Bitcoin (BTC) broke its losing streak in a rebound late Tuesday

good morning. This is what is happening:Price:The later surge brought Bitcoin back above its previous $28000. Ethereum also rose.opinion:Is cryptocurrency improving? What will happen in terms of regulation? CoinDesk's annual consensus meeting features encryption industry leaders and will cover key themes within three days.PriceBitcoin is soaring, but will the rebound continue?After hovering below $28000 for five days, Bitcoin unexpectedly rose and drove most of the market.市值最大的加密货币最近交易Price超过 28,300 美元,在过去 24 小时内上涨约 3.7%。激增的起源很难确定

good morning. This is what is happening:

Price:The later surge brought Bitcoin back above its previous $28000. Ethereum also rose.

opinion:Is cryptocurrency improving? What will happen in terms of regulation? CoinDesk's annual consensus meeting features encryption industry leaders and will cover key themes within three days.

Price

Bitcoin is soaring, but will the rebound continue?

After hovering below $28000 for five days, Bitcoin unexpectedly rose and drove most of the market.

市值最大的加密货币最近交易Price超过 28,300 美元,在过去 24 小时内上涨约 3.7%。激增的起源很难确定。在陷入困境的第一共和国银行指出其在周一的第一季度收益报告中损失了 1000 亿美元的存款后不到 24 小时,BTC 开始上涨,这再次引发了人们对银行业稳定性的担忧。上个月,随着投资者寻求保值资产的避难所,美国地区银行业一连串的内爆导致加密货币上涨。

As First Republic Bank looks likely to fail, I suspect the market is looking for more liquidity injections to support the seemingly still in crisis US banking industry, "said Jake Boyle, director of retail cryptocurrency brokerage firm Caleb& Brown wrote in an email to CoinDesk. Therefore, Bitcoin is ahead of these expectations. The cracks in the financial system are widening, and even if it is currently relatively subtle, it will become extremely difficult for the Federal Reserve to persist in its tightening policies in the future

Boyle added, "The recent rebound in Bitcoin is more related to liquidity injections and rising expectations that the Federal Reserve's tightening policies may have to end soon, otherwise there may be greater turmoil in the banking industry

分析公司 Coinglass 的数据还显示,自下午 4 点以来,约 1130 万美元的 BTC 空头头寸已被清算,从历史上看,空头挤压往往会加速Price上涨。

以太币最近以 1,870 美元左右的Price易手,较周一同期上涨 1.8%。其他主要加密货币大多处于绿色状态,Solana 区块链的原生代币 SOL 和 Cardano 智能合约平台的原生加密货币 ADA 最近都上涨了 3% 以上。衡量加密市场整体表现的 CoinDesk 市场指数上涨了 2.6 % 。

In early Asian trading, the Nikkei Index and Hang Seng Index fell slightly. The US stock market closed lower, with the Nasdaq Composite Index, mainly composed of technology stocks, falling nearly 2%.

CoinDesk 分析师 Glenn Williams 在他的工作日专栏中强调,至少有两个技术指标预示着比特币的反弹。威廉姆斯指出,BTC 的“近期下跌伴随着预期的势头下降,但它也与布林带下端的移动一起发生。布林带绘制资产的 20 天移动平均线,并计算上下两个标准差低于平均水平。预计资产Price在 98% 的时间内保持在平均水平的两个标准差范围内,因此高于或低于平均水平的突破值得注意。

威廉姆斯写道,“比特币接近其布林带的较低区间引发了对其近期路径的质疑,但他补充说,”鉴于最近的历史,技术分析师可能预计 BTC Price将上涨,尽管有条不紊地回到 20 天平均水平”

opinion

What will happen to consensus

Cryptocurrencies fell but were not eliminated. The industry that suffered a blow last year will publicly showcase the situation in 2023 for the first time at the CoinDesk annual conference Consusus. This week, many well-known figures from cryptocurrencies, government, Web3, and other fields will gather in Austin, Texas to discuss the current situation of the industry, the devastating year it has just experienced, and what may happen in the future.

At this point, the situation is improving. If there are any signs in the first four months of this year indicating the direction of the industry's development, then reconstruction has begun.

In the United States, regulatory uncertainty has given way to the certainty that cryptocurrencies will be regulated. The EU has provided a model, and the landmark comprehensive MiCA regulation was voted into law last week. Even China, which officially banned cryptocurrencies in 2019, seems to have developed an interest in Web3.

Nevertheless, there is still more construction, decision-making, education, and yes, investment to be made. Although the recent market has given some optimistic reasons, fraud and contagion have completely destroyed consumers' confidence in the industry. It will be difficult to regain this trust, but this is an opportunity at the feet of today's builders, regulators, and decision-makers - many of whom will share their perspectives in consensus.

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