The Russian-Ukrainian war has made more people aware of cryptocurrency

The Russian-Ukrainian war has made more people aware of cryptocurrency. At the same time, due to the continuous sanctions imposed by Western countries on Russia, the credibility of the US dollar has declined significantly. No currency can dominate the global economy forever. In the 80 years of the US dollar hegemony, the United States has benefited greatly from it. Later, with the slowdown of national strength growth, arbitrary money printing, and unethical sanctions, the credibility of the US dollar will continue to decline. Countries around the world will look for new stable currency "anchors". Is it possible for Bitcoin to become the anchor of the future world? Madman thinks it is unlikely. First, it is volatile, and second, the degree of decentralization of the mining industry is still not enough. As long as the benefits of the mining farm alliance are large enough, there is a possibility of doing evil. The decline of the US dollar will take at least 10 years, so there are still many opportunities for innovation in the world. In short, at this stage, before there is a good new anchor, cryptocurrency can also be regarded as an alternative solution. As Russian legislators said, cryptocurrency can help Russia evade sanctions and return to the global financial market.

The probability of the Federal Reserve raising interest rates by 25 basis points in May is 70.5%, and the probability of 50 basis points is 29.5%. Therefore, the expected probability of further rate hikes in May is 100%. There are still two months from now, and this expectation has been factored into the prices of various assets. Therefore, there is no need to panic. The important thing is to look at the US balance sheet reduction plan in May, which is the biggest variable at the moment.

Tonight is the quarterly Quadruple Witching Day. The amount of options and futures delivery is huge, so the U.S. stock market will experience extremely violent fluctuations tonight, and cryptocurrencies will follow suit. Please pay attention to control risks.

Mexican Senator says we need Bitcoin to become legal tender in Mexico. Rumors that Mexico will include Bitcoin in its legal tender are not groundless. If a larger economy like Mexico announces this, Bitcoin is expected to rise by about 10-20%.

The Argentine Congress approved the IMF's debt agreement, which will prevent the use of cryptocurrencies. The International Monetary Fund is really unethical, using debt to threaten Argentina to ban cryptocurrencies. Faced with huge debts, Argentina is unable to repay and can only choose to compromise. This decision will limit the growth of cryptocurrencies in Argentina.

UAE hotel brand Stella Stays accepts cryptocurrency payments. With the legalization of cryptocurrency in the UAE, it is expected that more and more companies will directly choose to embrace the crypto market, which will play a vital role in the foreign economic development of the two major cities in the UAE.

Twitter shows that the number of cryptocurrency tweets in the past three months has reached 300 million, ranking first on its website. It should be noted that the market has not been very lively in the past three months, but it is still the hottest industry in the world. It is only a matter of time before it explodes.

Panic 25, back to extreme panic again.

Coin News:

Bitcoin: The number of long-term holders of Bitcoin continues to increase, accounting for 61.61% of all Bitcoin supply. This is the basic logic for continued bullishness in the future. In the short term, you can use the sharp fluctuations in US stocks in the evening to find long opportunities, and the rebound is not over yet.

ETH: Starting to outperform Bitcoin and will continue to do so.

LTC: Completed the update, activated Taproot upgrade, and followed the pace of Bitcoin. It can’t fall any further from this position and is expected to rebound in tandem.

APE: It broke through $15 today. Those who dared to buy below $10 yesterday can all take profits today. The popularity of this token exploded too quickly. All retail investors have bought it. There will not be much room for growth. It is an extremely high-risk area. In addition, SBF also deposited his own 172,000 APE to Binance, and it is estimated that it will be cashed out soon.

CAKE: Binance APP has launched the mini program of Defi project Pancake. In the future, it should help its own son to open up more entrances, such as recharge of legal currency, and the market is expected to continue to rebound in the future.

BNB: The total number of transactions in February was 120 million more than Ethereum, and it is still a strong competitor to Ethereum. BNB has the attributes of both platform currency and public coin, and is a good long-term asset.

AAVE: The Def sector exploded as expected, and whales accumulated more than 70,000 AAVE in 2 months, worth more than 10 million US dollars. They have climbed out of the pit and have funds to pay attention to, so they can continue to hold.

SNX: A new version was released, adding the synthesis method of perpetual contracts and debt pools. These Defi tokens are constantly developing and innovating, so the current position is likely to be a good opportunity to buy at the bottom.

XRP: Listed by the Arab Monetary Fund as a direct alternative to SWIFT, it illustrates the value of Ripple in cross-border payments. This position can be held.