| Analysts say BTC will soon drop to $9,000; iQiyi launches blockchain copyright certificate function
headlines
Analyst Smith believes that the indirect downward resistance formed by Bitcoin may form a downward channel, and BTC may fall to $9,000 in the next week, which will allow horizontal integration to occur around $9,000, which is a key historical psychological support / Resistance level that allows volume to quickly return to the altcoin market. The current BTC market price and key support levels are $9500, $8000 and $6800. It is highly likely that BTC will liquidate positions at breakneck speed and cause panic before the market regains momentum. This has happened in every bull market stage in the history of BTC, so every investor should do a good job of risk control.
digital currency
The computing power of the BTC network is 61.40 EH/s, and it is estimated that the next mining difficulty will increase by 10.19% to 8.74 T
Opinion: Bitcoin Rally Cools, While Google Trends Suggests Altcoin Season Is Coming
The price of altcoins fell sharply against BTC due to the sudden and unexpected rise in the price of Bitcoin. Most knockoffs have broken strong support that lasted for more than five months. Google Trends shows that “alt season” keyword searches have been on the rise over the past few days, indicating increased interest in altcoins. The last time altcoins rose sharply was in 2017, when the price of Bitcoin hit a record high; XRP rose 36,108%, the largest increase; NEM rose 29,842%, the second largest increase; third-ranked Ardor soared 16,809%. The aforementioned percentages suggest that altcoin prices will rise significantly if Alt season kicks off. Twitter user @RaffiL123 said that BTC exchange inflows and outflows suggest that altcoin season is coming. Bitcoin has exhausted its bull market momentum and has started to move sideways, so while Bitcoin needs a breather, altcoins could be in for a sizable rally in the near future.
Blockchain application
ABN Amro completes blockchain container logistics pilot
ABN Amro completes blockchain container logistics pilot
It is reported that iQiyi recently launched the blockchain copyright certificate function. This function is based on blockchain technology and AI technology. It is used to electronically store key copyright information such as the author, content, and creation time of the work. It is non-tamperable and credible, and provides safe and reliable copyright protection services for original works.
Investment and Financing
IOSG VC and Fundamental Labs complete the second round of investment in Polkadot and participate in its ecological development
This round of financing will be used for cross-chain testing before the Polkadot mainnet launch, developer rewards, and expenditures for Web3 Foundation research and operations teams. Polkadot will launch a public beta version of Collator Parachain Node and Ethereum Bridge in the near future.
global policy
Dutch Finance Minister Submits a Series of Anti-Money Laundering Measures to Parliament, Including Regulation of Cryptocurrencies
Russia to decide on cryptocurrencies at the political level
Russia to decide on cryptocurrencies at the political level
U.S. CFTC Grants ErisX Derivatives Clearing Organization License to Launch Crypto Futures Products
U.S. CFTC Grants ErisX Derivatives Clearing Organization License to Launch Crypto Futures Products
secondary title
Character·Voice
Media: Plus Token trader may be arrested in Vanuatu
Zhu Hexin, deputy governor of the central bank: the use of blockchain and other information technologies should ensure that the source of information can be traced, error corrected, and rights can be safeguarded
Russian Deputy Finance Minister: Libra will not be banned
Russian Deputy Finance Minister: Libra will not be banned
SlowMist: There were 14 security incidents in June, with a total loss of nearly 160 million US dollars
