Bitcoin coronavirus
in terms of price, so far, BTC has rushed to around us $11720, with a 24-hour increase of more than 2%
so the question is: where will bitcoin go in the next week
here are five factors that may affect the BTC price trend in the coming week<
No.1 US macro level: election and stimulus plan
this week, the US is the absolute focus of the macro market. The US presidential election will soon usher in a decisive moment (November 3)<
analysts warn that if the Democratic Party (Biden) wins, the dollar will depreciate - and the long-term outlook for the dollar is already precarious. Goldman Sachs said last week that Trump's re-election was not enough to get the dollar out of danger
however, no matter what the election result is, professionals recommend buying gold as a hedge. However, in the view of others, bitcoin may bring more profits
however, e to the inverse correlation between BTC / USD and US dollar currency index (DXY), the strength of US dollar will still affect the price trend of bitcoin in the view of some bitcoin traders. Although this correlation has become less and less obvious in recent weeks, the sudden weakness of the US dollar is still likely to be a boon for bitcoin
six month chart of US dollar currency index. Source: tradingview
at the same time, not only the election, but also what happened before is also a topic of interest. Specifically, a coronavirus stimulus plan was in place before polling day
if this happens, trillions of dollars of liquidity will increase the growing debt pile of the United States, and Americans will see additional benefits, such as an additional $1200 economic stimulus plan
No.2 Europe suggests more intervention
with the outbreak again, the European Central Bank (ECB) is considering further measures
European Central Bank President Christina; In an interview with Le Monde on Monday, Lagarde said the European Central Bank would use more financial instruments if necessary
the European Central Bank's coronavirus stimulus program has purchased a total of 1.5 trillion euros of assets
Lagarde said: "we haven't exhausted the options in our toolbox."
brexit is increasingly moving towards "no agreement" brexit, which makes the possibility of instability worse<
the fundamentals of No.3 bitcoin have reached a new high
recently, bitcoin has maintained a strong resilience in the face of various black swan events. Influenced by okex, BTC recently dropped below $11200, but recovered steadily soon. So far, it has exceeded $11600
on the technical level, the fundamentals of bitcoin also maintained a record strength this month
two days ago, the difficulty of the latest adjustment increased by 3.5% than expected
at the same time, the hashing rate also climbed to an all-time high on Monday. At the time of publication, the estimated computing power for mining is 146 exahashs (EH / s) per second
as often reported in the media, the popular theory is that the price follows the hash rate, because the long-term investment prospect of bitcoin is better than ever before<
bitcoin 7-day average hash rate 1-month chart
No.4 analysts focus on the $12000 BTC price breakthrough
for the famous analyst Micha & # 235; For Lvan de Poppe, the key price conversion of bitcoin is becoming more and more reasonable
in his latest video update on Sunday, he stressed that the significant resistance level of weekly closing price below $12000 for several consecutive years will soon end<
Van de Pope believes that since the beginning of the bear market in early 2018, US $12000 has become the rejection point of the weekly chart, but the consolidation below can not last forever
he concluded: "we are likely to rebound to the range of US $16000 to US $17000, because this is the obvious level and the last obstacle for bitcoin to begin to break through the all-time high."
after this move, there will be another consolidation period, which may last longer than the current period
van der BOPP added that he advised viewers to work hard to accumulate bitcoin, even in the $16000 range
BTC / USD 7-day price trend chart. Data source: coin360
No.5 market sentiment: greed is back
with the graal strengthening of prices, investor sentiment is also changing: data show that investor sentiment is becoming more and more greedy. In the latest market data, the fear and greed index has returned to the "greedy" area, rising slightly from "neutral" in the past week
this indicates that bitcoin investors' emotional expectations will be bullish, but it should be noted that if the price rises too fast, "greed" will become "extreme greed". In this case, the possibility of index correction is greater.
Under the global macroeconomic environment, has bitcoin ushered in the spring? I believe you are not very familiar with bitcoin. I don't know much about how bitcoin works. That's why I don't understand. Let's give you a specific explanation, so that you can understand the future of bitcoin. The following contents can be referred to by friends:
3. Under the impact of the global economy, the speculation space of bitcoin is shrinking step by step:
when the global economic development is relatively good, bitcoin has some room for operation. In fact, it is precisely because of this operation space that bitcoin has been constantly appreciating in recent years. But now the situation has changed, bitcoin is likely to further rece the operating space.After the opening of the market in 2021, the price of bitcoin surged all the way to the $30000 mark and continued to rise. On the 3rd, it once exceeded $34000, setting a new high price in history. The market graally recognized bitcoin as a new tool for risk aversion. With the floating of funds in various countries, the printing of banknotes to stimulate the economy and the increase of monetary distrust, the Federal Reserve of the United States announced to maintain the low interest rate easing policy, The high degree of uncertainty brought by the global turmoil stimulated by the epidemic is pushing bitcoin and gold to become risk aversion tools
according to various media reports, if we want to trace back to the source of the soaring price of bitcoin, we can not escape the impact of the epidemic. The United States is the country most affected by the new coronavirus (covid 19), and the number of people diagnosed in China has reached nearly a quarter of the world. In order to tide over the difficulties, the United States printed money this year, which led to the continuous decline of the dollar price. Generally speaking, when the financial market is in turmoil, investors will choose gold as a hedging tool. However, this year's situation seems to be somewhat different. After the gold price continues to rise to its peak in August, it graally slows down, leading some investors to focus on the bitcoin with more room for growth
according to the media of all parties, if we want to trace the source of the soaring price of bitcoin, we can not escape the impact of the epidemic. The United States is the country most affected by the new coronavirus (covid 19), and the number of people diagnosed in China has reached nearly a quarter of the world. In order to tide over the difficulties, the United States printed money this year, which led to the continuous decline of the dollar price
COVID-19 spread to all parts of the country, and then affected the global economy — & mdash; Everyone's life is not easy, so some people with evil intentions go to extremes ring this period of time. Instead of thinking about how to break the game, they turn to others' pockets. From stealing the research results of AI medical company on the new coronavirus to selling publicly, to encrypting the confidential drawings and data of well-known construction companies for ransom, the frequency of network security problems has increased significantly compared with the same period in previous years. By the end of March, the number of phishing attacks related to New Coronavirus has increased by 667% over February, according to data from IT security company Barracuda Networks. If the daily online behavior is careful enough, not to be cheated by strange phishing email, software and links, will it be able to survive in the high-risk situation{ RRRRR}
nayana is a network hosting company in South Korea. In 2017, it was attacked by the network. More than 153 Linux servers were hit hard by blackmail software, and the website services of more than 3400 enterprise users were affected. The attacker encrypted 433 different files on the server, including documents, databases, images and videos, and demanded a ransom of 550 bitcoins (about $1.6 million) to recover the data. After some negotiations, the ransom was reced to 397.6 bitcoins (about $1 million)