・Small movements in the mid $16,000 range
・Altcoins are strong, but BTC cannot keep up
・CZ’s recovery fund reaches $1 billion
・There are some bullish views, but they are still limited
Yesterday’s BTC Market
Yesterday’s BTC market moved slightly.
After hitting a year-to-date low on Tuesday, it recovered to the $16,000 level (approximately ¥225 million). It has since traded in the mid $16,000s.
BTC recovered to the $16,000 level after hitting a year-to-date low on Tuesday, partly due to a rebound in altcoins. It also climbed to the mid-$16,000 range as TRON founder Justin Sun expressed interest in FTX assets.
The minutes of the FOMC meeting early in the morning yesterday were a mixture of doves and hawks, saying that the pace of interest rate hikes was slowing down and that the peak interest rate was above peak. In the meantime, after that, it was all about small movements.
LTC, which had risen sharply the day before, fell back slightly, but altcoins generally showed solid price movements, such as the rise of ETH and XRP, which had been delayed.
The staked ETH cannot be withdrawn until the Shanghai update, but it is said that the test will start soon, and the outline of the Shanghai update has also been revealed.
Meanwhile, Binance’s CZ said in an interview with Bloomberg that his proposed recovery fund would be worth $1 billion, but the impact on the market was limited.
BTC market today
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