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Bitcoin and other cryptocurrency markets are in a loss making state, and according to CoinGecko's data, the largest digital asset by market value fell by 2% within 24 hours, trading at $25716.The token hit a ten-month high of $30000 in April and has struggled to rebound since its sharp decline in May

Last week, I was bullish. It was true that my skills were not up to par and I misunderstood the weekly chart

The virtual currency selling storm is still ongoing.On the afternoon of June 18th, Bitcoin briefly fell below $19000 per coin, continuing to hit a new low since December 2020

Edited by: Wang Yuelong, Du YuAccording to a report by Fox Business News on February 24th, cited by CCTV Finance on February 25th, the International Monetary Fund (IMF) has formulated a nine point action plan on how countries should treat cryptocurrency assets. The most important point is to "maintain currency sovereignty and stability by strengthening the monetary policy framework,Do not grant cryptocurrencies such as Bitcoin official or legal tender status

Supporters of cryptocurrencies have long advocated that cryptocurrencies can be used to hedge against various "uncertainties", but they have not been able to survive the global slump in risky assets.Celsius Networks LLC, one of the world's largest cryptocurrency lending platforms, said on Sunday local time that "due to extreme market conditions," the platform will suspend all withdrawals, transactions, and transfers between accounts

The price of Bitcoin (BTC) has surged to over $27000, which is a significant bullish trend that has attracted the attention of cryptocurrency investors and traders.This upward trend has sparked optimism and speculation about the potential direction of BTC in the near future

Recently, the volatility of BTC has gradually increased, with the main intention of using a shorter period of time to complete the market wash, and then taking advantage of the European stock market wash to break a turning point. In yesterday's wave of dish washing, there was not a significant decline in shanzhai, but rather a significant decline in the new currency, indicating that the time for the new currency has not yet arrived

For investors, the volatility in May was exasperating. The counterfeit coins have worn out a lot during this process

The BRC-20 speculative boom is gradually spreading to other PW public chains, driving the number of daily transactions on the Doge chain to a record high, reaching an astonishing 650000, outperforming Bitcoin (BTC) and Litecoin (LTC), all thanks to the newly emerging DRC-20 token standardDifferent reactions from cryptocurrency communitiesAccording to an article posted by Mishaboar, a dog coin enthusiast, the number of daily transactions on the dog coin chain soared to an all-time high of 650000 on May 15, once surpassing Bitcoin and Litecoin, as users scrambled to forge DRC-20 tokens on the dog coin chain.Although some members of the cryptocurrency community are excited about Dogcoin reaching this milestone, some netizens have expressed doubts and put forward opposite views

Danny Ryan) 2023 Vitalik https://cn.investing

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of MarsBit

The rapid growth of Bitcoin during the US banking crisis has strengthened its long-term support as a safe haven asset.Bitcoin has shown an increasing degree of decoupling from major asset classes in the traditional market