#CKB助力比特币生态 #CKBUSDT
As the largest cryptocurrency, Bitcoin continues to gain adoption and recognition. However, its success has also exposed some limitations and challenges, particularly in terms of scalability. For example, after the Segwit upgrade, the Bitcoin blockchain limits block sizes to under 4 MB, which restricts the number of transactions that can be processed in a given time. As the network grows, this limitation leads to longer confirmation times and higher transaction fees, reducing Bitcoin's efficiency in handling large transaction volumes. Compared to other blockchains, Bitcoin's scripting language currently lacks the flexibility and expressiveness needed to develop complex smart contracts, aside from value transfers.

Bitcoin was expected to reach a new high, but it fell below the $70,000 mark. Are you guys scared?
The global market faced a 'indiscriminate' sell-off on Thursday night, impacting gold, the US dollar, the US stock market, US Treasuries, and Bitcoin. The market performed as expected in October, where Bitcoin did increase, but unexpectedly, altcoins did not follow suit!
The pressure point for Bitcoin's new high is still significant. After failing to break through, it has entered a correction phase. This morning, Bitcoin led the way down, causing a waterfall decline in all spot markets.
The current market price is around $69,700 for BTC and around $2,500 for ETH!
Bitcoin slightly retraced last night, following the US stock market, which was within expectations.

Last night, the privacy-focused and secure computing network Nillion announced the completion of a new round of financing of US$25 million, led by Hack VC, with participation from Arbitrum, Worldcoin, Sei, and a group of venture capitalists and angel investors. As of now, its total financing has exceeded US$50 million.
Nillion’s backers include venture capital firms such as Hack VC, Distributed Global, and Hashkey. Angel investors include KOLs such as Ansem, Arthur Hayes, and Meltem Demirors, as well as leaders of projects such as Worldcoin, Injective, and Sei.

Nillion completes $25 million in new funding round, bringing total funding to $50 million

BTC lived up to everyone's expectations. At about 7 a.m. this morning, the price once again exceeded $70,000, once exceeding $71,600, with a 24-hour increase of more than 4%, and now hovering around $71,000. After the correction in the past few days, some altcoins finally rebounded. Dogecoin soared 17% due to Musk's call, and has now risen above $0.16.
In terms of contract data, according to Coinglass, $173 million of positions were liquidated in the past 24 hours, including $69.7824 million of long positions and $103 million of short positions. Both long and short positions in the market exploded.

The market is trending upwards, what factors are at play?

Multiple factors combined led to last night's panic selling, but the bears weren't very strong and didn't push it down much, instead allowing institutions to pick up cheap chips.
After the US stock market opened and started to fall, financial media reported that Israel's airstrikes on Iran caused a plunge below 65600. The cryptocurrency market reacts faster than the real world; the airstrike news was only released at 7:30 AM, but the drop started from midnight.
Will the Bitcoin market continue to be affected?

From the current market, Bitcoin has re-entered the oscillation range at the 4-hour level. Although it got two bounces around 65500 last night, it is expected to be repeatedly verified. If it breaks below 64000 in the short term, it means the 4-hour trend has temporarily ended, but it doesn't affect the daily level.

There are about two weeks left until the U.S. presidential election. Many Bitcoin enthusiasts expect Donald Trump to be the winner. The reasoning behind this idea is that if Trump wins the election and becomes president, he will implement policies to free the cryptocurrency industry from the clutches of regulators. Many investors predict that if Trump is indeed elected, Bitcoin could rise to $100K!

It seems that the scales of victory are also tipping toward Trump. The probability of Trump winning on Polymarket has risen to 64.5%, leading Harris by nearly 30 percentage points. Recently, Goldman Sachs, JPMorgan, Deutsche Bank, and others have collectively voiced their opinions, and Wall Street's 'smart money' has begun to all in on the 'Trump trade.'

GOAT's market cap has reached a new high, and AI leaders continue to make strides.
Goatseus Maximus (GOAT), an AI-based meme coin, is gaining popularity lately. After Binance announced it would list this cryptocurrency, it reached a new historical peak. Following this development, the price of the GOAT meme coin rose to 0.88 dollars.
This development has sparked market speculation; some believe the market cap could exceed 1 billion dollars. Will this happen?
The rise of GOAT might be influenced by news; A16z founder Marc Andreessen revealed in a podcast today that the development of the Truth Terminal AI robot facilitated the birth of the Meme token GOAT. This AI initially drew attention by promoting the GOAT meme and later created the GOAT token, quickly reaching a valuation of 500 million dollars. Andreessen believes this is the first true fusion of AI and cryptocurrency, showcasing the innovative potential from the convergence of two major technological fields.

