This week, the cryptocurrency market is indeed brewing with changes. BTC has seen quite a few fluctuations over the past few Mondays. Although there was a small incident last week, whether it can break through the 88,000 level today depends on today's performance. Based on historical patterns, periods of low volatility don't last long, and the rotation of gains and losses is the basic rhythm of the market.
Currently, ETH is following BTC's pace. Unless new funds enter the market, an independent trend will have to wait a bit longer. In comparison, the activity of funds on the SOL chain has significantly increased, with various assets pushing towards new highs. Whale addresses have also broken the 50M mark. The emergence of this wealth effect indicates that the ecosystem is heating up.
The traditional markets are also lively. Silver futures, right after opening, continued to hit new highs, reaching as high as $83. Its market value has risen to the second largest globally, even surpassing Nvidia. This reflects a reallocation of safe-haven funds.
In mining, Bitcoin mining difficulty is expected to continue rising to 149T in January, indicating that the total network hash rate is still growing, and competition is intensifying. The Bank of Japan maintains a steady pace of interest rate hikes. The Nikkei 225 index opened down 105.18 points (0.21%), as the market digests these signals.
There are also many highlights on the project side. HYPE will distribute 1.2 million unlocked tokens to team members on January 6. El Salvador has gradually increased its BTC holdings to 1,511 since January 1 this year. The latest information about the BTC Tracker is also circulating, and the market is speculating whether there will be new accumulation actions.
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RetailTherapist
· 10h ago
Guessing again when it will break through 88k, really, each week is more intense than the last. Anyway, the low volatility period should have ended long ago. The recent ecosystem heating up for SOL is quite interesting; White Whale has already broken 50M, now that's the highlight.
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PerennialLeek
· 10h ago
Silver has surpassed Nvidia, the crypto world is really a bit lonely haha
SOL is quite lively, White Whale broke 50M... now that's the real wealth effect
Whether BTC can break 88,000 depends on today, taking a gamble
ETH is still a follower, so boring
With a mining difficulty of 149T, miners will have to tighten their belts again
El Salvador increased holdings again, I really don't understand this move
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MevHunter
· 10h ago
Breaking through the 88,000 level today or else we'll have to wait until next week, so annoying.
SOL has been really active this wave, even whales with 50M have broken through, the signal of ecosystem warming is quite obvious.
El Salvador is quietly increasing holdings again, now at 1511 coins... this pace is a bit steady.
Silver breaking 83? Safe-haven funds are really fleeing, the story behind this is the most interesting.
Mining difficulty is at 149T, miners are about to cry again, competition is getting more intense.
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LightningPacketLoss
· 10h ago
Breaking the 88,000 threshold will be decided in the next few days. If you ask me, SOL's recent move is truly interesting. White whales have already accumulated to 50M, while ETH is still just hanging around.
This week, the cryptocurrency market is indeed brewing with changes. BTC has seen quite a few fluctuations over the past few Mondays. Although there was a small incident last week, whether it can break through the 88,000 level today depends on today's performance. Based on historical patterns, periods of low volatility don't last long, and the rotation of gains and losses is the basic rhythm of the market.
Currently, ETH is following BTC's pace. Unless new funds enter the market, an independent trend will have to wait a bit longer. In comparison, the activity of funds on the SOL chain has significantly increased, with various assets pushing towards new highs. Whale addresses have also broken the 50M mark. The emergence of this wealth effect indicates that the ecosystem is heating up.
The traditional markets are also lively. Silver futures, right after opening, continued to hit new highs, reaching as high as $83. Its market value has risen to the second largest globally, even surpassing Nvidia. This reflects a reallocation of safe-haven funds.
In mining, Bitcoin mining difficulty is expected to continue rising to 149T in January, indicating that the total network hash rate is still growing, and competition is intensifying. The Bank of Japan maintains a steady pace of interest rate hikes. The Nikkei 225 index opened down 105.18 points (0.21%), as the market digests these signals.
There are also many highlights on the project side. HYPE will distribute 1.2 million unlocked tokens to team members on January 6. El Salvador has gradually increased its BTC holdings to 1,511 since January 1 this year. The latest information about the BTC Tracker is also circulating, and the market is speculating whether there will be new accumulation actions.