ETH has declined, with a trading volume of $30 billion in the past 24 hours and a circulating market value of $403.5 billion, representing a 2.22% decrease in market value. Data for reference only
Inviting you to join the personal meeting room of Fuxi Community. Click on the link to join the meeting directly: https://meeting.tencent.com/p/9309732027# BTC Market Analysis: BTC's recent price has been repeatedly tested around 100000 yuan, and its structure is still bullish. During trading days, the focus is on testing the key positions below. Currently, the key ranges below the market are around 105000 yuan and the neck line range. Overall, the bullish structure of BTC has not changed, but attention should be paid to the rapid pullback under the influence of news at a small level. Specific entry needs to pay attention to the fractal and signal confirmation of the key positions below! ETH Market Analysis: Compared to BTC, ETH's structure is relatively strong at the sub level. At the minute level, the market is currently testing the range of 3300-3310. If this range falls below during a trading day, the key level below will be in the range of 3240-3260. At the large level, it is currently in the bottom confirmation stage, and attention should be paid to the confirmation of key levels and signals below, especially the strategy of hourly level layout, which needs to be cautious! Regarding the BTC/ETH market structure, strategic layout, etc., detailed explanations will be provided in the live broadcast room. If you need it, please move to the live broadcast room! Join the Fuxi Community Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Study of professional technical analysis theory 3. Construction and improvement of trading system 4. Daily live streaming of courses, contract pages, and comprehensive analysis Tencent Meeting ID: 930-973-2027 QQ group number: 123116768 Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
Dogecoin (DOGE) retraced Tuesday's gains while Solana’s SOL jumped 8% higher as crypto markets rebounded on Wednesday to reverse some losses from earlier in the week.DOGE fell 7.5% amid profit taking, data shows, to trade at 36 cents in European noon hours, paring gains after a jump from 34 cents to 38 cents on Tuesday — when it surged following the display of its token’s logo on the Elon Musk-led Department of Government Efficiency website.The website was later updated in Asian morning hours Wednesday to show another animated image of a dog. It was updated again in the afternoon to showcase only its name and a dollar sign.Crypto majors showed mixed movement as bitcoin (BTC), ether (ETH) and BNB Chain’s BNB gained under 1% in the past 24 hours, while Solana’s SOL and XRP surged as much as 7%. The broad-based CoinDesk 20 (CD20) returned 2.57%.Hyperliquid’s HYPE token zoomed 13%, returning the most among large-cap tokens above a $5 billion capitalization. As such, traders look to Donald Trump’s executive orders and tariff decisions for cues on market positioning.“Crypto markets have dipped as traders take profit and wait to see the potential impact of tariffs on Mexico and Canada, which could impact stock markets when the US stock market opens tomorrow,” Jeff Mei, COO at BTSE said in a Telegram message. “However, we are optimistic that in the coming days and weeks, Trump will issue executive orders and roll back anti-crypto policies set by the Biden administration. With the recent appointment of pro-crypto Caroline Pham as CFTC Commissioner, we're already seeing positive signals,” Mei added.Traders such as FxPro’s Alex Kuptsikevich mirrored the thoughts in an email to CoinDesk.“The market’s rapid recovery is indicative of continued interest in risk assets. Bitcoin traded near the $105K mark. It was quickly bought back on Tuesday when it fell to $101K, but when it reached the $107K level early Wednesday afternoon, the market shifted to sellers. Clearly, optimism is high in the market, but an additional factor is needed for new momentum,” Kuptsikevich said.
Odaily Planet Daily reported that the CEO of Allianz stated that we expect the "extortion" behavior of regulatory fines to be significantly reduced under the Trump administration, and compared to the Biden administration, Trump will have a positive impact on the financial services industry. (Golden Ten)
According to BlockBeats, on January 22nd, Coindesk analyst James Van Straten stated that Glassnode data shows the hashprice indicator reaching 62 PH/s, which is a bullish signal in history. It is reported that hash price is an indicator created by Luxor to measure mining profitability. Most of the mining revenue in 2024 will be below the 365 day moving average (SMA). It wasn't until November that it returned to this moving average. Bitwise's European research director Andre Dragosch also stated that miners are in a healthier condition than last year. It has detected a recent decline in the hash rate of the Bitcoin network since its historical high in early January. At the same time, the price of Bitcoin has risen, and overall trading volume has rebounded again. This has led to a rebound in hash prices, which technically should incentivize miners to continue increasing hash rates. Overall, from the continuous increase in Bitcoin miners' holdings since the beginning of this year, it seems that Bitcoin miners have sufficient capital, which means that the amount of Bitcoin they sell each day is less than the amount they mine.
The Bitcoin community celebrated Tuesday night following President Donald Trump’s full and unconditional pardon of Silk Road creator Ross Ulbricht.Ulbricht was serving two life sentences plus 40 years but walked free in the early hours of Wednesday morning after 10 years behind bars.