I heard that the retailers who are too fast have not had time to get on the train?
Bitcoin against Korean won surged 68%;
The difficulty of the whole network continues to increase by 5%;
“Bitcoin” is on the Weibo hot search list;
The ant mine pool has increased by 40% for two weeks;
Bloomberg: Bitcoin derivatives trading volume is 10-18 times the amount of spot trading.
Secondary market
Coin price surged 40% on a single day
This week, Bitcoin rose 16% on the 7th. As you can see from the chart below, Bitcoin has experienced two big pull-ups. The first time was on the evening of October 25, and the price of the coin rose by $1,000 at $7,650. After a short period of six hours, it continued to break above. Ten thousand dollars, a 16% increase in 2 hours. The maximum increase in 12 hours was 40%. But today it has slightly retreated to around $9000.
Image source: Non-small
Market sentiment has gone empty
Data from: OKEx contract big data
OKEx contract big data shows that the elite account on the platform is mainly on the 23rd of the market waterfall and 25-26 days of guarantee. But as the good news was digested, the currency price rallied and the market sentiment has quietly turned.
A large number of profitable stocks are skyrocketing shipments
Data comes from: World of coins, Odaily Planet Daily collation
This week’s bitcoin net income of $ 143 million, compared with last week’s slight increase, but still makes people stunned, after all, the currency price surge is the fourth highest single-day gain in history. Compared with the situation in early August, when the bitcoin rose 8% and 7% in two weeks, it would be able to absorb a net amount of 1.86 billion US dollars. Now the 13%-16% increase only attracts 1.4 US dollars. It can be inferred that it is quite a lot. The profit-taking and high shipments resulted in a large net outflow.
Message Faces and Technical Analysis
This big increase, the news is very important, President Xi pointed out that “we must use the blockchain as an important breakthrough in independent innovation of core technology”, attracting a lot of new money to run into the market. Market sentiment was completely motivated, from the previous excessive panic to greedy state, then the news was digested by the market, the price of the currency fell, and then settled in the middle price range of 9000-9400 US dollars.
Bitcoin vs. Korean won skyrocketed 68%
In this week’s Bitcoin-French currency transactions, the US dollar ranked first, accounting for 69.79%, compared with last week’s slight decline; the second-ranked yen also rose slightly to 20.03%; Korean won against bitcoin transactions The proportion was 7.58%, which was 68% higher than last week; the euro accounted for 1.29%, and the pound accounted for 0.48%.
Image source: Coinhills
Mining
The difficulty of the whole network continues to increase by 5%
According to BTC.com data, on October 24th, the difficulty of the whole network continued to rise by about 5% to 13.7T. According to the data of the coin-printed pool, the total net computing power in the past week was 97.56EH/s, which was slightly higher than that of last week. The data for the past two weeks was 96.37EH/s, a slight increase from last week.
The ant mine pool has increased by 40% in two weeks
According to the BTC.com mining pool block share calculation, the coin printing pool power fell slightly to 15.49 EH/s, the proportion of computing power also fell slightly.
The calculation power of F2pool fish pond decreased slightly to 14.93EH/s compared with last week, and the proportion of computing power increased slightly;
BTC.com’s computing power has slightly increased to 13.61EH/s, and the proportion of computing power has dropped slightly;
The ant mine pool computing power continued to rise 40% to 12.28EH/s this week after falling 38% last week, and the computing power rose to 12.4%.
Source: BTC.com
Related news:
On October 27, Xiong’an Technology officially announced that Xiong Weiwei, a wholly-owned subsidiary of the company, entered into a strategic cooperation framework agreement with Jianan Zhizhi. According to the agreement, both parties agree that Xiong’an Weicheng intends to purchase or represent Jianan’s blockchain equipment of no more than US$150 million by December 31, 2020. Jianan will provide corresponding services to Xiongwei Weicheng. Preferential prices and technical guidance.
Related News
With the new round of skyrocketing, Bitcoin is on the Weibo Hot Search
On the 26th, “Bitcoin” skyrocketed and boarded the microblogging hot search list, ranking 37th with 185491 search heat.
Bakkt Bitcoin futures contracts reached 1,179 copies, a record high
On October 26, Bakkt tweeted: “Today, we set a new daily record of 1179 Bakkt bitcoin futures contracts (this number broke the previous 590 highs).”
Bakkt will launch futures options next month
On October 24th, Bakkt CEO Kelly Loeffler announced via Medium that Bakkt will be launched on December 9th based on Bitcoin. Futures option contracts. Unlike the main spot options, such as the currency security, Bakkt is launching Options on Futures, which is trading on the right to buy and sell futures contracts, not in stock. Just as futures are spot hedging instruments, futures options can provide hedging instruments for futures on their platforms.
Bloomberg: Bitcoin derivatives trading volume surged, 10-18 times the amount of spot trading
Bloomberg said that Bitcoin derivatives trading showed explosive growth. According to estimates by Skew and BitcoinTradeVolume.com, the daily trading volume of Bitcoin derivatives is $5 billion to $10 billion, which is 10-18 times the amount of bitcoin spot trading. Although it is difficult to derive the exact figures for the two transactions from major transactions, the volume of transactions between the two transactions was basically flat at the beginning of the year. TokenAnalyst co-founder Sid Shekhar said: “This is the area that makes money from cryptocurrencies and is the largest ‘casino’ ever. BitMex is currently the center of the entire ecosystem. It earns at least 700,000 per day from derivatives trading. Commission for the dollar.”