of great practical value.
Real mining---the unregulated aggressive operations of contract guys, the ups and downs of the airmen, sacrifice themselves to feed the market makers, let the market makers perform predictable operations, and the spot holders who invest rationally along the trend can also more easily judge the trend and drink some soup.
Therefore, we can see that there are far more people who successfully predict the bull and bear of the crypto market than those who successfully predict the bull and bear of a certain A, and even the bull and bear cycle of the crypto market is almost clear.
This can also be regarded as black humor. The low regulation and rampant aggressive contracts in the crypto market have led to the frequent explosion of airmen. On the contrary, rational investment in mainstream spot products following the trend is more stable and predictable than the heavily regulated market that cuts retail spot investors hard. $BTC
After the release of the U.S. November Consumer Price Index (CPI), U.S. stocks and the cryptocurrency market surged.
The U.S. November CPI rose 2.7% year-on-year, up from 2.6% in October, matching market expectations. The November CPI rose 0.3% month-on-month, slightly higher than last month's 0.2%. The core CPI increased by 3.3%, unchanged from October.
Data from the FedWatch Tool shows that the probability of the Federal Reserve cutting interest rates by 25 basis points next week has risen to over 96%.
As of Wednesday's close, the Dow dropped 0.2%, the S&P 500 rose by 0.8%, and the Nasdaq increased by 1.77%, breaking the 20,000 point mark for the first time. Tesla (TSLA.O) and Google (GOOG.O) both rose over 5.5%, hitting new highs.
In the cryptocurrency market, Bitcoin has rebounded above $101,000, rising over 6% in the past 24 hours, while XRP, Solana (SOL), and Cardano (ADA) saw increases of 23%, 11%, and 16%, respectively.
Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), dogwifhat (WIF), BONK, and FLOKI all achieved double-digit gains. AI concept tokens rose by over 7%, with leading AI coins like NEAR, ICP, and Render increasing by more than 10%.
Institutions are buying on dips.
Data from Sosovalue shows that institutional investors are seizing the opportunity to buy on dips, with $439.5 million flowing into U.S. spot Bitcoin ETFs on December 10. The U.S. spot Ethereum ETF recorded the third-largest daily inflow in history, reaching $305.7 million.
Don't miss out on the no-cost value??? $ airdrop! Recently, several highly anticipated airdrop projects have emerged in the market. Let's focus on a few of the noteworthy opportunities:
1. Scallop (SCA): A lending protocol based on the Sui ecosystem, which launched the second phase of its airdrop activity in January 2024. Users can earn points by providing liquidity and participating in lending, which can be exchanged for airdrop rewards called "Mysterious Pearls." The pearls are divided into multiple levels, and users can claim the airdrop after the tokens are launched.
2. Kinza Finance (KZA): A decentralized lending protocol on the BNB Chain, Kinza has launched a point system that allocates future airdrops based on the time and amount of liquidity provided. The airdrop is expected to account for 5% of the total supply, and referrers and new users can also participate in additional referral reward programs.
3. Fuel Network: A modular Ethereum scaling solution that emphasizes high-speed and secure execution layers. Fuel plans to launch its token TGE in the first quarter of 2024, potentially accompanied by airdrop rewards to incentivize early supporters.
4. Taiko: A decentralized ZK-Rollup solution equivalent to Ethereum, expected to launch its mainnet and TGE simultaneously, with significant airdrop potential, making it suitable for investors focusing on Layer-2 projects.
Is there a kind person willing to trade, A or U (the one with three now), send me any letter I don't have (L or M or O or S) on the contract, let me know in the comments which one you want, and I'll send it to you 🙏
#XAI小钥匙公售 holds the XAI small key, obtaining a value of ??? USDT free airdrop!
With the popularization of blockchain technology and the flourishing development of the Web3 ecosystem, more and more innovative projects are pushing user experience to new heights. As a star project of Binance Launchpad, XAI not only carries the technical strength of Offchain Labs but also demonstrates a profound understanding of community value. The upcoming sale of the 'XAI small key' is undoubtedly a 'golden key' to unlock the era of Web3 gaming. Since its launch, the XAI mainnet has completed 1.2 billion transactions, attracting 9 million active wallets on-chain, and has launched over 10 games in collaboration with partners. This not only showcases strong technical potential but also proves the important role of community support in driving project success. Web3 gaming is no longer just a concept, but a rapidly developing real ecosystem. 1. Diversified exclusive benefits, limitless value Users holding the 'XAI small key' can not only earn esXAI token rewards through staking but also participate in exclusive airdrop events for multiple top Web3 games. For instance, the high-risk treasure hunting mode of 'Planet-X' brings a perfect combination of excitement and rewards; while 'Rift Storm' has become a focal point due to its innovative gameplay and community enthusiasm. Moreover, hundreds of games are set to launch over the next two years, continuously bringing surprises and value appreciation for holders. 2. Opening a new era of Web3 gaming The 'XAI small key' is not only a pass to enter the Xai ecosystem but also a passport to participate in the world of Web3 gaming. Through it, players can explore the endless possibilities of on-chain games and witness how blockchain technology reshapes the entertainment industry. This limited public sale has only 1.5 million keys, and based on the enthusiastic feedback in the past, it is expected to trigger another buying frenzy. For gamers and crypto enthusiasts, XAI is becoming a leader in the Web3 gaming field with its innovative technical architecture, rich gaming content, and strong community support. The future has arrived; let's use the 'XAI small key' to unlock the wonderful chapter of Web3 together!
