Since 2021, top companies from all over the world have begun to be inextricably linked with Bitcoin. It can be seen that some companies use Bitcoin as their asset allocation, and some traditional financial companies have opened Bitcoin investment services. , these companies have commonalities, but these commonalities do not form a point of intersection, and the Crypto Council looks like a good choice.

Led by three pricing fintech companies, Coinbase, Fidelity, and Square, they are currently joining forces with other companies in the cryptocurrency space to form the Cryptocurrency Innovation Council. The reason for its establishment is to lead the industry into a better regulatory environment. The main purpose is to seek to influence policy makers by conducting projects and research centered on the industry, outlining the ROI of cryptocurrencies and promoting cryptocurrencies in the global market.

We will provide useful information and counteract misinformation for policymakers, regulators and citizens around the world, the council said. We all want the same thing from technology: to create a better life for human beings, and the way to achieve this goal is based on high-quality information.

It can be seen from the reason and purpose of the establishment of the Council that these cryptocurrency companies are currently very worried about regulatory issues. Perhaps the top executives of these companies have sources of information that are unknown to the public. Recently, the CEO of Goldman Sachs also revealed the regulatory level. the wind.

Goldman Sachs CEO David Solomon said he thinks a "big change" is coming soon in the bitcoin and digital currency markets, especially as far as U.S. regulation is concerned. He also said that they face “significant regulatory requirements” when it comes to specific moves towards cryptocurrencies.

Although the CEO of Goldman Sachs did not disclose specific regulatory measures, judging by the formation of other and cryptocurrency innovation councils and the words of the executive, in the near future, the US regulators may make major moves on the cryptocurrency market.

Therefore, the current original intention and purpose of the establishment of the council is that these companies, such as Square, own bitcoin allocation, Coinbase itself is an encrypted currency service provider, and Fidelity is a traditional financial institution that provides bitcoin investment services. Once bitcoin suffers If there is strict regulation, other cryptocurrency companies represented by these three companies will be hit hard.

The establishment of the cryptocurrency council is to fight against regulation. The more members of the council, the more influential companies are, all for the purpose of having more negotiating capital in the process of formulating cryptocurrency regulatory policies with the government in the future. The power of the upper layer is too great, and the cryptocurrency industry has never had a large-scale organization. Once the regulatory layer chooses to be ruthless, the scattered companies can only be fished by mermaids. The formation of the council fills this gap. One vacancy.

Back to the market, the overall market trend today is still dominated by shocks. The low point is temporarily around $57,200, the high point is above $58,600, and the overall volatility is $1,500, which is in the range.

The disk is currently running in a triangle interval, and the fluctuation range is getting smaller and smaller. This afternoon's wave of bottoming once again touched the lower track of the triangle interval, and the smaller and smaller fluctuation range also means that the time to go out is coming.

Recently, the market sentiment has also become more and more unstable, especially after several failed attempts to hit $60,000, the patience of the market is also being gradually consumed. Therefore, if the direction is determined, the sentiment may explode more obviously in the direction of breakthrough. Don't hold heavy positions, wait until the direction is determined.

ETH: ETH has slowed down significantly today. It can be clearly seen that it is suppressed by the market and its own energy is weakening. Fortunately, the correction is not large. At present, we still wait patiently for the direction of the market.

Platform currency: Today platform currency is a bit divided. BNB continues to hit new highs but the driving force is slightly insufficient. OKB continues to rise close to 20 US dollars. HT is the first to wave the white flag. If you only look at BNB and OKB relatively strong.

DeFi: Temporarily shut down recently, just keep paying attention when it falls back.

DOT: It has fallen into a callback in the past two days, but this is the first callback after a 50% rise, which is a normal adjustment.