On May 14, Singapore time , the GJ bit international trading platform real-time market showed that Bitcoin’s current price was $ 9,297, a single-day increase of 5%, and once again exceeded the $ 9,000 mark, oscillating between 8,900-9,400 boxes. CME May Bitcoin Futures is now quoted at US $ 9,440, which is higher than the spot price.
Silk Road founder Ross Ulbricht recently said that although Bitcoin will eventually rise to 100,000 US dollars, it may fall again in the current small cycle. Of course, if it rises to $ 14,000, it will not fall again. Ross Ulbricht uses the Eliot wave theory to determine the price. Chinese players also generally expect Bitcoin to bottom out. According to GJ Bit International analysts, if Bitcoin falls again, it may fall to the range of about 6,500-7,500 US dollars. But it is also possible that Bitcoin will slowly rise all the way, so short positions are the worst strategy. It is recommended that the spot can be built in batches to reduce the cost of holding positions; futures are cautious with high leverage and long and short positions to prevent bursting.
For other projects, ETH rose 4% in a single day and the current price was $ 197; XMR Monero rose 3% in one day and the current price was $ 63. Most mainstream coins and altcoins have not followed suit.
The Fed promised to introduce more stimulus measures. Powell said that the Fed will implement quantitative easing and QE policies to support economic growth for a long time, and Fed members unanimously oppose negative interest rates.
The US Department of Defense announced today that it has signed a $ 200,000 small enterprise innovation research contract with blockchain startup SIMBA Chain. It is reported that SIMBA Chain plans to establish a blockchain system based on proof-of-concept to improve the security, integration and auditability of over 4.5 million research and design documents and 4,000 users managed by the Ministry of Defense. Previously, in February of this year, the US Naval Air Warfare Center had invested $ 9.5 million in blockchain startup Simba Chain to develop and deploy a blockchain-based crypto message communication system.
Inflation and the admission of the US Department of Defense both testify to Bitcoin’s potential prospects. Several billionaires also promote cryptocurrencies. Bill Pulte, the heir to the Detroit real estate giant Pulte Group, said on Twitter today: “There are three types of assets that deserve attention: bitcoin, gold, and silver.” It is reported that this is not the first time Bill Pulte mentioned bitcoin. In December last year, Bill had Tweeted that he had bought 11 BTC. Virgin Galactic chairman and former Facebook executive Chamath Palihapitiya said in an interview on Tuesday that cryptocurrency lacks relevance to other traditional assets. This function alone can help investors obtain insurance against economic shrinkage. We are in a huge tightening cycle and it is difficult to find anything other than Bitcoin that is not related to anything.
Silk Road founder Ross Ulbricht recently said that although Bitcoin will eventually rise to 100,000 US dollars, it may fall again in the current small cycle. Of course, if it rises to $ 14,000, it will not fall again. Ross Ulbricht uses the Eliot wave theory to determine the price. Chinese players also generally expect Bitcoin to bottom out. According to GJ Bit International analysts, if Bitcoin falls again, it may fall to the range of about 6,500-7,500 US dollars. But it is also possible that Bitcoin will slowly rise all the way, so short positions are the worst strategy. It is recommended that the spot can be built in batches to reduce the cost of holding positions; futures are cautious with high leverage and long and short positions to prevent bursting.
For other projects, ETH rose 4% in a single day and the current price was $ 197; XMR Monero rose 3% in one day and the current price was $ 63. Most mainstream coins and altcoins have not followed suit.
The Fed promised to introduce more stimulus measures. Powell said that the Fed will implement quantitative easing and QE policies to support economic growth for a long time, and Fed members unanimously oppose negative interest rates.
The US Department of Defense announced today that it has signed a $ 200,000 small enterprise innovation research contract with blockchain startup SIMBA Chain. It is reported that SIMBA Chain plans to establish a blockchain system based on proof-of-concept to improve the security, integration and auditability of over 4.5 million research and design documents and 4,000 users managed by the Ministry of Defense. Previously, in February of this year, the US Naval Air Warfare Center had invested $ 9.5 million in blockchain startup Simba Chain to develop and deploy a blockchain-based crypto message communication system.
Inflation and the admission of the US Department of Defense both testify to Bitcoin’s potential prospects. Several billionaires also promote cryptocurrencies. Bill Pulte, the heir to the Detroit real estate giant Pulte Group, said on Twitter today: “There are three types of assets that deserve attention: bitcoin, gold, and silver.” It is reported that this is not the first time Bill Pulte mentioned bitcoin. In December last year, Bill had Tweeted that he had bought 11 BTC. Virgin Galactic chairman and former Facebook executive Chamath Palihapitiya said in an interview on Tuesday that cryptocurrency lacks relevance to other traditional assets. This function alone can help investors obtain insurance against economic shrinkage. We are in a huge tightening cycle and it is difficult to find anything other than Bitcoin that is not related to anything.
GJ Bit International Trading Platform has launched 3 times leveraged ETF products for BTC, ETH, BCH, BSV, LTC, EOS, ETC, and later will also launch leveraged ETF products for multiple mainstream currencies, which can help crypto asset investors achieve more Good earnings.