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5 Must Reads in the Evening
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3 hours ago 4,301
1. Is Bitcoin falling below 80,000?

Today, Bitcoin fell below 80,000 US dollars, and the cryptocurrency fear and greed index also reached 10 yesterday (extreme fear). This is a 3-month time when investors see Bitcoin starting with 7. The state of extreme fear of market sentiment has lasted for 4 days. In less than a week, Bitcoin fell from 96,000 to around 78,000. And it also fell 28% from its historical high. Ethereum also fell 25% in less than a week. Not just the decline in the currency circle, global stock markets generally fell today. The author believes that the core reason for this decline is that Trump further imposed tariffs, which has led to further pessimism about macroeconomic expectations. As investors' psychological defenses are further defeated, the crypto market has also ushered in a continuous decline. Click to read

2. Bitcoin plummeted. Is hedge fund arbitrage trading the culprit?

The price of Bitcoin fell from $99,000 to below $80,000 in one week, almost falling back to the Bitcoin price before the US election. Crypto analyst Kyle Chassé believes that BTC prices have plummeted recently, one of the main reasons is that hedge funds' arbitrage trading is gradually fading. The following is a description of how this arbitrage transaction works - and why the collapse of arbitrage transactions will bring shock waves to the market. Click to read

3. Castle Securities' entry into cryptocurrency has a geometric impact on the industry

On February 25th, Castle Securities will enter the cryptocurrency industry and become a liquidity provider for exchanges such as Coinbase and Binance. Castle Securities is the largest market maker on the New York Stock Exchange, with a business span of more than 50. It handles about 23% of retail stock transactions in the United States and is known as the "shadow exchange of Wall Street." The institution is good at using high-frequency trading and data analysis to improve market liquidity and trading efficiency, especially in volatile markets. Click to read

4. Those who can survive in the currency circle have no luck

Many people say disdainfully that those who have experienced several cycles in the currency circle and have made a lot of money are gambling dogs and have good luck. Let me tell you the truth, don’t be jealous. No one who can gain great wealth in the currency circle and keep it is a lucky person, so don’t be dissatisfied.

I won’t talk about how many pitfalls there were in ancient times. That’s much thrilling than it is now. Just say that those who have made a lot of money and held a lot of money must have perfectly avoided all the following things when dealing with their large positions. Click to read

5. Qualitative Meme Coin: The US SEC sees Meme Coin this way

In order to more clearly explain the federal securities lawThe US SEC Finance Department is expressing its opinions on the application of crypto assets. “Meme Coin” is a crypto asset inspired by internet memes, characters, current events or trends, and its promoters try to attract enthusiastic online communities to buy meme coins and participate in their transactions. Although a single Meme currency may have unique features, Meme coins usually have certain common characteristics. Meme coins are commonly used for entertainment, social interaction and cultural purposes, and their value is mainly driven by market demand and speculation. In this regard, Meme coins are similar to collectibles. Meme coins also usually have limited uses or functions or no purpose at all. Click to read

Keywords: Bitcoin
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