Recently, the price fluctuations of Bitcoin have attracted widespread attention in the market. Against the backdrop of global economic uncertainty and the rising popularity of the cryptocurrency market, Bitcoin's price has continued to rise for a period of time, especially as it approaches the psychological threshold of 100,000 USD, leading to a multitude of voices in the market. On one hand, an increasing number of investors see Bitcoin as a safe-haven asset, especially in times of heightened recession risks or volatility in traditional financial markets. On the other hand, despite the rise in market demand for Bitcoin, the rapid price fluctuations have led to significant divergence in investor sentiment. From a technical perspective, Bitcoin's current price trend shows a state of consolidation. The price is oscillating between key support and resistance levels, and this range-bound movement may indicate that the market is not yet ready for a new breakout. Technical analysis indicates that Bitcoin's price has some upward potential, but it also faces significant downside risks. Investors need to remain highly sensitive in this market environment, ready to respond to potential price fluctuations. Meanwhile, regulatory pressure is also an important factor influencing Bitcoin's price. Governments around the world, especially China, have implemented strict regulatory measures on cryptocurrency trading and mining activities. This year, relevant laws have clearly classified virtual asset trading as a potential means of money laundering, which undoubtedly increases market uncertainty. Changes in regulatory policies, particularly an intensified crackdown on the cryptocurrency market, could put pressure on Bitcoin's short-term price. Nevertheless, Bitcoin continues to be favored by many investors, especially those seeking asset diversification and protection against inflation. As a decentralized digital currency, Bitcoin's decoupling from traditional financial systems gives it unique appeal during economic turmoil. However, as the cryptocurrency market matures, investors are also becoming aware of the inherent risks. The cryptocurrency market is highly volatile and faces increasingly stringent regulatory challenges, prompting investors to view market dynamics more rationally and avoid blindly following trends.
Bitcoin breaking through the 100,000 yuan mark is an important milestone, marking a significant turning point in the cryptocurrency market. First, from market sentiment and technical analysis: According to search results, Bitcoin's recent strong rebound and price increase indicate positive market sentiment towards Bitcoin. Technical analysis shows that Bitcoin has successfully broken through a short-term downward channel, and bullish momentum is strengthening, with the potential to create new historical highs. Second, macroeconomic factors: The global economic situation is poor, with high inflation and high interest rates, leading many investors to choose to invest in risk assets like Bitcoin. Bitcoin's scarcity and inflation-hedging properties make it perform well during inflationary periods. Third, interest from institutional investors: An increasing number of institutional investors are starting to invest in Bitcoin, which is a significant positive factor for driving up Bitcoin's price. Institutional investors typically have a longer investment cycle, indicating their optimism about Bitcoin's long-term development prospects. Fourth, technological developments: Bitcoin's technology is constantly evolving and improving, such as the development of the Lightning Network, which allows for faster and cheaper Bitcoin transactions, and Bitcoin's code is continuously being updated, enhancing security. Fifth, policy and regulatory environment: After Trump was elected as President of the United States, market expectations for cryptocurrency regulation became clearer, which is considered an important factor in Bitcoin's price increase. Trump's nomination of Paul Atkins, who is friendly to cryptocurrency, to lead the U.S. Securities and Exchange Commission (SEC) is a positive signal for the crypto industry. In terms of long-term prospects: Despite potential fluctuations in the short term, Bitcoin's long-term outlook remains bullish. The market is anticipating new momentum from institutional adoption and inflows from spot Bitcoin ETFs, which is expected to drive the next major upward trend.
