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Ethereum price analysis shows an upward trend.The ETH/USD currency pair faces resistance of $1916

Popular cryptocurrency analyst Ali Martinex stated that Bitcoin's "most important support level" is between $26360 and $27160. This range is worth noting as it represents an important quantity of cryptocurrencies

The upgrade to Cancun will complete the first step of expanding Ethereum L1. Proto Danksharding, also known as EIP-4844, will reduce the transaction cost of L2 by an order of magnitude, and the Layer2Rollup ecosystem will also experience a major explosion

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

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

Binance CEO Changpeng "CZ" Zhao stated on Monday that due to the collapse of cryptocurrency friendly banks and stable currency depeg events, Binance will convert the remaining funds from the industry recovery plan into Bitcoin (BTC), BNB, and Ethereum (ETH).During the banking and stable currency crisis, the CEO of Coin An, "CZ," announced on Twitter that Coin An is converting the remaining $1 billion in industry recovery plan funds from BUSD to native cryptocurrencies, including Bitcoin, BNB, and ETH

The recent price trend of Bitcoin has dropped to the level of $27000, causing concerns among traders and investors.With the change of market sentiment, everyone's attention is now focused on the key support position of $26600

On Monday evening Beijing time, Bitcoin briefly fell below the $48000 mark, then rebounded violently and regained its lost territory within half an hour, returning to above $54000. As of February 23 Beijing time, Bitcoin had risen to $55000 per piece, rebounding more than $7000 from its intraday low

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 Mars Finance