According to Blocksteam CEO, Switzerland is planning to launch a “Federal Public Initiative” proposal to authorize the central bank to add BTC as a local currency reserve asset in addition to gold as a currency reserve asset. It is expected that in the future, many countries around the world, including the United States, will reserve Bitcoin as a national reserve currency. Bitcoin will become a gold-like central bank currency reserve soon. More and more countries will reserve a large amount of Bitcoin.
The chairman of Sri Lanka’s e-commerce platform Kapruka said on Twitter that Kapruka plans to accept encrypted payments in the next few weeks. Kapruka will become the second company in Sri Lanka to accept encrypted payments. The first is MTB.lk, a platform for bicycle riding and travel services. MTB.lk will accept encrypted payments in September. Encrypted payment can save the cost of international remittances, and cross-border e-commerce platforms can obtain more global users and increase turnover after accepting encrypted payments.
Bitcoin today started a long-lost blood-sucking market. Only the main market rose strongly and most of the others were red. The current dominance rate is 44.78%. The recent trend pattern is rising along the 5-day line. The trading volume remains stable, and the average line is long. After the MACD column assumes a new high, the fast line will reach a new high. The single-day transaction settlement volume on the Bitcoin chain has reached a record high of 31 billion U.S. dollars in the near future. Indicators and data on the chain show that bulls dominate, and with the approval of 4 Bitcoin ETFs this month, many smart funds are in ambush ahead of time.
Ethereum temporarily fell by 1% today, as low as close to the 60-day line. It is currently considered as the second stepping back after breaking through the 60-day moving average. The 60-day line is a relatively large support level. Here you can buy low, and there is also a 30-day line below. Therefore, a better buying position is in the range of MA30 to MA60, which is around 3300 US dollars. Ethereum has natural volatility due to its market value and market position, so it is more suitable for part of the funds to be used in the long-term, and the other part of the funds to be used for band thickening.
The meta-universe leader AXS has begun to adjust sideways after a recent rise. In the short term, there will be some anti-squeeze actions. The current overall market value is 7.2 billion US dollars. Doubled to only 14 billion, you can continue to pay attention to this major theme leader. There are no new themes coming out recently. The top three sectors today are super computing power, AI artificial intelligence, and Binance Smart Chain. Themes are generally new and not old. If there are no new themes and old hotspots, they will continue.
SHIB is currently considered high and strong sideways. Some funds were shipped on October 7, but some people took it. They are concerned about whether there are new large funds to continue to do it in the near future. As long as large funds come in, they can follow up.