Is it a good time to buy at 64,000? 20240425

Is it a good time to buy at 64,000? 20240425

[Music]
April 25th Thursday is the highest to
crypto and blockchain Industry I’m Zoo
welcome to the headline sponsor by
decoin yes sir after failing to break
through 67,000 multiple times Bitcoin
started to fluctuate and decline around
8:00 p.m. reaching a low of 63 602
around 4:00 a.m. today as in 2 p.m.
Bitcoin is at 6 4 234 down 3.7% in
nearly 24 hours ethereum follow
bitcoin’s decline almost losing 3100 at
1 Point currently at 3157 down 3% in 24
hours most of the other top 10
cryptocurrencies where market cap have
also declin in nearly 24 hours except
for B&B which is still about 600
slightly up
0.02% so Dodge and Ada all have a drop
of nearly 6% since March Bitcoin has
repeatedly tested the 60,000 level each
time quickly rebounding after breakdown
indicating that many investors chose to
buy the dip at this price level
therefore this is a support level worth
paying attention to since bitcoin’s
rebound from the bottom of 59,000 on
April 17th the taker by sell ratio has
also seen a slight uptrend but after
entering above one the trend has been
significantly hindered although
bitcoin’s price continued to rise in the
early part of last week the taker value
still failed to move up effectively and
fell below one after bitcoin’s decline
in the past few days this also shows
that most investors are bearish at
present when the market is rising
sentiment consensus is still needed but
when the market is failing Panic can be
easily triggered indicating that 64,000
is not an ideal level to buy the dip
affected by the Bitcoin Hing minor
mining revenues have seen a significant
decline but the recent craze in ordinal
Market has brought the rate of light to
miners allowing them to enjoy excess fee
income the H of mining Revenue has had
an impact on the group of miners with
older mining risks and there has been
some selling sentiment in the market in
the past few days minor reserves have
declined from a high of 1.87 million
Bitcoin to 1.85 million Bitcoin a slight
drop of nearly 2,000 Bitcoin the overall
holding amount remains at a relatively
high level and the sentiment of the
mining group is still relatively stable
without significant signs of selling
compared to Diamond hands who invest
clinically miners are truly a stable
money printing machine in the crypto
Market in the cryptocurrency world the
Bitcoin Hing is always a heavyweight
bomb drawing the attention and
speculation of countless people first
let’s review the history between hings
each Hing has been like injecting new
Vitality into this virtual world however
this Vitality is not immediately
apparent in fact after the hings in 2016
and 2020 bitcoin’s price did not immed
into the Skyrocket but instead
experience a period of volatility but in
the long run the Haring did drive up
bitcoin’s price so what will be
different this time coinbase as a
leading Global cryptocurrency exchange
platform has provided an in-depth
analysis of the market Trend after the
Hing and the potential variables in the
global economy let’s take a look
together coinbase believes that while
the direct impact of having on bitcoin
prices may be limited the increase in
Bitcoin scarcity it represents along
with the resulting boost in investor
confidence will be significant factors
driving Market uptrend coinbase sees
stablecoin net growth as the primary
means of injecting liquidity into
altcoins stable coins participate in 65%
of the daily average trading activity of
deck and overall stable coin activity is
nearing previous historical highs
concerns about Rising inflation have led
to an increasing correlation between
Bitcoin and gold in March and April
indicating bitcoin’s strengthening
position as a sensitive macro asset in
the absence of specific cryptocurrency
catalysts such as the approval of spot
ETFs under the same condition the
Bitcoin Haring simply like injecting a
strong dose of adrenaline into the
crypto World although we all know that
changes in the macroeconomic environment
and a constant emergence of crypto
vertical Industries have always been
Catalyst for igniting cical bow
markets despite potential sideway
movements for a period each major cycle
has been accompanied by a surge that
breaks past the previous highs this
process is like simmering a good soup it
needs to be cooked slowly with each
cycle having its unique flavor our
current soup H May taste even more
