According to Tradingview data, after falling below $22,000 on the 10th, Bitcoin ( BTC ) rose back to a high of $22,090 at zero o'clock this morning, but then fell again, and was reported at $21,750 before the deadline, a drop of nearly 24 hours. 0.24%; Ethereum ( ETH ) fell 1.5% to $1,511 in the past 24 hours.
Joe DiPasquale, CEO of BitBull Capital, said that Bitcoin has fallen below the $23,000 and $22,000 levels, and is now undergoing a "bottom test," which will determine whether Bitcoin can quickly recover the $23,000 mark, or fall to $20,000.
The market trend also depends on the development of the macro economy. Given that the CPI in December was higher than previously expected, the market may start to consider that the next Federal Open Market Committee (FOMC) meeting will have further interest rate hikes.
Additionally, the bitcoin market is digesting regulatory developments. The U.S. Securities and Exchange Commission (SEC) announced on the 9th that the exchange Kraken will immediately stop providing cryptocurrency staking services to U.S. users and pay a fine of $30 million as a condition of settlement with the agency, while the stablecoin BUSD issuer Paxos reported that Will be the next target of the SEC.
Further reading: SEC culling cryptocurrency "Kraken closes US "staking token" service! 30 million magnesium settlement paid
Following Kraken, SEC Chairman Gary Gensler on Friday emphasized that cryptocurrency exchanges should be registered with the SEC, warning that the runway for registration is getting shorter and that similar enforcement actions would apply to other revenue-earning schemes , when a company or platform provides returns to investors, whether the service is called lending, earning income, or staking, investors should be protected by securities laws.
Joe DiPasquale bluntly stated that regulatory norms have worried the cryptocurrency space, especially after the SEC imposed a $30 million fine on Kraken:
Nonetheless, we believe that regulatory transparency in a slowly growing market is better than harsher developments during a full-fledged bull market. If Bitcoin falls below $20,000, we will be looking to hoard more Bitcoin.
Rich dad said everything would come crashing down on Valentine's Day
At the same time, the best-selling book "Rich Dad. Robert Kiyosaki, author of the Poor Dad series, said on the 11th that Silicon Valley in the United States will lay off 144,000 workers in 2022, and more than 66,000 workers will be laid off by 2023. When Valentine's Day comes, the market will usher in a big crash:
Everything will crash, including gold, silver and bitcoin, but don't panic, this is good news, I will use fake dollars to buy more gold, silver and bitcoin.
Regarding why the U.S. dollar is a "fake U.S. dollar", Robert Kiyosaki once explained that when U.S. President Nixon abolished the gold standard in 1971, the U.S. dollar became a "fake money" because the U.S. dollar was no longer pegged to a real currency (such as gold) , but linked to "full trust and credit" in the United States.
Robert Kiyosaki has been predicting that the market is about to collapse recently. He warned in January this year that the global economy is now in a recession, and the number of bankruptcies, unemployment and homelessness is soaring, but the good news is that gold, silver, bitcoin The scarcity of coins makes them priceless.
