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Home » Blog » The Cryptocurrency Market Analysis On August 16
Blockchain News / Crypto News

The Cryptocurrency Market Analysis On August 16

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Last updated: 16/08/2021 5:37 PM
Coinworldstory
4 years ago
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Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
The Cryptocurrency Market Analysis On August 16
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The U.s. Infrastructure Cryptocurrency Taxation Act Is Being Rejected By More And More Organizations. The U.s. Department Of The Treasury Has Issued A New Guideline. It Has Concerns About The Cryptocurrency Tax Law Provisions In The Bill And Hopes To Be More Friendly To The Cryptocurrency Industry.

This Guide As Soon As It Came Out, River Financial Ceo Expressed His Disappointment With The Bill, Which Would Seriously Damage The Development Of The Cryptocurrency Industry, Cause Losses To Tens Of Millions Of Us Crypto Investors, And Limit The Continuous Innovation Of The United States In This Industry.

The Founder Of Compound Also Mentioned That 14% Of Americans Currently Own Cryptocurrency, And This Bill Seems To Believe That There Are No Cryptocurrency Investors In The United States. In A Country Like The United States Where Freedom Of Speech Pays Attention To Democracy, It Is Indeed Possible To Be Subverted By The New Decentralized, Bottom-up, And Community-autonomous New Things Like Bitcoin.

Leaders Who Represent The Interests Of Traditional Civilization Are Experiencing Such A Crisis. , A Country Where The Epidemic Is Not Well Controlled, How Can The Bitcoin Plague Be Controlled? The Cryptocurrency Market Is Like A Cancer Cell, Which Is Continuously Spreading In This World. All The Infected People Are Deeply Obsessed With It. , I Can’t Extricate Myself, This Thing Has Just Begun. If He Was Still In The Infant Stage In 2017, Then In 2021, The Cryptocurrency Market Has Entered The Teenage Stage, And There Is Still A Long Way To Go Before His True Maturity And Peak. Fortunately, In This Industry, We Have Been Absorbing The Dividends Of The Industry. In The Future, We Will Use It Even More.

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As Feng Lun, The Owner Of Vantone Group, Said, Many Innovative Things That Just Appeared Would Be Regarded As Monsters By Normal People And Rejected Him. But What Is Interesting Is That In The End, These New Things Defeated The Old Things And Eventually Became The Dominant Ones. As Far As The Conservatives Of Buffett And Charlie Munger Are Concerned, Bitcoin Is Contrary To Their Civilized Interests, And They Certainly Cannot Support Bitcoin.

The President Of Argentina Is Open To Cryptocurrency As Legal Tender. In The Program, The President Stated That Argentina And The World Are Discussing Cryptocurrency. Most People Don’t Know Enough About Cryptocurrency And Think It Is Just A Scam And Hacker Attack. He Said That He Would Not Reject It. Use Cryptocurrency, And Even Use Cryptocurrency To Solve The Domestic Inflation Problem. A Single Spark Is Starting A Prairie Fire!

Retail Giant Wal-mart Is Hiring A Cryptocurrency Director, A Position That Needs To Determine Cryptocurrency-related Investments And Partnerships. It Seems That Wal-mart Is Also Ready To Enter The Cryptocurrency Industry. Whether It Is Investment Or Its Retail Business, It Can Be Well Integrated With The Cryptocurrency World. When The Trend Comes, If You Don’t Choose To Embrace It, You Will Be Thrown Away By The Times. .

The Survey Shows That Singaporeans Hold The Highest Proportion Of Eth, 78% Of Investors Hold Ethereum, 69% Of Investors Hold Bitcoin, And Ada Ranks Third With 40% Holders. This Survey Is Very Interesting. According To This Trend, The Future Of Ethereum Is Still Very Bright. The Most Important Thing Is That Ethereum Does Have Its Business Model, Which Can Make It Continue To Rise. Data On The Chain Shows That The Number Of Addresses Holding More Than 10 Eth Reached 270,000, A 4-month High, Indicating That There Are More And More Ethereum Holders.

Greed 72, Market Sentiment Has Risen Again.

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Market Analysis


Bitcoin:

Today’s Rebound High Is Still Not Higher Than The Day Before Yesterday, And 48,000 Has Failed To Stand Firm. Therefore, It Is Still A Period Of Shock. It Is Uncertain Whether The Rise Will Continue. Today’s Judgment Is The Same As Yesterday. If You Can’t Stand Within 2 Days, The Adjustment Period Will Be Start.

Eth:

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The Overall Linkage And Shock Are The Mainstay.

Dot:

Today, The Public Chains Are Doing Well, Entering The Strong Pressure Zone, It Is Not Recommended To Chase Higher.

Xrp:

There Are 821 Million Ripples Left In The Previous Co-founder’s Wallet. 91.2 Million Ripples Have Been Sold In The Past Three Weeks And Will Continue To Be Unlocked In The Future, So Ripple’s Rise Is Almost The Same.

Link:

The Surge Swept Away The Haze, Held Back For A Long Time, And Is Expected To Continue.

Ada:

Holds On The 5th Line.

Doge:

Continue To Be Strong, Breaking Through A Pressure Level, And The Next Pressure Is Around 0.4.

Fil:

The Shock Is Mainly Higher.

Axs:

Callback-based.

Aave:

Be The First To Hit A New Rebound High, And It Is Not Too Far From The Historical High. You Will Find That The Value Currency Is On The Road Of New Highs And New Highs. This Trend Will Obviously Continue.

Sol:

It Has Soared To A Record High, And Its Market Value Has Entered The Top 10. The Madman’s Previously Optimistic Things Are Gradually Realizing His Value. The Acceleration Will Not Chase, And The Ones Who Are Not In The Car Can Only Watch.

Matic:

The Amount Of Locked Positions On The Chain Has Exceeded 6.2 Billion U.s. Dollars, And The Value Of Its Second-tier Network Has Gradually Emerged, Which Has A Certain Hype Logic.

Today Is A Bit Of A Flurry Of Demons, But Many Currencies Do Move Up One Step At A Time, And They Are Not Unhealthy. You Can Observe Again. If The Accelerated Currency Continues To Appear, You Need To Consider Reducing Your Position.

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