Express News | The correlation between bitcoin and US stocks has fallen to a five-year low.
Bitcoin rebounds from its largest decline since the election, as traders carefully weigh the potential impact of Trump's policies.
Bitcoin prices have intensified fluctuations, rebounding from the largest two-day decline since the results of the usa election, reflecting a change in the assessment of the impact of the elected President Trump's policy agenda.
The IMF warns that these two major industries are comparable to "electricity-hungry giants": their power consumption approaches that of a major economy.
①IMF Deputy Managing Director Gita Gopinath is concerned that the energy consumption and carbon footprint of cryptocurrency mining and datacenters are rapidly increasing; ②She expects that by 2027, the share of these two industries in global electrical utilities may rise from 2% in 2022 to around 3.5%; ③This level is comparable to the current electricity consumption of Japan, the world's fifth largest electricity-consuming country.
Latest cryptos news | Strongly advancing! Bitcoin once reached the $0.092 million mark during the day; Trump may meet with representatives from the industry to discuss the formulation of the usa's crypto policy.
Macro analyst Adam at Greeks.live stated in a post on Platform X that the crypto market has cooled down somewhat, with $90,000 becoming an important battleground. Stocks represented by Tesla and nvidia have performed poorly, and the crypto market trend has shifted towards Meme. These signals all point to a relatively dangerous direction, with the potential for significant volatility in both directions.
No signs of a bubble! Has bitcoin still not peaked?
Options and futures market traders are all betting that bitcoin has more room for a rebound.
Bitcoin will launch another offensive.
The next key resistance level may be $92,500.