Tonight's crypto market up or down?

Madman writes every analysis article with a responsible, focused, and sincere attitude, with distinctive features, no artificiality, and no exaggeration!

The information and data in this content-zce come from publicly available information, and strive to be accurate and reliable, but we do not make any guarantees for the accuracy and completeness of the information. This content-zce does not constitute investment advice, and investment based on it is at your own risk.

Coinbase will officially land on Nasdaq at 21:30 in the evening. Currently, 130 million common shares are issued, and the diluted outstanding shares are 261.3 million shares. Nasdaq has priced Coinbase at $250, corresponding to a market value of $66.5 billion. Judging from the quotations on the FTX exchange, Coinbase’s stock price is $580 per share. That is to say, there is a high probability that it will rise rapidly after the market opens in the evening, and the subsequent quotations will depend on how the capital market gives an answer. The encryption exchange FTX gave a "guidance price" of 580 before the market, and the market value has exceeded 100 billion, and traditional capital will reveal the true sentiment of the market at night, whether to open high and go low, or open high and go high, We will wait and see. Whether the listing of Coinbase will become a feast for the few and a crematorium for the majority, causing the currency price to reverse from a new historical high, is the biggest suspense left for us tonight.

Tonight, the United States will announce the January CPI data. Practitioners said: If it is lower than expected, the market may react strongly: On Thursday night, the United States will announce the January CPI data. The market expects that the US January CPI will reach 7.2%, which will be The biggest gain since early 1982, but after U.S. President Joe Biden said inflation was slowing month-on-month. The Twitter big V "qinbafrank" analyzed: "Lao US announced the CPI in January. In the past two days, the US bond yield and US dollar index have fallen sharply from their highs. The Nasdaq rose 2 points last night, and the pie fluctuated sideways. Seeing some institutions It is speculated that tonight’s CPI data may fall short of market expectations. The average market expectation is 7.2%, which is a record since the 1980s if it is higher than expected or even. 2/10 9:42:43]

Note: According to the rules, Coinbase starts trading at any time when the U.S. stock market opens, so everyone needs to continue to pay attention.

According to the latest survey of fund managers by Bank of America, most professional investors believe that Bitcoin is a bubble, with the proportion reaching 74%. This will increase the upward pressure on Coinbase after listing on US stocks. There will be a strong negative, but in the medium and long term, as long as the differences do not converge, this will not become a historical high.

Dynamics | BCH stress test will officially start at 8 o'clock tonight: According to the "BitcoinCash Information" Weibo news, the official stress test time is September 1 at 20:00 Beijing time, but the stress test has been continued yesterday Start. The BCH browser of blockchair shows that although the number of BCH transactions has increased a lot, the largest transaction block (8MB block) packaged by the mining pool comes from the ViaBTC mining pool. The block sizes packaged by other mining pools are about 2MB and 4MB respectively. Larger blocks are likely to be produced when the stress test begins tonight. For this stress test, Txstreet.com added a stress channel on the basis of the previous Memo and Yours channels. Every transaction participating in the stress test comes out of the stress channel to identify the source of the transaction. [2018/9/1]

The U.S. Senate is working on a bill establishing cryptocurrency tax filing requirements, and the Spanish Ministry of Finance is also requiring cryptocurrency holders to file tax returns. The tax bills of various countries are in full swing. Since the ZF cannot suppress this big cake, it is simply used to increase fiscal revenue. It is obviously not a good thing to introduce a tax policy at a new historical high in Bitcoin. This will allow some quick success to ship ahead of time to avoid the impact of taxes on future earnings.

Quotes | ETH fell below $300 twice tonight, hitting a new low since November last year: According to Huobi platform data, ETH fell below $300 at 11:45 p.m., setting a new low since November last year. After fluctuating slightly around $300, ETH fell again at around 0:35 a.m. to $300, and is now at $293, a drop of 2.6% in the last 24 hours. ETH once fell to $240 on November 12 last year. [2018/8/14]

The open interest of Bitcoin and Ethereum futures hit record highs one after another. A market with rising volume and price is a good market, which will help the market outlook to further rise.

The total market value of global cryptocurrencies has surpassed the market value of Apple. After this wave of rise, the market value of Bitcoin has surpassed Facebook and rose to No. 6 in the world, which is one step closer to the first place. The market value of Ethereum surpassed Intel to rank 28th. Looking forward to the day when cryptocurrencies dominate the list, I don’t know if domestic policies will be completely liberalized at that time.

