Recently, the cryptocurrency market has shown a significant upward trend. Bitcoin (commonly known as "Big Cake") still maintains a bullish stance, but potential resistance levels should be monitored. On the Ethereum front, there are reports that an institution plans to purchase 6 million Ether in a large-scale acquisition, with a financing scale of 20 billion, which could drive its price up to $4,800.



Meanwhile, although Solana has performed relatively weakly, if there are ETFs and new capital entering the market, it may experience a trend similar to Ethereum - first a washout followed by a surge. BNB is also expected to break through the $1000 mark, provided that Bitcoin can continue to rise.

It is worth noting that more capital may flow into projects like Solana, BNB, Dogecoin, and XRP in the future, which may replicate the success path of Ethereum. In the altcoin space, it is recommended to pay attention to projects such as ACH, HYPE, AAVE, PENDLE, and LINK.

However, investors should be cautious when dealing with altcoins. Compared to the previous bull market, the current market environment has changed. Many altcoins have experienced dramatic rises and falls, making it more difficult to reach new highs, and the potential for gains may be limited. Therefore, the strategy of fully investing in altcoins is no longer suitable for the current market.

In terms of the international situation, negotiations between the US and Russia may struggle to conclude the Russia-Ukraine conflict. At the same time, the US imposing a 25% tariff on India and its secondary tariff policy against Russia may impact the cryptocurrency market.

Additionally, the three major U.S. stock indices have all reached new highs, and the overall market is showing an upward trend. In the Ethereum ecosystem, it is recommended to pay attention to projects such as OP, ARB, ZK, STRK, LDO, RPL, and SSV, with LDO being particularly noteworthy.

Overall, the current cryptocurrency market presents both opportunities and risks. Investors should closely monitor market trends and strategically allocate assets to cope with potential volatility.
BTC0.34%
ETH0.12%
SOL0.22%
BNB0.42%
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LidoStakeAddictvip
· 08-12 18:48
Don't panic, take it slow.
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IntrovertMetaversevip
· 08-12 18:45
BTC takes you for a ride
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GasFeeCriervip
· 08-12 18:42
Just go for it.
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LightningSentryvip
· 08-12 18:34
BTC continues to lead the way
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