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Crypto market cap reclaims $1T, and derivatives point to further upside

Bitcoin’s performance has outpaced Warren Buffett’s Berkshire Hathaway over the past six months, with crypto markets appearing to have turned a corner.

The total market value of the login password increased by 26% in 7 days, reaching $116 million on March 17. BTC is the most important big winner of the original 20 coins, up 31.5%, although some alternative coins have risen 50% or more during this period.

When the price of digital currency soared, the Federal Reserve (Federal Reserve) was forced to give banks $300 billion in emergency assets. Nearly half of the money went to failed financial companies, Silicon Valley banks and signed financial institutions, and was used to buy uninsured depositors, according to PBS NewsHour. The remaining $153 billion was obtained by a long-term plan called the discount window, which allows financial institutions to borrow for up to 90 days.

Legal activist investor and billionaire Myers Ackerman said that although it appears to be protecting commercial banks, it is convenient for the FDIC to give additional assets and to use the resources of the Fed conference network to give bank credit. It will eventually create a "false sense of trust."

Ackerman of Pershing Square, a financial derivative, said the $30 billion package tailored by foreign regulators to prevent a major liquidity crisis in First Republic Bank "raises more problems than answers." In addition, Ackerman stressed that "in the event of a crisis of confidence, the most appropriate response is unrealistic."

Billionaire Warren Buffett is the loser in this card game

With the catastrophe of the commercial bank disaster, Berkshire's founder and largest shareholder Warren Buffett watched his fortune shrink rapidly. Berkshire Berkshire is a financial group with a total market capitalization of $650 billion. Berkshire, for example, is a large holder of bank of America stocks, which have fallen 15.5% so far this year. That alone cost Buffett $5.2 billion from his financial tools.

Buffett, a well-known critic of digital currency, has made it clear that he has little interest in bitcoin, even though all bitcoins cost $1300. The 91-year-old, who has a total fortune of about $102 billion, claims that Bitcoin will not cause anything else, while fields and real estate will also produce other things.

But in the six months to March 17, the price of bitcoin rose 31.5%, while Berkshire's shares rose 5.8%. So, for now, the so-called "rat drugs"-- as Buffett has described before-- have surpassed their own business management companies.

The support point of the total market value of US $100 million recovers quickly.

Let's take a look at the performance of the top 80 digital currencies by market capitalization and see if the surge to $100 million has boosted the confidence of alternative currency investors.

After KuCoin Ventures announced a $10 million investment in the CNHC project, a payment service provider for stablecoin publishers and distributed books, Conflow's CFX rose by 97.6%. Conflow in Taihe County is available on the Internet.

Stack's STX (STX) has increased by 75.7%. As the network plans to upgrade on March 20th, it has released Stacks2.1, which has enhanced new features and improvements.

IMX, which cannot change X, rose 71.7 per cent after the much-anticipated announcement of strategic partnerships on March 20th.

Stock index futures holders are full of confidence in the current market situation.

Traders can measure hot sectors by considering more thematic activities by bullish (buying) stock index futures or selling (selling) stock index futures. Generally speaking, the call option is used for the call countermeasure, while the put option is used for the call countermeasure.

The ratio of put to call is 0.70, indicating that the unforced unliquidating interest of put options lags behind a large number of call options. By comparison, the 1.40 index is good for put options, which is a bullish data signal.

Since March 12, there has been strong demand for neutral to bullish call options, indicating a further increase in the risk of derivatives traders investing in stocks. The market peaked on March 17, when the ratio of call to defensive put was 3:1.

The spread on call options has remained at 2:1, indicating that professional investors have nothing to worry about after rejecting the total market capitalization level of $116 million on March 17. Finally, the data show that Bitcoin has a strong appeal at the $26000 support line, so those who are bullish on Bitcoin will be in a good position to continue to rise.

by Marcel Pechman
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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