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[XT] Daily Blockchain Newsfeed, Thursday, October 22nd

[XT Exchange] focuses on disseminating the most up-to-date, interesting, and valuable cryptocurrency and blockchain industry news.

Stay Updated: Mainstream Encrypted Asset Market Quotes at 11:00 today

(Data Source: Feixiaohao)

Name Price(RMB) 24h Change

BTC 85114.38 4.91%

ETH 2625.10 5.44%

XRP 1.70 4.05%

USDT 6.66 0.01%

XT 40.65 0.57%

Stay Informed: Daily Analysis

1. Data | BTC popularity and on-chain activity hit a new high in 3 months recently, and OTC trading volume registers a rapid rebound

According to TokenInsight data, the TI index, which reflects the blockchain industry's overall performance, was at 976.19 points at 8 o’clock on October 22 (UTC+8), up 60.92 points from the same period yesterday, an increase of 6.66%. Also, among the top 10 industries that TokenInsight pays close attention to, the max increase within 24 hours is the e-commerce industry, representing a 39.62 percent increase; the max decline within 24 hours is the unique payment industry, representing a 9.38 percent decrease. According to monitoring, BTC 24h turnover was $43.9 billion, the number of active addresses increased by 3.38% over yesterday, and the number of transfers decreased by 7.83% over yesterday.

— [XT interpretation] BTC popularity and on-chain activity hit a new high in 3 months recently, and OTC trading volume registers a rapid rebound, which may fluctuate upward in the short term. (Note: the above data is for reference only and does not constitute an investment proposal.)

2. Dynamics | Today’s Fear and Greed Index is 73

Today’s fear and greed index are 73 (yesterday’s 61), the greed level is continually rising, registering ‘greed.’

— [XT interpretation]The fear index threshold is 0–100, including indicators: volatility (25%) + market volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin’s proportion in the entire market ( 10%) + Google hot word analysis (10%).

3. Views| Huang Yiping: Digital currency improves the efficiency of capital flow and also increase the transmission speed of financial risks

In an interview, Huang Yiping, deputy dean of the National Development Research Institute of Peking University and director of the Digital Finance Research Center, said that any technology has risks, and the same is true for central bank digital currencies. In terms of security, potential risks such as cyber-attacks, counterfeiting, and fraud need to be considered. Technical risks may be a challenge for the central bank’s digital currency. On the other hand, digital currency has improved the efficiency of capital flow. Also, it increases the transmission speed of financial risks, which will demand higher requirements for future supervision. The cautious attitude of central banks to digital currency research and development is understandable. We need to achieve a balance between financial innovation and stability, comprehensively understand risks, and even formulate effective risk prevention plans. This is also a prerequisite for countries to launch central bank digital currencies.

— [XT interpretation] Major economies have launched central bank digital currency agendas one after another, creating new international competition in the financial sector. The competition among countries is often a competition of soft power, and financial capability is crucial. In the financial field, the digital currency will become an important battlefield in the future, which is also related to the international currency landscape's evolution.

Stay Tuned丨Daily Encrypted Encyclopedia

1. Flag Pattern

The flag pattern is like a flag hung on the top of the flag, which usually appears during rapid and large market fluctuations. After a series of tight short-term fluctuations, the price forms a rectangular shape slightly inclined in the opposite direction to the original trend. The flag pattern is divided into a bullish flag pattern and a bearish flag pattern.

2. Box Pattern

It is a typical finishing form. When the price rises to a certain level, it encounters resistance and turns back, but it quickly gains support and then rebounds. However, when it returns to the previous high point, it is blocked again, and when it falls to the last low point, it is supported again. These short-term highs and lows are connected by a straight line, registering a channel neither upward nor downward but develop in parallel — this is a box pattern.

About XT.COM

XT.COM is the world’s first social infused exchange. Users can chat in communities while knowing the market trend to invest. In XT communities, users explore valuable coins together.

XT.COM is building towards garnering loyalty and bring new potential for the development of the entire blockchain industry. To achieve better development, it is necessary to break the tradition with a fresh model.

XT Exchange not only empowers the blockchain industry but leads the industry with its innovation.

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