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The price of bitcoin is striving to extend its gains above $98,800 and $99,000. BTC has started a downward correction below $97,000 and $96,000. It even fell below $95,000.
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US stocks closed: The Dow Jones rose nearly 1% to a new high, while nvidia and Tesla fell sharply against the trend.
① The nasdaq china golden dragon index rose by 0.44%; ② bitcoin fell back, microstrategy dropped more than 4%; ③ international oil prices plummeted, conocophillips fell by 5%; ④ California plans to introduce electric autos purchase subsidies, with Tesla being excluded.
Failed to break through $0.1 million, bitcoin fell below $0.095 million, MSTR was favored by two institutions on Wall Street.
On Monday during regular trading hours, there was a strong sentiment of profit-taking in bitcoin, continuing the decline from the weekend and briefly falling below 0.0945 million USD. On the news front, Bascent was nominated by the usa Secretary of the Treasury, and investors expect him to prioritize economic and market stability, which led to the fall of the dollar and bitcoin while us bonds rose. In the crypto circle, there was also good news on the same day: Wall Street is preparing to launch a new generation of cryptos-related etfs to cater to various types of investors. Additionally, "bitcoin whales" MSTR saw a significant increase in target price from Bernstein and others, opening high but closing down over 4%.
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Is the future US Secretary of Commerce a new helper for cryptos? His company was exposed to holding Tether, advancing the bitcoin lending project
Financial services company Cantor, founded and led by Lutnick, reached an agreement last year to hold 5% of Tether's equity, worth as much as $0.6 billion at the time; Tether is facing investigations by the US Department of Justice for violating sanctions and money laundering regulations, with its boss stating that Lutnick will try to use his political influence to resolve the threats facing Tether; Cantor is also considering accepting Tether's support for its initial $2 billion Bitcoin collateral loan project.
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