Sister Mumu: BTC will break through 1 million US dollars before 2030, ETH will fall below 3,800 US dollars

Headlines

▌Cathie Wood: Bitcoin will break through 100 before expected 2030 $1 million

ARK Invest CEO Cathie Wood recently announced that Bitcoin will break through the $1 million mark before the expected 2030, which was her company’s previous bull run timeline. This updated price target is the result of new institutional engagement and major regulatory milestones, notably the approval of the first spot Bitcoin exchange-traded fund (ETF) in the United States. Wood said the launch of spot ETFs marks a major turning point in Bitcoin’s wider acceptance and integration into the traditional financial system. The SEC’s approval and the subsequent record-breaking performance of these ETFs accelerated Bitcoin’s timetable for value appreciation.

▌ETH fell below $3,800 in a short period of time

The market showed that ETH fell in a short period of time It broke through US$3,800 and is now trading at US$3,836.17, with an intraday decline of 2.04%. The market fluctuates greatly, so please control your risks.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC is 68,928 US dollars. Intraday increase or decrease-0.40%;

The recent transaction price of ETH is 3881.43 US dollars, with intraday increase and decrease-0.09%;

BNB’s recent transaction price was US$529, with intraday changes +1.54 %;

ORDI’s recent transaction price was US$75.49, with an intraday increase or decrease+ 1.68%;

DOGE’s recent transaction price was US$0.17, with intraday gains and losses-1.35%;

SOL’s recent transaction price was US$144.09, with intraday gains and losses+0.87%.

Policy

▌Switzerland has reached a cooperation with the Inter-American Development Bank and plans to provide Funding supports the launch of a universal digital wallet project for inclusive finance

The Swiss Secretariat for Economic Affairs (SECO) announced that the Swiss government has reached a cooperation with IDB Lab, a subsidiary of the Inter-American Development Bank (IDB), and will Funding of CHF 250,000 will be provided to help IDB Lab develop a universal digital wallet for financial inclusion based on blockchain technology under a regional initiative called "Digital Wallet for Inclusion and Sustainability", which will initially be launched in Peru It is piloted in China and will be expanded to other countries in the future.

Blockchain Applications

▌Solana Blockchain TVL is currently $3.307 billion< /strong>

According to the latest data from CoinGecko, the current total value locked (TVL) of the Solana blockchain is US$3,307,075,685, a 24-hour decrease of 1.6%; the 24-hour transaction volume is US$952,721,962, an increase of 10%.

Cryptocurrency

▌Arbitrum DAO Removes Proposal to Fund Tornado Cash Developers’ Lawyers

Arbitrum DAO Removes a Proposal Seeking to Fund Tornado Cash Developers’ Legal Defense Costs An attempt was made to distribute nearly $1.3 million worth of ARB tokens from community wallets in support of Roman Storm and Alexey Pertsev, developers of cryptocurrency mixer Tornado Cash. In addition, the budget can be used for public relations and advocacy efforts to promote privacy-preserving technologies.

▌Circle minted 250 million USDC on the Solana chain

According to Whale Alert monitoring, At around 06:06 Beijing time today, Circle minted 250,000,000 USDC on the Solana chain.

▌Reddit plans IPO Raise up to US$748 million

It is reported that Reddit plans to issue 22 million shares at a price of US$31 to US$34 per share; it is said to be preparing to submit a revised IPO to the SEC application, the IPO is reported to raise up to $748 million.

Important Economic Updates

▌The probability that the Federal Reserve will keep interest rates unchanged in March is 97%

According to CME's "Fed Watch", the probability that the Federal Reserve will keep interest rates unchanged in the range of 5.25%-5.50% in March is 97.0%, and the probability of cutting interest rates by 25 basis points is 3.0%. The probability of keeping interest rates unchanged by May is 67.9%, the probability of a cumulative 25 basis point interest rate cut is 31.2%, and the probability of a cumulative 50 basis point interest rate cut is 0.9%.

Golden Encyclopedia

▌What determines the price of Bitcoin?

Market forces of supply and demand influence the price of Bitcoin. When there are more sellers, prices usually go down and vice versa. Bitcoin prices are also affected by factors such as media reports, investor sentiment, and regulatory news, leading to rapid price fluctuations. Supply and demand market dynamics that affect the prices of other goods and services also determine the price of Bitcoin.  

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.

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