📌 Daily Summary
● LIVE TRACKINGThe crypto market faces heightened tension as a second ban on an altcoin group has emerged, this time from a country following a similar action in Dubai. Ethereum is enduring its worst performance on record, with CryptoQuant revealing that potential risks linger despite recent data. Meanwhile, Coinbase CEO Brian Armstrong addressed Bitcoin’s recent decline, suggesting that concerns over its bottoming out are still prevalent among analysts. The upcoming day is deemed critical for Bitcoin, as any shifts in sentiment from Japan could further impact its fluctuating value, prompting crypto fund managers to weigh in on whether Bitcoin has truly bottomed. In contrast, the Tron network celebrates a significant milestone, with daily transaction counts reaching an all-time high, showcasing continued growth amid overall market uncertainty.
14:49
The Central Bank of the Philippines (BSP) has banned the listing and trading of privacy-focused cryptocurrencies such as XMR and ZEC.
13:45
According to CryptoQuant analysis and the CVD indicator, the largest altcoin, Ethereum (ETH), may face further declines.
12:48
Brian Armstrong, CEO of Coinbase, the largest cryptocurrency exchange in the US, said he believes Bitcoin (BTC) has hit bottom.
11:47
The Bank of Japan's (BOJ) interest rate decision will be critical for Bitcoin. How will an interest rate hike affect the BTC price, and will it resolve the yen carry trade?
10:52
Most professional investors believe that the downside risks in Bitcoin have not yet completely disappeared.