unique due to the influx ETF funds like
a tidal wave while risk investment is
relatively restrained Hong Kong this
International Financial Center is about
to witness a revolutionary event in the
cryptocurrency realm
the Hong Kong Securities and Futures
commission has officially approved the
spot Bitcoin and ethereum ETF products
from haasi fun Harvest fund and Bobo
fund this means that investors will be
able to directly purchase these
cryptocurrency spot ETFs through
traditional Securities accounts enjoying
the investment opportunities brought by
the cryptocurrency market now six
Bitcoin and ethereum spot ETFs are set
to be officially listed and traded on
April 30th causing a huge Stir of among
investors according to analysts at
Bloomberg these spot cryptocurrency ETFs
are expected to accumulate assets under
management of approximately $1 billion
doll within the next one to two years
the issuance of these spot ETFs will
also trigger a fierce fee War currently
the disclosed fee rates by various
issuers are
0.30%
0.6% and
0.9% significantly lower than Market
expectations this strategy seems aimed
at attracting more investors and
capturing market
share the outcome of this fee war will
directly impact investors returns and
the competitive landscape of the
market this figure not only showcases
the enormous potential of Hong Kong’s
cryptocurrency Market but also reflects
investors enthusiasm and confidence in
cryptocurrencies it’s worth noting that
although Hong Kong’s cryptocurrency
Market booming Mainland Chinese
investors cannot directly participate
due to policy restrictions this will
likely have some impact on inflow of
funds into Hong Kong spot cryptocurrency
ETFs however this has not prevented Hong
Kong from becoming an Innovation Hub in
the cryptocurrency realm the listing of
Hong Kong’s Bitcoin and ethereum spot
ETFs not only provides investors with a
new investment Channel but also brings
new development opportunities to the
cryptocurrency
market as regulations become clearer and
the market environment continues to
improve in November last year Finance
funder CZ admitted to violating us
anti-money laundering laws and other
charges stepped down as bance CEO and
paid a 1.75 billion US doll bond for
release after months of waiting the
sentenc hearing will take place on April
30th since C pled guilty and cooperated
many legal experts believe he’s likely
to avoid prison time however some
prosecutors argue that B’s involvement
in a Hamas money laundering case should
be highly unfavorable for CZ now with
just a 5 days until the sentencing
hearing CZ has appeared in the public
eye with an apology letter in what seems
to be a plea drama similar to spf’s case
let’s take a look just before the trial
ja Chang Pang sent a letter of apology
to judge Richard A Jones who presided
over the case and in the letter he
expressed regret for his wrong decisions
and acknowledged the need to take full
responsibility for his actions in
addition to his apology letter there
were 161 letters of support from family
friends and others pleading for Xiao
Chang Pang among these letters the
mother of cz’s three children he ye
likened Xiao Chang Pang to a guardian of
the crypto
Wilderness and shared anecdotes of the
children supporting their father hoping
that the judge wouldn’t Define Xiao
Chang pang’s character solely based on
this
incident however just as Z and his loved
ones were making efforts to plead for
leniency the US Department of Justice
dropped the bombshell they recommended
sentencing Z to 36 month in prison and a
50 million fine this recommendation is
much harsher than the 18 months in
prison Z was originally expected to face
in a sentencing memorandum the justice
department stated that Z’s Miss
misconduct was extensive and
consequential making the increased
sentence appropriate in this plea drama
each of Z’s apology letters and support
letters serves as a bargaining chip in
his defense while the justice department
sentencing recommendation is a heavy
blow putting him in an even more passive
position regardless of the final outcome
this storm has become an indelible Mark
in binance history what sentence will Z
ultimately face and what will become his
Finance
Empire on the 18th of this month the
leading stable coin issuer T announced
the implementation of a new corporate
framework establish sub theories focus
on data Finance energy and education to
expand its business scope beyond the
usdt product T CEO Paulo anduo hopes to
