The over-the-counter price of Bitcoin in Russia has exceeded $60,000

Russia said it would continue to act in Ukraine until the goal was achieved. This war, with both sides refusing to give in, is expected to last for a long time and will consume a lot of financial resources of both countries. The impact of the war on the financial market is also obvious. Russia is a major exporter of crude oil and natural gas. Now it is under comprehensive sanctions, and resources continue to soar. Crude oil has hit a new high since 2013. The rise in basic energy will soon be reflected in our lives. Cryptocurrency is a solution to evade sanctions. The real transaction volume of Bitcoin continues to rise and has risen to the highest level in nearly three months. The over-the-counter price of Russian Bitcoin has exceeded $60,000, and the demand is still very strong. At present, the area where Bitcoin is located is a strong pressure area, but Bitcoin is still relatively strong, and there is no great selling pressure. It is expected that after the shock, it is expected to rise further. Because of the war, American traders canceled their bets on a 50 basis point rate hike in March. There is a high probability that the rate will only be raised by 25 basis points. The negative impact is less than expected, which is a positive for the risk market.

Ukraine continues to call on everyone to donate with cryptocurrency. The official address has received more than $50 million in donations. The founder of Polkadot has also fulfilled his promise and donated nearly 300,000 DOTs, about $6 million, to the Polkadot address. The Ukrainian official is even playing the "routine" of the currency circle. On March 4, a snapshot of all donation addresses will be taken. Airdrops will be issued in the future, which will trigger people's desire to donate further. The final rules are related to the time and amount of donations. It is estimated that it will not be easy to make money through this.

Airbnb CEO said in an interview with CNBC that he is very supportive of cryptocurrency, which is an interesting technology and will accept cryptocurrency payments in 2022, but not so quickly. This is also a potential positive for this year. Once Airbnb accepts cryptocurrency payments, it means that cryptocurrency will become real currency wherever we live in the world.

Morgan Stanley plans to buy more Bitcoin in 2022. They bought a lot of GBTC in 2021. Another traditional giant comes. Every time he enters the market, it will bring a wave of major upward trends. The coins on the market are not enough for them to buy.

Billionaire Mobius said that Russians should buy Bitcoin to protect their assets. Madman agrees with this view, even if it is to buy stablecoins, otherwise the ruble fluctuates by tens of percent a day, which is really unacceptable. This also fully proves that unstable currency is still called currency. When everyone thinks in a currency-based way in the future, all assets will fluctuate around Bitcoin, not Bitcoin itself.

The US hedge fund Citadel is preparing to enter the crypto market this year. The company's CEO has previously warned young people to stay away from digital assets and there is no need to use cryptocurrencies. Now he admits that he was wrong to stand in the opposition camp on the issue of digital assets. People who are knowledgeable enough will eventually embrace cryptocurrencies, and in the end, it will be the mob that will take over. So our bull market can still go on for a long time.

In the past 30 days, Ethereum has added 4.19 million NFT assets, 130,000 per day, but the trading volume has dropped by 30%, indicating that the NFT market is moving towards a situation where there is a price but no market. The number of creators has soared, but the number of buyers has not increased. In the future, there will be a large number of zero-value assets. Don't speculate on things you don't understand.

Electric Capita raises $1 billion for new crypto fund, $400 million invested in primary market and $600 million invested in secondary market. Incremental funds are coming again.

Fear Greed 52, Neutral.

Coin News:

Bitcoin: Cryptocurrency has returned to the $2 trillion mark, and Bitcoin's performance has contributed greatly. Data shows that investors who bought above $50,000 previously basically sold at 35,000-38,000, while long-term holders have been holding firmly. In the absence of supply, the continued increase in demand will bring Bitcoin to a new rebound height, so be patient and hold the currency.

ETH: Funds started to flow back today. There is a chance for a rebound. Hold on.

DOT: The 300,000 DOT tokens donated by the founder to Ukraine have become potential market crash tokens, so they have been mainly weak in the near future.

AVAX: Nearly 19 million AVAX will be unlocked on March 4, accounting for 15% of the total supply. Such a large unlocking amount and such a multiple increase will definitely bring huge selling pressure. It is recommended to liquidate the token in the short term.

LUNA: Defi locked-in volume exceeded 23 billion US dollars, setting a new record high, of which the ANC protocol accounted for 50% (11.5 billion). The two currencies moved forward hand in hand and walked out of the continuous independent rise. Its public chain stablecoin UST circulation exceeded DAI, rising to the fourth place in stablecoins. Luna's locked-in volume exceeded 30 billion US dollars, and the pledge accounted for 41% of the total. The data is very good, and at this time, we should consider gradually reducing our positions.