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The capital inflow of mainstream currencies surges, and the XBIT decentralized trading platform is navigating the virtual currency spot market
Crypt_IO
Crypt_IO
04-07 13:24
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The capital inflow of mainstream currencies surges, and the XBIT decentralized trading platform is navigating the virtual currency spot market
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The capital inflow of mainstream currencies surges, and the XBIT decentralized trading platform is navigating the virtual currency spot market

Recently, Trump's tariff policy has plunged the global financial market into turmoil, while the cryptocurrency market has shown a different attitude. Relevant experts believe that Bitcoin has a challenging position, and indicators show that the current bearish sentiment is dominant. In this wave of cryptocurrency investment full of variables, the XBIT decentralized exchange platform has provided a "protective umbrella" for the majority of investors with its unique market positioning, advanced technical architecture and rich functions, and has become their right-hand man.

Recently, many experts have conducted in-depth analysis of the current trend of the crypto market. There are many reasons why the price of Bitcoin is basically stable. On the one hand, when the market risk aversion heats up, Bitcoin will also be favored to a certain extent due to its partial risk aversion characteristics. Among them, the role of decentralized trading platforms in promoting cryptocurrency transactions is also obvious. The virtual currency spot provided by the XBIT decentralized trading platform includes many well-known currencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), as well as many emerging and niche currencies. The XBIT decentralized exchange platform not only provides a safe, efficient and transparent trading environment, but also meets the diversified needs of investors for cryptocurrency trading through a series of innovative technologies and high-quality services.

On the other hand, although technology stocks have fallen due to factors such as tariffs, Bitcoin is not completely equivalent to traditional technology stocks and will not be completely "dragged down" by the decline of technology stocks. The XBIT decentralized exchange platform adopts a cold wallet storage method to store users' digital assets offline, effectively preventing the risk of hacker attacks and asset theft. As a highly secure storage method, cold wallets greatly reduce the risk of assets being attacked by the network by isolating private keys from network connections.

For the first cryptocurrency, MicroStrategy's continued buying power also provides strong support for Bitcoin prices. MicroStrategy is like a loyal "guardian" of Bitcoin, constantly increasing its holdings of Bitcoin, conveying to the market its firm confidence in the value of Bitcoin, and to a certain extent stabilizing the price trend of Bitcoin. In short, virtual currency spot is a digital currency that can be bought and sold directly. They do not rely on derivatives such as futures and contracts, but are traded instantly based on market supply and demand. These virtual currency spot have their own characteristics, some focus on payment functions, and some focus on the development of smart contracts or decentralized applications (DApps).

Data in the past month show that Bitcoin has a downward trajectory of 8.03% between slight profits and slight declines in the market, shrinking by 0.81% in the past 24 hours. At present, various indicators seem to indicate that as the bearish sentiment of Bitcoin increases, a potential price storm is quietly brewing. On the Bitcoin-related chart, the key water level has a buy order of 516,770 BTC, guarding the support high of $82,244.77. The two resistance walls are above $84,314.07 and $94,320.97, respectively, with sell orders of 607,200 BTC and 627,470 BTC.

It is worth mentioning that the market currently expects interest rate cuts and the restart of quantitative easing, which is a major signal for the crypto market. The next fluctuation of cryptocurrency prices is still difficult to predict. However, relevant data show that the capital inflow into the virtual currency market has surged by 350% recently, from $1.82 billion to $8.2 billion. However, asset prices have not risen significantly, which means that capital may not have entered the market yet, but is waiting for a more favorable time to deploy. The current market is in a downward trend, and market activity analysis shows that the driving force is insufficient.

As of writing, the number of bitcoins on exchanges has increased slightly in tandem with reserves, reaching 2.43 million. This shows that market participants are transferring assets from private wallets to exchanges in preparation for selling, and bitcoin prices may fall as a result. At the same time, the net flow of exchanges turned positive, further exacerbating bearish sentiment.

It is worth mentioning that the increase in net flow means that more bitcoins are transferred to exchanges for sale, and the selling pressure increases. The market may suppress the price of bitcoin to the $82,000 support zone. However, capital inflows at the price of $82,000 may also push the price of bitcoin up, and even help it break through the resistance levels of $84,000 and $94,000. In summary, there are various possibilities for the recent trend of cryptocurrencies, and responding to market changes still requires multi-faceted analysis and attention.

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