The major market decline is primarily due to news, as Federal Reserve Chairman Powell stated that the Fed has no intention of holding Bitcoin. The market has overinterpreted this. To understand American institutions, the Federal Reserve itself is the institution that issues and manages the dollar; the dollar, interest rates, and U.S. Treasury bonds are the main objects managed by the Fed. Historically, it has never held any physical assets, nor has it held gold.
As for reserve assets, that is a matter at the national level, it is the Treasury's concern, and it has nothing to do with the Federal Reserve. Powell is right; if it’s not their business, why should they take it on? If the Federal Reserve could decide to hold Bitcoin as a reserve, they could just as easily decide to hold quality real estate the next day, and that would be chaotic. The adjustments of BTC and BNB have provided a good opportunity to buy in the latter half of the bull market.
SHIBA INU Big News: The US government quietly transferred 54 billion SHIB, accounting for 22% of the total!
#BTC重返10万
Hey, Shiba Inu ($SHIB) friends, there is a big news to tell you: the US government transferred 54 billion SHIB tokens, which is 22% of the total circulation! This wave of operations directly brought a big earthquake to the cryptocurrency market, and speculation, volatility, and trading volume all rose sharply.
Here comes the point, we have to look at these key points:
1️⃣ Token transfer
The SHIB transferred this time, according to the current price, must be 1.2 billion US dollars!
2️⃣ Why transfer? It's still a mystery
Although the transfer was made, why and when it was transferred is still confusing, and the community is in an uproar, guessing all kinds of things.
3️⃣ The market reaction was so intense
With such a big move, the price of SHIB also went up and down. Investors and analysts are wondering how the market will go in the long run.
In the community, there are two voices:
Some people are worried that the market will be in chaos
With so many SHIBs pouring in at once, everyone is afraid that the price will collapse and the fluctuations will be large.
Some people think this is a good thing
They think this may be a sign that Shiba Inu is going to make a big move. Maybe there will be new functions and new cooperation, which will make SHIB more popular in the market.
Market fluctuations are inevitable
The price of SHIB has fluctuated because of this wave of operations, and the trading volume has also increased. Investors are all staring, waiting to see whether it will rise or fall next.
What is the future of Shiba Inu?
1️⃣ Trading volume has to rise
For such a big thing, people in the market must react, and trading volume has to continue to rise.
2️⃣ Government influence, everyone is guessing
SHIB fans are discussing whether the government will intervene in this matter, or whether SHIB will become more popular, and even make the token more legal.
3️⃣ The ecosystem needs new tricks
This transfer may be a big move, and you have to pay attention to Shiba Inu's new role in the crypto circle.
#XRP逆势反弹
For the next layout direction, I will lead everyone to target the profit opportunities of copycats, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and take you to layout the entire bull market!