Three major reasons behind the BTC crash and the rise of XAI, a new star in the blockchain game

Recently, BTC has experienced a sharp drop. There are three main reasons behind this:

First, the Fed's possible interest rate hike has had a significant impact on the market. The expectation of an interest rate hike has caused investors to worry about the cost of funds, which in turn has affected market sentiment.

Secondly, the large outflow of funds is also an important factor in the BTC crash. This week, the outflow of funds is close to 200 million US dollars, which undoubtedly puts great pressure on the market.

Finally, the remarks of Federal Reserve Chairman Powell also had an impact on the market. He said that the interest rate cut this year may not exceed 25 basis points, and professionals analyzed that if deflation subsides, there may be 2-3 interest rate cuts. Such changes in expectations have brought a lot of shocks to the crypto market.

Against the background of BTC capital outflow, market funds have begun to disperse to various sectors, among which the blockchain game field is particularly worthy of attention. In particular, the XAI project, as a 3-layer expansion network of Ethereum, has been deeply involved in the game field for many years and has recently ushered in a major update.

XAI launched the Pioneer Genesis event on GALXE, which brings together many games and tasks. Its strong project background and latest updates make it likely to become the leader in the blockchain game field and the wed3 game platform with the most partners. This milestone development will greatly promote the progress of the blockchain game industry.

This event is different from the past and is expected to attract 105,000 new users and form an active community. Community members also have the opportunity to receive airdrop rewards, which undoubtedly increases user participation and stickiness.

Looking to the future, although XAI faces a tortuous development process, it is expected to become the backbone of wed3 games. At present, its market value and coin price are relatively low, and it is a high-quality project worth deploying.

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PEPE and TON, which have been relatively strong during this period, have finally shown a clear downward trend. Buying is disappearing. The next step is for the big players. When everyone thinks that Bitcoin can't fall at all, everything becomes possible. ​
$PEPE

Wash the plate, wash the plate, now I think about washing the plate every day

It has not been washed to the full extent, it will not reach 40,000, the copycat will not fall 20 times, and the currency circle will rise if no one plays

#以太坊ETF批准预期 #Mt.Gox将启动偿还计划 #山寨季何时到来？

Through the ETH contract short-term trading strategy shared yesterday, our coin friends have achieved fruitful investment results and realized profit improvement

$ETH

When will the market crash? When will the market crash?

Five news worth paying attention to in the currency circle in the past 24 hours:

1. Ethereum earned $2.728 billion in fee income in one year, followed by Bitcoin:
According to the latest data, Ethereum earned $2.728 billion in fee income in the past year, while Bitcoin earned $1.302 billion, which shows Ethereum's advantage in fee income.

2. DWF Labs launches $20 million fund to invest in China's Web3 projects:
DWF Labs announced the launch of a $20 million fund aimed at investing in China's Web3 projects, including game finance, social finance, derivatives and Layer-1/Layer-2 projects, showing continued interest and support for blockchain technology.

3. Bittensor stops network activities:
Bittensor stopped network activities after a wallet was stolen for $8 million. This incident highlights the importance of cryptocurrency network security and has a significant impact on the Bittensor ecosystem.

4. CoinDCX acquires BitOasis and expands to MENA: CoinDCX recently acquired BitOasis and plans to expand to the Middle East and North Africa (MENA). This acquisition reflects the cryptocurrency exchange's emphasis on global market expansion.

5. Bitcoin miner Riot Platforms' computing power increased by 50% in June: Riot Platforms reported that its computing power reached 22 EH/s in June, an increase of 50% from the previous month, surpassing CleanSpark and Core Scientific, and second only to Marathon Digital's 31.5 EH/s.

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#ETH🔥🔥🔥🔥 $ETH

Two big brothers, don't fall, stop! $BTC $ETH

The significance of watching the market

1. Obtain information in time

Watching the market allows investors to understand the latest developments of the stock market in real time and provide timely information support for investment decisions. Watching the market can obtain important announcements issued by listed companies in the first time

2. Assisting decision-making

Watching the market helps investors observe the short-term fluctuations and long-term trends of stock prices, so as to more accurately judge the market trend and the potential of individual stocks. During the process of watching the market, investors can timely discover abnormal fluctuations or potential risks in stock prices, so as to take corresponding risk control measures

3. Improve trading skills

Through watching the market, investors can gradually master various technical indicators and graphic analysis methods to improve trading skills. Watching the market can also cultivate investors' market sense.

Disadvantages

1. Mental fatigue: Short-term fluctuations in the stock market are normal, and watching the market will have to bear the physical and mental reactions brought about by such fluctuations, especially mental fatigue.

