Bitcoin is blocked at 67K, while altcoins are dancing
1. $BTC failed to stabilize after two attempts to reach $67,000 yesterday. It seems that this position is the focus of short-seller defense and an important resistance level, but once it breaks through, it will rush straight to $70,000. At that time, breaking a new high will be a matter of course. Various altcoins are pulling very happily at this time. $BONK $PEPE $BOME has a gratifying rise in 24 hours and topped the list of gains.
2. The spot Bitcoin and Ethereum ETFs jointly issued by HashKey Capital and Bosera International will be open for trading on April 30
3. Arthur Hayes, co-founder of BitMEX, said that the current crypto market is just the starting point of the bull market, and investors should boldly increase their positions. He believes that the 2024 presidential election will cause the government to increase spending to push up GDP and create the illusion that the economy is not in recession. US government spending accounts for 23% of nominal GDP, and the fiscal deficit will continue to expand. Hayes suggested that investors seize the opportunity of cryptocurrency pullback to build positions, and the reduced volatility in summer is a good time to enter the market.
