Bitcoin continued to set new highs last night. The market started from yesterday’s early morning rebound and went all the way up. At around 12 o’clock this morning, it first broke through the previous high of 16477, and then continued to rise. The highest reached 16880, and it is still running around 16700. It rose close to 5% in a single day. Last night’s market was still a bit unexpected. First of all, US stocks continued to rise, which is one of the important factors that prompted Bitcoin to continue to rise. But in fact, when US stocks did not open at around 8 o’clock last night, gold carried out a wave of not small However, Bitcoin just rebounded quickly after falling a little bit. The market may be stronger than expected. Then when the U.S. stocks opened slightly, Bitcoin was even stronger. It is expected to be related to some off-market factors. The current result has not yet come out, but if no surprises, Grayscale also maintained the operation of continuing to buy coins yesterday.
It is also worth noting that LTC not only broke through the recent high yesterday, but also broke through the high level before 312, reaching above 70 US dollars, and the highest was close to 75 US dollars. It rose by more than 18% in a single day. Bitcoin rose and LTC rose last night. It’s not unrelated. It shows that LTC supporters have relatively strong execution ability. Yesterday, Li Qiwei just posted a tweet suggesting that LTC will surpass BCH. Just do it. The market value of LTC has surpassed BCH and reached the fifth place that day. It is still recommended that everyone be careful about the trend of BTC. It is true that the general direction continues to be bullish, but under the current situation of such a strong Bitcoin, the possibility of a callback must also be considered, especially the stronger the rise during the working week, unexpected surprises may occur in the second half Backlash, it is recommended that the spot is to take profit in batches according to our previous recommendations, and the contract first wait and see.
Author: Block Nuggets · Huaijin
(The above content is intended to convey more market information and does not constitute any investment advice; there are high risks in encrypted asset investment, please be cautious)
