Bitcoin climbed continuous rebound will lead to the world’s largest cryptocurrency to create the longest consecutive rise this year.
Bitcoin climbed 7.5% to $40,900 in trading time in New York on Wednesday. The cryptocurrency rose for eight consecutive days, the longest consecutive increase since December last year. Other cryptocurrencies, including the second-ranked Ethercoin, also climbed.
Pankaj Balani, CEO of Delta Exchange, a cryptocurrency derivatives exchange, released a report on Tuesday that “there is “strong momentum now” and $45,000 is in sight, but it will take some effort to eventually break through 50,000 dollars.
Bitcoin is still far below the high of nearly $65,000 reached in mid-April. But bulls have cheered up in the recent positive comments of billionaire Elon Musk and Cathy Wood, a well-known investor at Ark Investment Management LLC, and speculation that Amazon may get into the field of cryptocurrencies has also boosted marketers. Qi.
Retail investors have also begun to reflow cryptocurrencies, in view of the increase in Bitcoin trading volume on major exchanges, according to reports released by Ben Onatibia and Giacomo Pierantoni of WandaTrack Research.
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Bitcoin has soared. Has the “ox” in the currency circle turned around?
Bitcoin: Amazon plans to accept Bitcoin payments by the end of 2021, according to sources. The source said that accepting Bitcoin payment is a key first phase of the entire cryptographic project. Once a fast and secure Bitcoin payment method is established, Amazon will add support for about eight cryptocurrency payments such as Ethereum, Cardano and Bitcoin Cash.
In addition, Amazon is also exploring to create its own native cryptocurrency. It plans to launch native tokens one year after supporting cryptocurrencies as a payment method for goods. Users can earn tokens by paying for goods and services or through loyalty programs.I remember that on July 22, Tesla CEO Elon Musk said at the B Word conference that Tesla is likely to accept Bitcoin payment again. Musk said that it seems that Bitcoin is switching to renewable energy.
Once the proportion of renewable energy used in Bitcoin climbed mining reaches 50% or above, Tesla will resume accepting Bitcoin.Under the influence of multiple good news, the falling currency circle suddenly ushered in a strong rise. BTC once rushed to 38,000+, so everyone in the group exclaimed that the bull market was back.
Just now, something more interesting happened again. Just before the editor was preparing to publish, Amazon denied media reports that the company would accept Bitcoin payments in 2021 and plans to issue cryptocurrencies in 2022. An Amazon spokesman said that it would Continue to explore cryptocurrencies.After the regulatory storm in various countries, it has gradually entered a quiet period of regulation.
In fact, in addition to hitting the currency circle, regulation has also played a role in spreading cryptocurrencies, making more institutions and investors pay more attention to the cryptocurrency market.The topic of bulls and bears has been talked a lot in the actual currency circle. From a fundamental point of view, there is no absolute distinction between bulls and bears.