[The madman talks about the trend]This kind of trend, I am afraid that it will take a new low to rise again

Madman says…

USD 7.2 is broken, which is the floor price for nearly 15 years, which is equivalent to piercing the window paper. The sharp depreciation of the RMB against the US dollar will trigger the withdrawal of foreign capital from the Chinese capital market. Now it is necessary to rely on domestic functional departments to pass various currencies. Control and stabilize the exchange rate, because after 7.2 falls below, there is no longer a support level in the heart. If you do not quickly stop it, the trend is likely to accelerate. The United States once again harvested global capital with the most familiar taste, and used the hegemony of the dollar to protect its own economy and interests. This is why countries develop CBDC and regional economies. Everyone hopes to get out of the jurisdiction of the dollar as soon as possible, so this is also the future of the encrypted market. One of the factors that will inevitably arise and develop.

According to a Reuters poll, more than 70% of analysts see the Fed rate at 4.25-4.5% by year-end, 75 basis points higher than forecasts two weeks ago. This is mainly due to the determination of the Federal Reserve to fight inflation. It is generally expected that interest rates will continue to be raised by 75 basis points in November. Give us a greater safety period.

Overnight, Federal Reserve Chairman Powell took another swipe at cryptocurrencies, joining a panel of digital currency experts who argued that cryptocurrencies should be regulated in the same way as traditional markets, and expressed support for responsible crypto innovation. Throughout the overnight U.S. stocks surged and fell, it was probably Ball’s regulatory remarks that triggered the market’s panic-stricken decline. In short, the prediction of a rebound was slapped in the face again. The madman expressed his helplessness about this scam. This trend is afraid that it will take a new low to start rising .

The International Monetary Fund has approved the Financial Stability Board to become the core organization for global encryption regulation, which will coordinate and develop national regulatory standards so that it can complete the great cause of unified encryption regulation. Let’s take a look at the progress behind it, it is expected that it will take time for it to be successfully implemented.

Wu Jihan’s Bit Deer set up a $250 million fund to acquire non-performing assets of miners. The so-called non-performing assets of miners are those mining machines that are on the verge of shutting down. There will be miners who will sell them at a discount according to the price of scrap iron. of. This means that Jihan Wu is still optimistic about the future of Bitcoin, and is willing to use his strong capital to mine coins at a loss, and finally survive the cold winter and gain a lot of profits.

The investment management platform Titan will establish a cooperation with ARK Investment, and the investment strategy covers cryptocurrencies. Earlier, Sister Mu said that she will continue to bet on Tesla, Bitcoin and Roku, which means that she will continue to invest in Bitcoin through the fund. It is not difficult to see that some fast-running private equity funds have stepped into cryptocurrency investment. Although our mood is very pessimistic, big capital is quietly deploying, and retail investors and institutions have completely opposite ideas.

The head of the Monetary Authority of Singapore said that cryptocurrencies should not be banned, but need the right approach to guidance and regulation. Although Singapore has not been very supportive of cryptocurrencies, it has also chosen to embrace and regulate rather than one-size-fits-all, which is a good sign. In addition, various encryption conferences are being held in Singapore in the past two days, and the number of participants is still quite large, which shows that even when the industry is in a downturn, there are still a large number of participants, who are working hard in the industry with dreams of the future, which is more than 4 years. The former mass base has made a huge leap, which is the reason behind the 20000 can be repeatedly stabilized.

Panic 20, extreme panic.

Coin News:

Bitcoin: Only 34.1% of Bitcoin moved within one year, a record low, indicating that most holders have completely flattened, which is the reason why the market does not fall. In addition, the third largest whale has again increased its holdings of 3,378 bitcoins in the past month, still full of faith. However, yesterday’s high and fall was ugly. It is expected that the daily level will need a new low to re-gather the bulls. This wave of short-term counterattacks has crushed the short-term bulls’ sentiment.

Ethereum: Unexpectedly, linkage is the main thing.

XRP: 26 million Ripple has been charged to Bitfinex, which is not a good sign, pay attention to the risks.

Hey, this market, what a terrible word, except for the US dollar, the whole army was wiped out~

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