8.18 morning market: BTC breaks through 12,000 strongly, the next target is 20,000?

Last night, the market not only broke through $12,000, broke through the long-term high volatility, but also directly broke through the year’s highest peak and reached around $12,450. Although it has fallen back to around $12,300, the 3.5% increase in a single day is still announced. It successfully took over the leading rise of ETH in the early stage, and gradually started the second wave of gains since the second half of the year. However, the current launch is different from the first wave in various aspects.

Ethereum client Teku releases Teku v22.8.1: Golden Finance News, Ethereum client Teku releases Teku v22.8.1, a version update necessary for all mainnet users to prepare for the merger. All mainnet users must upgrade by September 6th. [2022/8/22 12:40:04]

The first is uncertainty. When the first wave started, it was around $9,000. Everyone still has hope of reaching the yearly high. After breaking through 12,000, the yearly high of each rise is around $14,000, but even if it can reach the middle It will be more bumpy, or the greater the expectation, the greater the risk. The second is the amount of funds. The amount of funds in the $9,000 market and the $12,000 market is not at the same level. Not only is the huge pressure of the $3,000, but the higher the position is, the more and more attractive the high-level short-selling pressure is. The amount of funds has a higher pursuit.

OGN listed on KuCoin, opening up 28.18%: According to KuCoin (KuCoin) exchange news, KuCoin has launched the Origin Protocol (OGN) project and supports OGN/USDT and OGN/BTC trading pairs. The opening price of OGN is 1.1USDT, and the current price is 1.41USDT, an increase of 28.18%.

It is reported that Origin Protocol is a shared economic market and a set of agreements that buyers and sellers of goods and services can use to conduct transactions on a decentralized open network. Known as the "exchange for all people", KuCoin (KuCoin) aims to discover global high-quality blockchain projects, providing 8 million users from 207 countries with one-stop services such as currency, legal currency, leverage, contracts, mining pools, and loans service. [2021/5/14 22:03:16]

So I suggest that everyone should not have too much obsession with the concept of the bull market. We will follow the trend when we see the market is rising. . If you want to participate in the day, it is recommended to look at the callback first. The higher the level, the easier it is for the idea that "the quilt may take a long time to unravel". We must also consider this unfavorable factor, so it is recommended to follow the rhythm.

Dynamic | Data shows that the market value of GUSD has shrunk by 88.1% in the past seven months: According to news from AMBCcrpto on July 4, the market value of GUSD peaked on December 20 last year, reaching 103.91 million US dollars. Since then, its total market capitalization has dropped to a market capitalization of $12.35 million and has not shown any upward trend. This means that in the past 7 months, the total market value of GUSD has shrunk by 88.1%. [2019/7/5]

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Author: Block Gold Digger Misty Rain

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