Following yesterday's surge, GOAT's market value has surpassed $800 million today, setting a new historical high.
According to Bitget market data, GOAT has risen and surpassed $0.8, currently quoted at $0.79, with a 24-hour increase of 40%, and a market value exceeding $800 million.

Additionally, the official announcement states that GOAT U contracts will be launched today at 5 PM on October 24th, and spot trading should be coming soon.

So, what unique aspects does Goat have as another black horse Meme emerging from the blockchain after Bome? Is the Meme wave coming again? In this article, I will introduce it to you.
What is Goat (GOAT)?

After six months of turbulence, Bitcoin is once again near the $70,000 mark. Tonight, with institutions back in action, it should easily break through $70,000.

In previous articles, we wrote about several signs indicating the market's upcoming rise, and the market subsequently exploded as expected. However, what is particularly strong is Bitcoin, while altcoins haven't followed much.
We anticipate the subsequent market trend, which may resemble the performance after last October: experiencing a long consolidation followed by a massive breakout.
I have mentioned many times that Q4 will bring a super market trend. As we have seen in the past two days, Bitcoin's movement shows that the market is racing towards the 70,000 mark. When it truly breaks through, that's when the market will really perform. In November, alongside the election and interest rate cuts, coupled with the liquidity about to be released by FTX, I believe the market will become even crazier.

The market is expected to fluctuate upward, and Bitcoin remains strong. After touching the high of 69,000 in the early morning, it fell back and entered the consolidation stage.

Today is Saturday. Generally, the fluctuation will not be large. Excluding the impact of news, BTC's weekend fluctuation range is between 69,000 and 67,000. The operation should be mainly stable. After all, there will be no large funds entering the market on weekends.

Bitcoin broke through a new high again last night. Did the assets in your account increase? Bitcoin has already risen last night. It is the weekend, and the market is expected to start a small-scale sideways correction at a high level. If there is no market, take a good rest!

At 2 a.m. Beijing time on September 19, the Federal Reserve announced that it would lower the target range of the federal funds rate by 50 basis points to 4.75%-5%, the first rate cut in four years. Since March 2022, the Federal Reserve has launched an almost unprecedented round of aggressive rate hikes, and has maintained the policy rate at a high level of 5.25%-5.5% since July 2023.
Cryptocurrency started to rise in response, with Bitcoin rising from a low of 60,000 on September 19 to 66,000 on September 28, a 10% increase, which marked the beginning of this year's bull market. The crypto market is once again flourishing, with all sectors starting to flourish and a hundred schools of thought contending in an unprecedented era!

In the past few days, Bitcoin has fallen sharply, almost 10% has been lost, and those copycat and MEME coins have also fallen, and the entire crypto market has been hit to pieces. Why is this? You will understand after reading this!

First, the fighting broke out in the Middle East. The United States even asked its embassy staff to flee. Once there was chaos in the Middle East, the financial market was like the rewind button was pressed, and it fell rapidly. Others fired missiles, but our accounts were blown up! Is it outrageous? It was definitely painful. The rally brought about by the interest rate cut was suddenly brought back to its original state.

Let’s analyze the logic behind the rise and fall of the cryptocurrency market this week.

Although the market crashed unexpectedly due to Trump's recent announcement, the market is likely to regard the interest rate cut at 2 a.m. on Thursday as a positive event. The price of the currency soared before the interest rate cut meeting, from 52,000 to more than 60,000. According to this logic, Bitcoin will continue to rise in the next few days, and then when the interest rate cut is announced in the early hours of Thursday morning, the good news will be exhausted, and a small correction will begin.
However, the above is normal, because there is a very big uncertainty this time, that is, whether the interest rate will be cut by 25 or 50 basis points. If the result is 0.25%, instead of the 0.5% that everyone expects, then the market will most likely usher in a wave of declines.

Is the bull market still here? Or is the bear market slowly approaching?
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┇ Multi╮ Quiet period before FOMC meeting        ➠ Volatility ┇
┇ Short┆ Fed cuts interest rates by 25 basis points vs. 50 basis points ➠ Volatility ┇
┇ 建┆ Economic hard landing VS soft landing      ➠ Fluctuation ┇
┇ 仓╰ Trump VS Harris debate ➠ 流体 ┇
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☘️September is the golden month, which has historically been the month of rebound after a sharp decline.

The public chain sector has always been a battleground since the birth of blockchain. As the foundation of blockchain development, a successful public chain will not only gather most of the funds and popularity in the market, but also influence the development trend of the market through its own ecological construction.
After the birth of the Ethereum chain, smart contracts began to prevail, and everyone could issue coins. After the Binance chain became popular, the Pink Platform could sell up to 9,000 projects a day, and the subsequent success of chains such as SOL opened up the Layer2 technology competition, with low fees and high speed becoming the new public chain standards.