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【February 2nd Cryptocurrency Market News and Data Analysis】
1. This week's macro outlook: Non-farm data is coming, and the trend of #GOLD may affect the flow of funds;
2. Antminer #S19 and other lower series miners have reached the shutdown coin price, while the Antminer S21 series is close to the shutdown coin price range of approximately $69,000 to $74,000;
3. Overview of this week's unlocking data: #HYPE , BERA, XDC, etc. will welcome a one-time large token unlocking;
4. The Hong Kong Monetary Authority plans to issue the first batch of stablecoin licenses in March.
On Monday, market sentiment remained tense, with the US dollar performing strongly, while Asian and US stock futures generally fell. Commodities suffered a significant decline, with gold and silver prices dropping sharply, and crude oil also saw a notable decrease. Factors causing the global market downturn include geopolitical influences and last Friday's surge in the US dollar due to Trump's nomination of a new Federal Reserve chairman, which recorded the largest increase in several months.
#BTC price has fallen back to approximately $74,600, below the average holding cost line of large institutions' strategies. According to mining pool data, under the current electricity price, the mainstream mining machine models in the market have reached or are approaching their shutdown price range. This represents double pressure for the cryptocurrency market, particularly for Bitcoin: on one hand, the overall market's risk-averse sentiment has weakened the attractiveness of risk assets; on the other hand, if the coin price continues to be below the operating costs of major mining machines, it may lead to some miners shutting down, thereby affecting network computing power and potentially triggering stronger sell-off expectations, exacerbating market volatility.
1. This week's macro outlook: Non-farm data is coming, and the trend of #GOLD may affect the flow of funds;
2. Antminer #S19 and other lower series miners have reached the shutdown coin price, while the Antminer S21 series is close to the shutdown coin price range of approximately $69,000 to $74,000;
3. Overview of this week's unlocking data: #HYPE , BERA, XDC, etc. will welcome a one-time large token unlocking;
4. The Hong Kong Monetary Authority plans to issue the first batch of stablecoin licenses in March.
On Monday, market sentiment remained tense, with the US dollar performing strongly, while Asian and US stock futures generally fell. Commodities suffered a significant decline, with gold and silver prices dropping sharply, and crude oil also saw a notable decrease. Factors causing the global market downturn include geopolitical influences and last Friday's surge in the US dollar due to Trump's nomination of a new Federal Reserve chairman, which recorded the largest increase in several months.
#BTC price has fallen back to approximately $74,600, below the average holding cost line of large institutions' strategies. According to mining pool data, under the current electricity price, the mainstream mining machine models in the market have reached or are approaching their shutdown price range. This represents double pressure for the cryptocurrency market, particularly for Bitcoin: on one hand, the overall market's risk-averse sentiment has weakened the attractiveness of risk assets; on the other hand, if the coin price continues to be below the operating costs of major mining machines, it may lead to some miners shutting down, thereby affecting network computing power and potentially triggering stronger sell-off expectations, exacerbating market volatility.
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