There is little volatility in the market, and the room for fluctuation is very small

The domestic epidemic has become serious recently, mainly because there are many asymptomatic patients wandering around. As the mortality rate and severe illness rate of the new crown are getting lower and lower, European and American countries have been fully open. In the United States, the epidemic has completely passed, and all people's activities have returned to normal, and even masks are no longer worn. If there is no new progress in the vaccine in the future, it is estimated that our country will gradually semi-relax, because asymptomatic people are difficult to control, unless everyone is required to do nucleic acid tests every week, but the cost and consumption are too high. I have no other meaning to say this, but I just want to sigh about life. In just a few decades, for young people, the epidemic in the past two years is really hard to endure. Although the epidemic has successfully given cryptocurrency an opportunity to let the world know, it is a catastrophic blow to most industries. This is the era. When a new trend rises, it will be like a god's help again and again until it reaches the top of the world.

The sanctions against Russia have not stopped, especially the sanctions against the Russian crypto market have begun to be discussed in detail. The United States announced a ban on the supply of US dollar banknotes to Russia, which is forcing Russia to turn to crypto payments. At the same time, the United States will investigate and prosecute Americans and crypto exchanges that help Russians hide their assets. The UK Financial Regulatory Authority once again emphasized that British financial institutions, including crypto asset companies, must ensure compliance with sanctions against Russia. Russia is seeking to liquidate billions of dollars of crypto assets in the UAE for investment in UAE real estate, etc. We can clearly see that Bitcoin has become stronger in the case of a sharp drop in US stocks overnight, and sanctions are likely to force more Russian investors with rigid needs (such as oil traders settled in US dollars) to enter the market.

Bitfinex refused to freeze unsanctioned Russian users. After the statement was issued, Ukraine's deputy prime minister called on Tether and Bitfinex to ban Russian users. At the same time, Bloomberg reported that hedge fund Fir Tree was shorting Tether. These traditional forces are really overbearing. If you don't listen to me, I will kill you. I don't know if Tether can survive this time in the face of traditional institutions. After all, Tether's anchor assets are not transparent enough, and the mismatch between long and short makes it difficult for him to cope with the huge redemption.

The Bank of Israel has released a draft regulation on cryptocurrency deposits, intending to accept crypto payments and open the country's financial system to crypto companies. Another country has chosen to embrace and directly build a bridge between crypto and finance in its own country.

Legendary investor Kevin O'Leary said that 20% of his investment portfolio is in cryptocurrencies, which was only 10% in November last year. It seems that he has increased his holdings as the price of the currency has fallen. Well-known trader Peter Brandt suggested that Generation Z should invest in Bitcoin and hold it for a long time. There are still many traditional bigwigs who are optimistic about this industry. Of course, there are also old bigwigs such as Bill Gates and Buffett who do not support individual investors owning cryptocurrencies at all.

The US SEC rejected NYDIG’s Bitcoin ETF listing and trading. It seems that spot ETFs will still not be approved in the short term, so we can only continue to wait.

With BAYC's parent company acquiring CryptoPunks and Meebits, the NFT market has once again set off a wave. This is equivalent to a powerful combination. The NFT market has entered a situation where one company dominates the market. In the future, these three projects should continue to rise together. However, the current prices are out of reach for ordinary people. For this reason, the cheapest Meebits series has seen the largest increase, up 41.56% in 24 hours, and the market value of Bored Ape BAYC has exceeded US$2 billion.

Panic 22, extreme panic.

Coin News:

Bitcoin: There is very little room for fluctuations. Currently, it is in a stage with neither supply nor demand. We can only wait for this weak balance to be broken. At present, the probability of continued fluctuations over the weekend is relatively high, and the short-term direction is still unclear.

ETH: Boring linkage market.

LUNA: The destruction volume in the past month exceeded 4,000, accounting for 11% of the circulation volume. This is also the logic behind the recent rise. Most of the destruction was used to mint UST. It is expected that the use case of UST will not continue to grow in the near future. Therefore, it is very difficult for LUNA to continue to reach new highs.

The survey shows that 84% of crypto practitioners with $5 million are self-made, which is simply impossible in other industries. For the majority of people who have no resources and no background, what could be more worthy of us than the crypto industry?