2. Emotional fluctuations: Excessive attention to changes in the market can easily lead to emotional fluctuations in investors, which in turn affects the rationality of investment decisions.
3. Time cost: Watching the market takes a lot of time and energy. If investors do not have enough time and energy to pay attention to the market, they may miss important investment opportunities or increase investment risks. Therefore, investors should focus on watching the market and formulate reasonable watching plans according to their investment goals and risk tolerance. At the same time, they should also pay attention to post-market analysis and summary to continuously improve their investment ability and decision-making level. For more current affairs analysis, please follow Dali and share with you in real time~~ #盯盘

The frustrated situation and mentality of investors are very typical in the cryptocurrency market.
The high volatility of the market, information asymmetry, and human greed and fear often lead investors to blindly optimistic and buy high in bull markets, and pessimistic and desperate and sell at a loss in bear markets. This "leek" mentality is particularly common in the cryptocurrency market, which is relatively young, under-regulated, and full of speculation and hype.

The explosive growth of altcoins (or non-mainstream cryptocurrencies) has indeed been reflected in some bull market cycles. However, this growth is often accompanied by extremely high risks, because the value of altcoins depends more on market sentiment and manipulation by a few people than on their intrinsic value or technical strength. Therefore, investors should be extremely cautious when participating in altcoin transactions and should not be overwhelmed by high returns in the short term.

For investors or opinion leaders like "Shisan", their experiences and experiences undoubtedly provide valuable lessons for those who come later. By sharing their failures and successes, they help people realize the complexity and cruelty of the cryptocurrency market, while also encouraging people to remain rational, patient and have a long-term perspective.

In the cryptocurrency market, pursuing stable returns and long-term compounding effects is indeed a more secure path. This requires investors to have solid basic knowledge, keen market insight, and good mentality management ability. At the same time, they also need to learn to flexibly adjust strategies in the bull and bear cycles to cope with market changes.

Finally, I would like to emphasize that there is no absolute "guaranteed profit" method, whether in the cryptocurrency market or any other investment field. Investors should formulate appropriate investment strategies based on their risk tolerance, investment goals, and time planning, and always maintain a cautious and rational attitude. Only in this way can we be invincible in a complex and changing market environment.

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How can this S13 still dream of beating Trump?

Biden vows to continue campaigning and works non-stop to appease party leaders.

U.S. President Biden vowed to continue running for president in 2024 in a call with campaign team members on Wednesday, and tried to assure Democratic leaders on Capitol Hill that he was still fit for re-election despite a disappointing performance in last week's debate.
According to two sources familiar with Biden's campaign team, Biden held a conference call with worried members of the campaign team and told them that he would not withdraw. "I'm going to continue running," Biden said, one source said, adding that he is still the leader of the Democratic Party and will not be squeezed out.

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#总统竞选 #以太坊ETF批准预期 #币安合约锦标赛

Looking back at the history of Bitcoin, we can clearly observe that its market trends tend to show significant volatility from May to October every year. As June approaches, we can’t help but be full of curiosity and expectations for this year’s market trends.

At present, the market's focus is undoubtedly on the interest rate cut policy. Whenever news of an interest rate cut comes out, the market will experience violent fluctuations. However, over time, investors appear to have become less sensitive to expectations of rate cuts. News of interest rate cuts have been hotly discussed and shelved at other times, and this uncertainty has made investors tired. Today, the market expects to see clear policy and economic data to more accurately judge the possibility of interest rate cuts.

For the subsequent release of CPI data, we expect market volatility to decrease. This is mainly because the current market is already in a relatively exhausted state and no longer reacts so violently to new news and data. In addition, summer is usually a time when people go on vacation, which may also lead to reduced market activity and relatively stable market conditions. Based on these factors, I am personally cautiously optimistic about the subsequent market trend, and predict that the market will mainly fluctuate at the daily level.

It is worth mentioning that this year is an election year, and cryptocurrency has become one of the political chips in the election. In some swing states, voters are focused on whether the future president will support cryptocurrencies. This forces politicians to consider making corresponding adjustments in cryptocurrency policy in order to win votes. Regardless of the outcome of the election, this will undoubtedly bring more opportunities and challenges to the cryptocurrency market.

In such a market environment, investors should remain calm and patient. For long-term investors, holding positions patiently is a wise choice; for short-term investors, watching more and moving less is the key to reducing risks. Of course, for those investors who like to take advantage of market fluctuations, now may be a good time to demonstrate their strategies and seize opportunities. But in any case, we should proceed with caution and ensure that we pursue returns while keeping risks under control.

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