disrupt the traditional Financial system
and reshape the financial landscape with
the stable coin usdt as the saying goes
the taller the tree the more more wind
it tracks the more arrogant you are the
more people will come to straighten you
out although most US dollar stablecoin
issuers including the market leader usdt
and currently not subject to us
regulations last week the latest
proposed us stable coin act aims to ban
algorithmic stable coins require issuers
to fully back their tokens 101 and
Implement anti-money laundering
Frameworks if this acts eventually pass
it will impact Ted’s
dominance rating agency SP Global noted
that the stable coin Bill authorizes
National non-depository Trust companies
registered with the Federal Reserve to
issue up to 10 billion do in stable
coins without restrictions on depository
institutions giving Banks a competitive
Advantage moreover this bill is unlikely
to have a significant impact on stable
coins already regulated by the New York
Department of Financial services
nydfs including PayPal USD Gemini USD
and pao’s USD as they fall well below
the 1010 billion threshold additionally
since tether is issued by non us
entities it is not a permitted payment
stable coin under the proposed Bill
meaning us users cannot hold or trade
tether potentially reducing demand while
boosting as issued stable coins the
regulation in the governance of stable
coins has been an old topic of
discussion the US has been talking about
regulating St coin since 2021 and has
drafted a stable coin regulation but it
is still just talk on paper with no real
Hammer falling this pace is really too
efficient perhaps this time the stable
coin Act is truly unfavorable for usdt
but given the efficiency of the US
government’s legislation and the speed
of the Regulatory Agencies who knows
when the stable coin Market will be
reshuffled just think about how the SEC
has been dragging its feed on approving
the Bitcoin spot ETF and then the
ethereum spot ETF the US leg legislative
and Regulatory Agencies work at the same
time slow pace the blockchain industry
is developing raply and if the
Regulatory Agencies can even keep up
with the basic speed how can they talk
about regulation up bit’s trading volume
accounts for over 80% of the total
trading volume in South Korea elevating
its Global sex ranking to fifth place on
par with
coinbase data disclosed on the xplatform
reveals that salana surpasses all other
chains including Bitcoin and ethereum an
annual nft blockchain user adoption rate
accounting for 33% and boasting 1.3
million blockchain users chain gaming
studio infin Gods announced securing $8
million in series of funding exclusively
invested by panta Capital the number of
Traders on ethereum’s decks has dropped
from over 95,000 earlier this month to
63,000 last week marking the lowest
level of Trader count since February
recently the first quarter transaction
volume of nft backed lending Market
surpassed $2 billion witnessing a
continuous 44% growth compared to the
fourth quarter of
2023 the regulation and the governance
of stable coins has been an old topic of
discussion the US has been talking about
regulating stable coins since 2021 and
has drafted a stable coin regulation but
it is still just talk on paper with no
real Hammer falling the this pace is
really too efficient perhaps this time
the stable coin Act is truly unfavorable
for usdt but given the efficiency of the
US government’s legislation and the
speed of the Regulatory Agencies who
knows when the stable coin Market will
be reshuffled just think about how the
SEC has been dragging its feed on
approving the Bitcoin spot ETF and then
the ethereum spot ETF the US legislative
and Regulatory Agencies work at the same
time slow pace the blockchain industry
is developing raply and if the
Regulatory Agencies can’t even keep up
with the basic speed how can they talk
about regulation
[Music]

Timestamp

0:00 Video introduction
00:53 4.25 On-chain Quotes
03:22 Coinbase predicts the market outlook
05:56 6 Hong Kong version ETFs launched on April 30
07:31 A “pleasure drama” was staged on the eve of Zhao Changpeng’s trial
10:57 USDT may be banned
12:03 Major events in the currency circle【会员福利】
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The investment risk of virtual assets is very high, the content of the video is purely for sharing, not financial advice.

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