A little association caused by market panic
On the evening of June 25, Tether issued 250 million USDTs. We all know that the USDT is a special cryptocurrency that compares to the U.S. dollar. The Tether official stated that every USDT issued will deposit a dollar in the bank. Currently, USDT ranks ninth in market value in cryptocurrency.
This news revealed to us investors that there have been some investment institutions or large investors entering the market to purchase the USDT, but this 250 million usdt will not play a big role in promoting the entire cryptocurrency market. Personally think that this It's more like a precursor to big companies entering the market waiting to buy.
Let's look at it, bitcoin fell below 6000 US dollars, bitcoin trading volume surged, some panic selling, others also bargain hunters, 6000 US dollars is a sensitive position of bitcoin, is also the position of the long and short sides compete for, the most important Yes, 6000 US dollars is a cost position for most miners to dig up bitcoins. Breaking below 6000 means that they have fallen below the miners' defenses. Many small miners have already closed miners, and some miners who have bought loans have sold them. So bitcoin fell below 6000 and caused trouble for everyone. Not only investors, miners are miserable.
On June 26th, Bitcoin re-started for $6,200, then went down to around 6150. In this position, the Air Force is still very difficult to short. According to previous data, the bottom support of 6150 is very solid. However, in this position, at this point in time, there is no great news, and it is very difficult for many parties to do more, so there is a large probability that this position will be sideways for some time. The future market needs to be observed. It is now at the World Cup.The entire market is still unclear, and a slight bad news will cause panic. It is recommended that friends who leave the room continue to wait and see.
Bear market we can not change, we can exchange more learning blockchain technology, blockchain technology value supports the value of cryptocurrencies, so that more or less understanding of blockchain technology is very important for investors.
Although the state is suppressing digital currency, it is also studying blockchain technology. This shows that the country values this technology very much. I personally prefer to view the blockchain as a new concept born of the Internet. Now we are in the age of the informational Internet. Traffic and fans are very important, and blockchain technology can help us to transition to value internet and be able to transmit value on the internet. This is a step across the ages!
The current blockchain technology is still very early. There are actually not many talents who can really understand the blockchain technology. So we are very far-sighted to start learning the blockchain technology. Perhaps not everyone can succeed, but I believe that our group of early-stage devotees must have one. Two or more will become leaders in this industry in the future, so you are full of possibilities in the future! ! !