BTC reaches the 70,000 mark again after nine days‼

The purchasing power of long-term BTC holders increases

9 billion BTC options are set to expire on Friday and may have been the catalyst for last night’s price increase. ‼

EU Not Banning Self-Hosted Cryptocurrency Exchanges or Wallets

1. The London Stock Exchange confirmed that it will launch trading in Bitcoin and Ethereum cryptocurrency exchange-traded funds (ETNs) on May 28, 2024.

2. Fed Goolsby: We need to see progress in lowering inflation, and three interest rate cuts in 2024 are in line with my thinking.

3. Although it fell below 61,500 US dollars in stages, investors at 65,800 US dollars not only did not leave the market, but continued to buy, and every time it fell below 65,800 US dollars, the buying mood was actually good.

4. All BTC on the exchange continues to decrease. This means that although the purchasing power may be insufficient,

But they can still passively absorb all the selling pressure. Moreover, these investors are not short-term investors, which will cause the total amount of BTC on the exchange to continue to decline.

5. BlackRock’s head of digital assets said: The recent rise in Bitcoin and the rise in U.S. stocks are synchronized.

But even so, Bitcoin will still be a great portfolio diversifier. close

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