Recently, the price of Ethereum (ETH) has continued to soar, attracting widespread attention in the cryptocurrency circle. The market is full of expectations about whether ETH can break through the $4000 mark. From multiple perspectives, Ethereum has the potential for sustained growth, which is closely tied to the prosperity of its DeFi ecosystem and driven by multiple favorable factors such as potential ETF approvals and macro market sentiment. The prosperity of decentralized finance (DeFi) is undoubtedly one of the core factors driving the rise in ETH prices. As the foundational public chain for DeFi, Ethereum supports the operation of numerous decentralized applications. With the flourishing development of DeFi projects such as lending, trading, and staking, the transaction volume and locked value on the Ethereum network have continuously increased, significantly boosting market demand for ETH. The ongoing growth of DeFi not only provides strong application scenario support for ETH but also highlights Ethereum's irreplaceable position in the blockchain industry, laying a solid foundation for the rise in ETH prices. In addition, market expectations for Ethereum's spot ETF have also become an important driving force for the recent price increase. The U.S. Securities and Exchange Commission (SEC) recently approved a Bitcoin spot ETF, leading to a significant rise in BTC prices, which brings optimistic expectations for the approval of an Ethereum ETF. If Ethereum's spot ETF is approved, it will attract substantial institutional capital, further enhancing ETH's liquidity and market demand. This is similar to the market response brought by the Bitcoin ETF and is likely to become a significant catalyst for ETH prices to break through the $4000 mark. The overall warming of macro market sentiment also provides a favorable external environment for ETH. As the global economy stabilizes, the risk appetite in the crypto market gradually rises, with more institutional and retail investors returning to the market. At the same time, Ethereum's recent technical upgrades, especially the successful implementation of the Shanghai upgrade, have enhanced the network's efficiency and stability, further boosting investor confidence. In the current context of a flourishing DeFi ecosystem, enhanced expectations for potential ETF approvals, and an overall positive market sentiment, Ethereum is expected to continue its strong upward momentum and is likely to break through the key psychological barrier of $4000 in the future. For investors, closely monitoring market dynamics and policy trends will be key to seizing this round of upward momentum.$ETH
#BSC生态活力释放 In recent years, with the rapid development of blockchain technology, the BSC (Binance Smart Chain) ecosystem has demonstrated strong vitality and potential. As one of the world's leading blockchain platforms, BSC attracts many developers and project parties with its efficient, low-cost, and secure characteristics, forming a diverse and innovative decentralized finance (DeFi) and decentralized applications (DApp) ecosystem. The vitality of the BSC ecosystem is first reflected in the surge in on-chain transactions and the emergence of various high-quality projects. Whether it is decentralized exchanges (DEX), lending protocols, or NFT markets, BSC shows ultra-high throughput and low transaction fees, providing users with a more convenient and efficient financial service experience. At the same time, BSC actively promotes cross-chain compatibility, bringing stronger interoperability to the entire blockchain industry. From a market perspective, the cryptocurrency market is in a phase of rapid expansion, and the prosperity of the BSC ecosystem provides more opportunities for investors. With the global acceptance of digital assets increasing and the Web3 concept becoming more ingrained, BSC will further consolidate its leading position in the blockchain industry. We firmly believe that the continuous release of the BSC ecosystem will inject new vitality into the cryptocurrency market, representing a significant boon for the cryptocurrency market.
"If you kneel down for me, I will forgive you!" Tribute to the legendary BTC pin at 95200 from a certain dog dealer.
LIVE
币安中文社区
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👠The first episode of "Reborn as a Cryptocurrency Secretary for a Tyrant" is officially online, and the cryptocurrency storm has begun!
🎁【Interactive Win 66U】Which line in the play impressed you the most?
🫧 "Will women affect the speed at which I draw my gun" or "One day in the cryptocurrency world is one year in the human world"?
🫧 Like + comment to share your favorite golden lines in the play, with the topic #币圈霸总 , the top 5 with the highest likes will receive 66 USDT!
➡️ Follow Lin Xiaowan @K线教主 , Lin Shao @Sure5J , and Guanjia @小鱼 , and discuss the plot together in the comment area, predict the future, and witness the cryptocurrency world! Your point of view may become the key to the development of the plot! 🔥💬
With the development of blockchain technology, the GameFi (game finance) market has risen rapidly, and the addition of AI technology has injected new vitality into this field. AI not only improves the gaming experience, but also optimizes the game economy system, such as automatically adjusting the supply and demand balance of in-game assets through smart contracts. At the same time, the application of AI can help developers better analyze player behavior and provide personalized content, thereby improving user retention. Although the current GameFi market is highly volatile due to the macroeconomic environment and regulatory policies, the continued development of AI will help enhance the industry's innovation ability and sustainable development potential. Therefore, the integration of AI and GameFi is expected to create more value in the future and bring new opportunities to users and investors.
Recently, the cryptocurrency market has seen a divergence in altcoin performance, filled with uncertainties. Some altcoins fluctuate with the market, reacting to the ups and downs of mainstream coins like Bitcoin, showing even more exaggerated movements, clearly demonstrating speculative characteristics. Certain niche altcoins leverage emerging concepts and engage in short-term speculation, 'painting a big pie,' attracting adventurous capital influxes, leading to soaring prices, but with unstable foundations. Currently, the tightening of regulations casts a shadow over the market, and panic sentiment can easily be ignited. Overall, altcoins lack stable value support, and there is a high probability of continued volatility, with a risk of going to zero; investors must proceed with caution.
Recently, the altcoin market in the cryptocurrency space has shown a divergence in trends and is full of uncertainties. Some altcoins fluctuate with the overall market, rising and falling under the influence of mainstream coins like Bitcoin, with even more exaggerated movements, showcasing speculative characteristics. Some lesser-known altcoins leverage emerging concepts for short-term hype, 'painting a big pie' to attract adventurous capital influx, leading to skyrocketing prices, but with unstable foundations. Currently, strict regulations cast a shadow over the market, making panic emotions easy to ignite. Overall, altcoins lack solid value support, and there is a high probability of continued fluctuations, with not a few facing the risk of going to zero; investors must be very cautious when entering the market.