People's Bank of China Governor Yi Gang calls Bitcoin

LOEx Market Research Report on May 26: Mainstream currencies take the stage, small currencies sing; The market may not be over

LOEx Market Research Report on May 26: Mainstream currencies take the stage, small currencies sing; The market may not be over
[Today's Hot Tips]
1. [Data shows that more than 310,000 bitcoins have been withdrawn from the exchange since Black Thursday]
On May 26, the latest data released by the blockchain research platform Glassnode showed that the number of bitcoins withdrawn from the exchange has reached a new high. Since Black Thursday, March 12, more than 310,000 bitcoins have flowed out of the exchange. The exchange with the largest withdrawal amount is Bitfinex, totaling 126845 BTC; followed by Huobi (95496 BTC) and BitMEX (95438 BTC).
2. [Yi Gang, Central Bank Governor: There is no timetable for when the digital RMB will be officially launched]
According to the official website of the Central Bank, Yi Gang, the governor of the People's Bank of China, said in an exclusive interview that at present, the research and development of digital RMB follows the principles of stability, safety, controllability, innovation and practicality. It will first conduct internal closed pilot tests in Shenzhen, Suzhou, Xiong'an, Chengdu and future Winter Olympics scenarios to verify theoretical reliability, system stability, functional availability, process convenience, scenario suitability and risk controllability. However, the current pilot test is still a routine work in the research and development process, and does not mean that the digital RMB will be officially issued. There is no timetable for when it will be officially launched.
3. [Maker Foundation initiates a governance survey to discuss the addition of 2 types of collateral such as TUSD and 10 types of mortgage assets]
According to MakerDAO official news, on May 25, the Maker Foundation risk team incorporated a series of governance polls into the voting system. The specific contents include: 1. Add USDC-B as collateral; 2. Add TUSD as collateral; 3. Maker improvement proposal MIP9 Community Greenlight; 4. Dai stability fee adjustment: range of 0% -4% users can choose; 5. Add TUSD, ZRX, UNI-V1-DAI, PC-DROP, DMM, FIAT, FTM, MANA, CHZ (Chiliz / Sports x), CF-DROP (ConsolFreight DROP) to the Maker agreement as mortgage assets. (Note: The Maker improvement proposal MIP9 aims to standardize the value judgment process for newly added collateral, that is, Maker holders can make judgment and selection of collateral before the domain team investigates the collateral.)
[Today's market analysis]
Bitcoin (BTC)BTC surged in the early hours of this morning, briefly surpassing 8900 USDT, and the highest rose to 8977 USDT, then fell back slightly. BTC is currently adjusted above 8900 overall. The mainstream currencies followed the consolidation, and various currencies dropped slightly after the shock in the early morning. BTC is currently reported at 8996.9 USDT at the LOEx Global, with a rise of 1.36% in 2h.
https://preview.redd.it/7ou44trr02151.png?width=825&format=png&auto=webp&s=a51b77e034626e643ed80180e7e6c855bc013220
In the past two days, BTC has dropped below 9,000 USDT, and the mainstream currency has been fine-tuned overall. However, the small currencies that have skyrocketed or even doubled are one by one; I don’t know, do you feel that the script of the mainstream currency dip and the small currency soar is very familiar? In the impression, this has happened in the process of at least three rising relays in the past two years.
For example, at the beginning of 2019, when the bit rose from 3000USDT to 14000USDT, it was also sideways and retraced at the position of 8000USDT. At that time, small currencies also skyrocketed, with a time period of about 2 months.
What do you want to say? ——In fact, at this stage, for our ordinary users, it should be a stage of making money. If the currency is selected properly, there will be a lot of gains. There is a profit-making effect here, which shows that the bull market has not turned into a bear market that fast. The establishment of mainstream currencies and the singing of small currencies indicate that the stable bull market of this platform is not over.
Operation suggestions:
Support level: the first support level is 8900 points, the second support level is 8600 integers;
Resistance level: the first resistance level is 9000 points, the second resistance level is 9400 points.
LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 1 million community members in 24 hours.
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