The market panic index is 27, which is still quite panic

The situation between Russia and Ukraine continues to deteriorate. The Russian Foreign Minister emphasized that the Minsk Agreement is the only option to resolve the Ukrainian issue. People in eastern Ukraine have begun to evacuate in large numbers. Today's decline in the bitcoin price is related to expectations of worsening war. Anyway, it doesn't matter whether it falls first or later. Once the U.S. stock market opens, the blow will be made up. The bitcoin price has entered a strong support area. There is no need to panic too much. Just wait patiently for the market to stabilize.

The EU Commissioner for Affairs said that the EU will be open to cryptocurrencies and that appropriate methods are needed to regulate them to prevent criminals from taking advantage of their anonymity. Europe and the United States have already taken the lead in the world in accepting cryptocurrencies, and the remaining popularization is only a matter of time.

ARK Fund bought nearly 100,000 shares of Coinbase this week, and nearly 150,000 shares of GBTC. Wood's fund began to increase its holdings significantly. In the foreseeable future, she is building a position on the left side.

The UAE will issue licenses to cryptocurrency companies before the end of the first quarter. The cryptocurrency circle in Dubai has been very popular recently, and many people in the domestic cryptocurrency circle have settled here. After complying with the UAE regulations, the cryptocurrency circle will be a thriving sunrise industry.

California political consultant Calderon said that he and Bitcoin expert Porter have drafted a new proposal to pass legislation to make Bitcoin the legal currency in California. States across the United States are scrambling to pursue Bitcoin, and this is just the first step in the world. The best is yet to come.

Binance joined the Russian Banking Association and became the first crypto platform in the association. Binance will help Russia study crypto regulation in the association and maintain dialogue with Russian legislators. Russia's turn this time was really fast enough, quickly embracing the crypto market and starting to develop vigorously.

Dadao Securities is launching Bitcoin trading, and brokerage firms are also here to attract money, which will bring a lot of stock market funds to Bitcoin.

The Canadian Bitcoin ETF received more than 1,200 bitcoins in a single day last Friday, becoming the second largest single-day inflow in history. Canada’s three Bitcoin ETFs already hold 60,000 bitcoins. The limited total amount of bitcoin will be divided up in various fields and eventually emerge from a long-term upward trend.

SlingTV in the United States announced that it will support cryptocurrency payments through Bitpay. Another large-scale company has accepted cryptocurrency. In the future, cryptocurrency will be an indispensable payment method around the world.

OpenSea suffered a cyber attack, and hackers stole a lot of NFT tokens, including AzukisBAPE, CoolCats, etc., with a value of more than 4.1 million US dollars. These digital collectibles are not very safe to put on the platform. It is the same logic as the theft of the exchange, and it is difficult to completely avoid it. Therefore, whether NFT assets can become a value storage is really a question mark. As the market matures, such problems should be cured.

Panic 27, it's still quite panic.

Coin News:

Bitcoin: 36,000-41,000 are both strong support areas, so as long as it does not deviate too much from this range, the risk of Bitcoin is not great. If it really falls below again in the future, it means a huge amount of locked-in shares, and it will take longer to come up. Anyway, we have plenty of time, and the final result will be good. In the short term, 38,000 can resist, and we will see if there will be bargain hunting funds when the Americans get up at night. It is expected that a big rebound will have to wait until Europe and the United States go to work on Monday night.

ETH: GAS fee is reduced, and the amount of destruction is reduced. Weak linkage.

ADA: Dex’s locked-in volume exceeded 200 million US dollars. As the market fell, its locked-in volume did not decrease but increased instead. Last week, the locked-in volume increased by 126 million US dollars. It seems that the increase in ADA network addresses is real. There should be some big guys organizing activities offline. After stabilization, there should be periodic opportunities.

This is a test of human nature, and many people should be on the brink of collapse. If there is another wave of panic, periodic opportunities will emerge.