5.6 noon market: the market is active, can it rise again.

According to data from OKEx, the current spot price of BTC/USDT is $57,200, an increase of 3.67% in 24 hours.

After rising and falling, Bitcoin reached the lowest position of 52,910 US dollars, and then found buying orders, and a wave of rapid rise directly hit 58,000 US dollars, swallowing up the previous decline. At present, the entire market is very active, and all mainstream currencies have broken their previous highs one after another. Only Bitcoin is still fluctuating in a range and stagnating. From the current point of view, the daily line pattern is biased towards bulls, MFI continues to rise, and the price is expected to continue to rise after stepping back on the daily MA30 line; in the market, it can be observed that funds continue to enter the market, and the open interest continues to rise, and the price is expected to hit 60,000 again The round number mark of the US dollar, but at present, the pursuit of small buy orders is serious, and the long-short ratio is also high. After the price rises, there is a high probability that there will be violent fluctuations. The MA30 line below is the key position in the near future.

The average drop of algorithmic stablecoins today is 5.66%: According to Jinse Finance, the average drop of algorithmic stablecoins is 5.66% today. Among the 8 currencies, 2 rose and 6 fell, among which the leading currency was: BAGS (+1.48%). The leading currencies are: ONS (-37.66%), MITH (-4.07%), BAC (-2.41%). [2021/7/17 0:59:27]

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Pax Treasury destroyed about 6.656 million BUSD on the Ethereum network: At 04:44 on October 3, Beijing time, Pax Treasury destroyed 6,655,615.5 BUSD on the Ethereum network, and the transaction hash was 0x66400f7ad1fcac91cbe8704e62acc72291f16fac6306c4d1b466f047c1847. [2020/10/3]

Author: Niu Qi's Blockchain Analysis Notes

Jinse Finance mining data broadcast | BSV's network computing power rose by 5.67% today: Jinse Finance reported that according to the data of the spider mining pool:

The computing power of the entire ETH network is 179.839TH/s, the mining difficulty is 2211.74T, the current block height is 9718509, and the theoretical income is 0.00788185/100MH/day.

The computing power of the BTC network is 96.457EH/s, the mining difficulty is 16.55T, the current block height is 622477, and the theoretical income is 0.00001519/T/day.

The computing power of BSV network is 2.844EH/s, the mining difficulty is 0.39T, the current block height is 627272, and the theoretical income is 0.00063287/T/day. [2020/3/22]

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