Today the market has come out of a relatively pessimistic market, and the market sentiment has inevitably become agitated.
The biggest impact is the continued shutdown of domestic mining projects. Hefei Online published an article "Comprehensive Clean-up and Shutdown of Virtual Currency Mining Projects in Our Province" today. The article pointed out that in the next three years, the province's power supply and demand situation will be grim, and there will be a large supply guarantee gap. While focusing on both "built-in" and "external introduction", Anhui will comprehensively clean up and shut down virtual currency mining projects, and promote the implementation of residential electricity prices for new residential quarters and public building heat pump systems. Specifically, Anhui Province will strictly control new high-energy-consuming and high-power-consuming projects in areas where the situation of dual control of energy consumption is severe, the space for energy use is insufficient, and the balance between power supply and demand is tight. Clean up and shut down virtual currency mining projects built under various names.
Henan Province also issued a similar statement that domestic virtual mining projects were being liquidated at an accelerated pace. Afterwards, the news also appeared on Weibo’s hot search, ranking ninth.
Again, although this kind of news may not have a great impact on the market at present, it is still not very positive on the emotional level, and it is spread by people with a heart, which makes the situation seem to be further magnified.
Of course, there is good news on the market, but it has not been magnified in time.
S&P Dow Jones Indices has launched a new cryptocurrency broad digital market index, which includes more than 240 currencies, allowing investors to quickly grasp the performance of the broad cryptocurrency market. As the crypto asset market continues to grow, solutions based on transparent benchmarks and indices for cryptocurrencies and blockchain assets are more important than ever. Digital market indices will make it easier for investors to access and evaluate this emerging technology-driven asset class, while potentially reducing some of the common risks associated with traditional speculative markets.
The approach of foreign traditional institutions to the cryptocurrency market is relatively obvious and timely, and with more and more regularized indexes, the exposure of cryptocurrency will increase. In the long run, it is an indisputable benefit.
On the other hand, according to data monitoring on the Tokenview chain, in the past week, the inflow of Bitcoin on exchanges has continued to shrink, and the net inflow has shrunk by 54% compared to last week, which is comparable to the same period last year. The biggest change was Binance exchange, whose net inflow decreased by 4 times week-on-week. If the time is extended a bit, from June 28 to July 11, the Bitcoin reserves held by all exchanges have decreased by more than 16,100 BTC.
The reduction of BTC on the exchange can be understood as a benefit to Bitcoin. After all, everyone withdraws from the exchange and puts it in their wallets, so they have a long-term plan to hold the currency, and this also means that there are fewer sell-offs in the market. pressure.
On the whole, if you look at the actions of the foreign cryptocurrency market at present, there are many good news, and it is from the long-term benefits of the entire industry, but some short-term factors are more pessimistic, such as the suppression of news, and huge empty orders The pressure will form an immediate pressure on market sentiment and prices in the short term.
Back to the market, there is nothing to say about the current market. Overall, it is fluctuating, and it is still weak in the short term. Today, it fell at the opening of the market, and it fell in two waves. The first wave started at 8:00 in the morning. The second wave started at 11:00 noon, and it seems that it has not ended yet, and it is expected to reach a new low within the day.
From the market point of view, it has reached the lower track of Boll. In the past two days, the support of the external market at night is not very strong, which has led to a continuous decline after the opening of this week. At present, the target below is only the position of the second low point. , which is the support of $30,000.
Risk warning: Investing in digital currency is a high-risk investment behavior. The content of this article is for reference only and does not constitute investment trading advice. Investors are requested to invest rationally: investment is risky, and caution is required when entering the market.
Risk warning: Investing in digital currency is a high-risk investment behavior. The content of this article is for reference only and does not constitute investment trading advice. Investors are requested to invest rationally: investment is risky, and caution is required when entering the market.