Binance will list the Coinbase stock token COIN today and open the COIN/BUSD trading pair. This means that the 24-hour uninterrupted U.S. stock trading is the first to be opened by the currency circle, but this will most likely be supervised by the powerful SEC, and the first person who eats the crab may be caught.

OKB rose by 17.21%. OKEX will release a major product at 8:00 tonight: According to the OKEx market, OKB continues to rise. The current increase is 17.21%, and the price is 4.73 US dollars. In addition, OKEX just announced on its official Weibo that it will release a major product at 8:00 tonight (June 19). [2018/6/19]

Ripple's CTO tweeted that if you own life-changing cryptocurrencies, it's time to consider selling some. The madman agrees with this point of view very much. It is the behavior of a wise man to withdraw some positions amidst the joy. In the long run, it will not be wrong.

After the new high of Bitcoin, the demand for USDT has increased, and the annualized interest rate of some exchanges has risen to more than 36%, but the maintenance time is not very long, indicating that the long-term funds are not sustainable enough, and they are leveraged funds, which is not conducive to long-term stability rise.

Grayscale GBTC continues to discount 6%, while ETHE returns to a positive premium of 3%, indicating that institutions will be more optimistic about the future of Ethereum. ETH is likely to outperform Bitcoin in the future bull market.

MicroStrategy’s share price has risen by 18% following the record high of Bitcoin. This company increases leverage to buy Bitcoin. Leverage to go long Bitcoin, haha.

The U.S. stock blockchain company MFH announced that it can use Bitcoin to subscribe for stocks and raise $10 million. Bitcoin can do everything now, it is currency, it is gold, and it has the volatility of stocks.

E11even, a Miami nightclub in the United States, accepts cryptocurrency payments. With the continuous promotion of cryptocurrency by the mayor of Miami, there is a high probability that you will not need to exchange US dollars with cryptocurrency to play in Miami in the future.

Bitcoin:

The upward trend has not been destroyed, but tonight's trend will be particularly important. As long as there is nothing wrong with the U.S. stocks, the upward trend will not change, and the overall situation is still to hold coins.

ETH:

After the record high continues to rise, you can hold it according to the 5-day line, and hold it if it does not fall below the 5-day line.

ETH will be upgraded in Berlin around 17:00 tomorrow. At that time, most exchanges will not support deposits and withdrawals. Investors who play Defi should pay attention not to do on-chain transactions during that time period.

XRP:

If the 5-day line does not break, hold it. If it breaks, we will leave. This piece of meat is already very comfortable to eat. According to the news, Coinshares launched XRP ETP, which will be listed on the third largest stock exchange in Europe, which is not a small positive.

DOT:

Continue to fluctuate on the high-level platform. If the big pie and Ethereum continue to hit new highs, then Polkadot will also have new highs, and the whole is linked.

LINK:

Out of the record high, mainly holding.

BCH:

Supplementing the rise to a new high in stages, this wave is almost over.

LTC:

He took the lead in supplementing the rise to a new stage high, and then turned off. He walked one day faster than BCH.

BSV:

The high pressure in the early stage is still too heavy, and it needs to be sharpened again.

ADA:

This new high is a bit reluctant, so there is a high probability that it will return to the high platform and oscillate.

TRX:

Create a new high, rush high and fall back, mainly lighten up.

ZEC:

Take profit if the 5-day line breaks, and hold if it doesn't break.

FIL:

Short-term chances are slim.

DOGE:

Congratulations to the investors who ambush a few days ago, today they directly doubled to a new high, let the profits fly out of the principal. Dallas Mavericks owner Mark Cuban said that he has obtained 120,000 Dogecoins through merchandise sales, and will never sell DOGE, and will keep buying. This buddy is the same as Musk, two lunatics, and there is a high probability that the business behind the head decides the head.

UNI:

High volatility is the main trend.

Overall, everyone should pay attention to the 5-day line. Once it falls below, it means that the short-term trend is over, and you should take at least half of the profit to prevent the market from changing rapidly at historical highs. Finally, I would like to bow and thank all of you who supported Madman yesterday. Although rewards will not produce direct returns, when there are many messages, Madman will reply in order of rewards. Bow, thank you!

That's all for today, see you tomorrow~!

Tags：

MATIC