Bitcoin Breaks Through $11,000, Ethereum Nears 380

The market rose in stages yesterday, approaching $11,000 several times, and finally broke through $11,000. Ethereum inserted a needle in the morning and directly pulled up by about 20 points. Looking at the performance of other mainstream currencies, it is actually It is relatively average, and even has fallen back, indicating that the current funds do not favor mainstream currencies.

Therefore, the recent funds seem to be running towards Bitcoin, which has led to the fact that only Bitcoin is rising in the market now. After Bitcoin’s rise, Ethereum also inserted a needle this morning, but synchronizing with Bitcoin, The Bitcoin market is relatively lagging behind, which confirms that Bitcoin is going up in stages. In terms of macroeconomics, the results of the Federal Reserve meeting early this morning have come out, and the interest rate decision will remain unchanged, which may last until 2023. Based on market expectations, US stocks and gold have not changed much, so Bitcoin will not be affected much.

So what we need to worry about now is how long the phased rise of Bitcoin can last. When the outflow of funds from other sectors is weak, the subsequent rise of Bitcoin will be a question mark, so although we treat it as an upward trend now, but You also need to have this kind of vigilance in your heart. Pay attention to the stabilization of US$11,000 within the day. It will be good if it can stabilize at US$11,000 this week.