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Good morning, crypto enthusiasts!
The recent cryptocurrency market has been quite volatile. Bitcoin (BTC) has been directly affected by news, resulting in dramatic price fluctuations. Ethereum (ETH) has also started a strong rebound, raising expectations for how far it can go.
Surprisingly, Solana (SOL) has become one of the main forces in this rebound. The price soared from $128 last night to nearly $148, which is truly astonishing.
In terms of corporate dynamics, OKX seems to be planning to return to the US market and may go public on the US stock market. Meanwhile, Grayscale has registered the Space and Time (SXT) trust in Delaware, sparking various speculations in the market.
On the global political stage, the US airstrikes on Iran have triggered a chain reaction. Reports indicate that Iran has agreed to the ceasefire agreement proposed by the US with Israel. This news may ease tensions in the Middle East.
At the macroeconomic level, Federal Reserve official Goolsbee stated that if tariffs do not lead to high inflation, they will consider restoring interest rate cuts. This statement undoubtedly injected a dose of confidence into the market. Meanwhile, Texas has signed a bill to establish a Bitcoin reserve, planning to purchase $10 million worth of Bitcoin, further highlighting the mainstreaming trend of encryption.
It is worth noting that the Federal Reserve has also made positive changes in its policies regarding encryption, removing the "reputational risk" in bank reviews, which could bring more opportunities for the encryption industry.
The volatility of the cryptocurrency market remains high, and investors need to stay vigilant and operate cautiously. Remember, only by risking a little to gain a lot can one survive in this market in the long run. Let's continue to pay attention to market trends and look forward to more positive developments.