Internationally, the Kremlin has reiterated that its military operations in Ukraine are proceeding as planned. Ukrainian President Zelensky said that talks with Russia are going on almost every day, the process is very difficult, the current stage is still fighting while promoting talks, as long as Russia does not withdraw troops, western countries will always try to find ways to sanction Russia. The move comes as U.S. Treasury Secretary Janet Yellen meets with U.S. senators this week to discuss a freeze on Russian gold, which would freeze assets in Russian central bank gold accounts involved in international financial transactions. The bill could pass the Senate as early as this week.
In response to the situation of the current sanctions, vladimir putin asked "unfriendly country" to pay for Russian gas, the rouble, European gas prices rose 34% immediately, are two sides to anything, the conflict between Russia and Ukraine has brought the world to think too much, such as energy problem, our current relies heavily on traditional energy and then through the conflict, As a direct result, countries will accelerate the research and development of new energy sources. The same European and American sanctions against Russia, also can let more countries reflection, exactly how to get rid of the structure of financial system depends heavily on the dollar, Ukraine first to give an answer to the world, it is can be encrypted assets to bypass the dollar hegemony, so you see, all things are two sides, there is no absolute good, also have no absolute bad, Russia-ukraine conflict has made us rethink the world. Good!
In his appearance at the BIS Innovation Conference last night, Federal Reserve Chairman Jerome Powell said that existing regulations do not take digital currencies into account, and that we are considering addressing the regulatory gap in digital assets. Digital financial activities outside of regulation will most likely be regulated. Fed Mester, needs to raise interest rates by 50 basis points several times, is not worried about both shrinking the balance sheet and raising interest rates.
Daily active addresses rose to more than 83,000 on Thursday and 74,000 on Saturday, the highest level since early December, according to Santiment, suggesting increased short-term volatility and traders are bracing for higher market winds. At present, the number of unconfirmed transactions of Bitcoin in the whole network is 10,740, the computing power of the whole network is 205.38 EH/s, and the 24-hour transaction rate is 3.16 transaction/second. At present, the difficulty of the whole network is 27.45T, and the difficulty is predicted to be increased by 3.73% to 28.48T next time. There are 7 days and 11 hours left before the adjustment. The Fear & Greed index is 40 today (31 yesterday), the level of fear is lower than yesterday, and the rating is still panic.
Cryptocurrency wallet and browser Bitcoin.com announced the launch of reward and utility token Verse, with a total supply of 210 billion, to be distributed in 7 years. The token is based on THE ERC-20 form. 35% will be used for ecosystem incentives, including liquidity mining, pledge, airdrop, etc. 34% to infrastructure development; 15% is allocated to the team; Sixteen percent will be spent on sales.
Since 2015, Bitcoin.com has helped users create 29 million wallets and has more than 5 million monthly active users. It also offers cryptocurrency transactions, block browsers, news and other services.
[Bitcoin market analysis] Bitcoin re-stand near 42600, then the subsequent will continue to pull up, please get ready, the upper resistance of 44800 to 45000 range, if effectively stand in this range, consistent with my analysis yesterday, that is to directly challenge the strong resistance near 51000. My personal preference is to stand firm and go back to challenge the strong resistance around 51000.
This week is still a weak shock upward trend, then estimated next week, the market will be on the verge of breaking out, so whether to grasp this wave of prices, see how you operate and layout this week.