欧易交易所

Bitcoin sets longest winning streak since September Shiba Inuco

Date:2024-07-13 18:19:03 Channel:Exchange Read:

Since September last year, Bitcoin has set the longest record of continuous rise, the market is surging, and Shiba Inu Coin has risen sharply by 50%, which has aroused heated discussions among investors. The digital currency market is like a magnificent ocean, surging with endless opportunities and challenges. Let us unveil the mystery of this digital currency world and explore the stories and mysteries behind it.

In the digital currency market, Bitcoin has always played an important role. Since September last year, the price of Bitcoin has been rising all the way, setting an impressive record of continuous rise. This series of rises has made investors intoxicated and sighed at the charm of Bitcoin. From technical analysis to market sentiment, various factors are intertwined to form a magnificent picture of Bitcoin's surge.

The sudden rise of Shiba Inu Coin is even more eye-catching. Its price soared by 50%, which amazed people. What secrets are hidden behind the rise of this digital currency? Is it technological innovation? Or market factors? In any case, the performance of Shiba Inu Coin has undoubtedly injected a shot of adrenaline into the entire digital currency market, and also made investors re-examine this promising new star.

In the world of digital currency, risks and opportunities coexist. Investors need to be vigilant and act prudently. The long-term upward momentum of Bitcoin is certainly exciting, but market fluctuations may bring surprises or setbacks at any time. The surge in Shiba Inu Coin is a double-edged sword. Investors should think calmly, analyze rationally, avoid blindly following the trend, and avoid stepping into investment traps.

In addition to Bitcoin and Shiba Inu Coin, there are many other varieties worth paying attention to in the digital currency market. Ethereum, Ripple, etc., all play an important role in the market. They each have unique characteristics and advantages, attracting the attention of many investors. The world of digital currency is like a mysterious treasure house, waiting for people of insight to explore the wealth and wisdom therein.

In the process of digital currency investment, the channel of information and the accuracy of analysis are particularly important. Investors need to obtain market dynamics in a timely manner and make wise decisions. The opinions of social media and professional analysts can provide investors with valuable references. At the same time, investors should also remain calm, not be swayed by market sentiment, and treat every investment decision rationally.

In general, the digital currency market is volatile and full of challenges and opportunities. The continued rise of Bitcoin and the amazing performance of Shiba Inu Coin are showing us the infinite possibilities of digital currency. Investors need to stay vigilant, seize opportunities, and make wise investment choices. The world of digital currency is full of excitement. Let us witness the arrival of this vibrant new financial era together.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


Investors embraced risk assets again, driving Bitcoin to rise for five consecutive days on Monday (7th), the longest consecutive rise since September last year. The current price returned to more than $44,000, and Shiba Inu Coin soared 50%.

CoinMarketCap data showed that Bitcoin (BTC) rose 6.8% to $44,511 during the session, the highest in about four weeks. Bitcoin rebounded about 35% from the six-month low on January 24.

Ethereum (ETH), the second largest cryptocurrency by market value, also hit $3,180, a three-week high, rebounding about 47% from the low at the end of January.

Most of the altcoins followed suit. According to CoinMarketCap, Shiba Inu Coin (SHIB) rose 50% to 0.000034 cents, and XRP once jumped 18% to about 80 cents.

Monday's surge allowed Bitcoin to break through the 50-day moving average, the first time in two months. Nathan Batchelor, chief bitcoin analyst at SIMETRI Research, said bitcoin has broken through $43,000 and will challenge $45,000 next.

KPMG Canada became the latest mainstream institution to invest in cryptocurrencies. The company announced on Monday that it had added bitcoin and ether to its balance sheet to fulfill its commitment to developing emerging technologies and asset classes. The amount was not disclosed.

In addition, Gritt Trakulhoon, investment analyst at Titan Global Capital Management USA, said that the surge in Shiba Inu coins may be related to the progress of Shibarium, a solution for Layer2 networks, which is a meme coin built on the Ethereum blockchain.

The correlation between bitcoin and the stock market has increased significantly in recent months, and the most obvious linkage with the Nasdaq 100 index, which is dominated by technology stocks, is 0.43.

Lindsey Bell, chief market and currency strategist at Ally Financial, said that risk assets have experienced a sharp pullback, which has given people a little courage to test the waters, but the market has not yet gotten out of trouble, and there is a high degree of uncertainty about any statement by central banks including the Federal Reserve on suppressing inflation. CoinShares' report on Monday showed that the cryptocurrency market seems to have resurfaced, with an inflow of $85 million from institutional investors last week.

I'll answer.

2512

Ask

970K+

reading

0

Answer

3H+

Upvote

2H+

Downvote