After the election, the Rebound continued, and BTC quickly approached $90,000. Crypto asset investors are excited about the latest surge in BTC prices, which occurred just days after the US election, driven by a favorable sentiment towards the digital money industry. As the price of BTC, the first cryptocurrency, rapidly approaches the highly anticipated $90,000 mark, long-term holders are now taking an interest in Bitcoin. The data shows that the price of BTC continues to soar, and analysts are confident that it will reach the $90,000 level faster than expected. Just a few days after Donald Trump returned to the White House, the price of BTC has been pumping due to the preferential treatment given to the Cryptocurrency industry by the new government. The price of BTC first broke through the $87,000 mark, reaching $87,198, more than double the $37,000 from 12 months ago. Subsequently, the BTC price slipped slightly on Monday. On Tuesday morning, the price of BTC once again reached a new all-time high, reaching $89,804, with a staggering market capitalization of $1.77 trillion. As long-term holders start to take action, this leading encryption asset experiences a moderate decline. The price of BTC is $88,800. On Monday, Alpha Coin reached a new all-time high. The BTC price is $89,899. Analysts also pointed out that as the BTC price pumps, its daily volume is increasing and currently valued at $133 billion. Analysts say that the positive sentiment towards Bitcoin has also had a domino effect on the entire cryptocurrency industry. Its price surge has also driven up the prices of other digital money worldwide. In the past 24 hours, the market capitalization of the global cryptocurrency has pumped by 4.7%, reaching a new historical high of $3.11 trillion. In addition, in the past week, the Cryptocurrency market has experienced a massive rise of 765 billion dollars. In another report, Cryptocurrency analysts stated that investment products related to Crypto Assets have achieved the highest inflow of Virtual Money so far this year, reaching approximately $31.3 billion, with total assets under management reaching $116 billion. Senior market analyst Matt Simpson has dubbed the recent PA in the cryptocurrency market as the 'Trump Bump', explaining that many investors are betting on the Trump administration paving the way for more cryptocurrency adoption. Meanwhile, other analysts believe that the positive sentiment in the cryptocurrency market is due to the outlook of a relaxed regulatory environment. Ronald Temple, Chief Market Strategist of Lazard, stated that the newly elected U.S. President has promised to dismiss Gary Gensler, the current Chairman of the U.S. Securities and Exchange Commission (SEC), on his first day in office. The SEC has been pushing for stricter regulation on Crypto Assets, which has drawn criticism from cryptocurrency investors and entrepreneurs. (Data source: Christian Encila)

According to market analyst Matt Simpson, although the European Central Bank is expected to cut interest rates tonight, the euro against the yen seems ready to pump. Simpson said that the ECB may not commit to further interest rate cuts, as mixed data from Europe suggests that the ECB will continue to rely on data and weigh interest rate cuts on a gradual basis. Simpson said that if the ECB disappoints euro shorts, then the bullish structure of EUR/JPY will appear attractive. Simpson added that EUR/JPY tends to fall to the 20-day moving average on the hourly chart, currently at 169.14, and is expected to rise to 170.00.

Celebrity Deaths Prompt the Creation of Meme Coins That Quickly Rise and Fall in Value The death of celebrities like OJ Simpson and Henry Kissinger has led to the creation of meme coins in their honor. These tokens quickly gain trading volume and skyrocket in price, only to collapse shortly after launch. The ease and affordability of launching tokens on blockchain networks like Solana and Ethereum have contributed to the proliferation of meme coins

According to official news, Simpson is about to launch the BSC-404 coin protocol on the BSC chain. The BSC-404 graph coin protocol is designed to solve the NFT liquidity problem, and Simpson token holders automatically receive the relevant NFTs.

PANews reported on February 29 that, according to CoinDesk, FTX founder Sam Bankman-Fried (SBF) submitted a sentencing recommendation document requesting a lighter sentence from the court, including letters of support from his friends and family. Notably, SBF's cellmate Carmine Simpson, a former NYPD constable, wrote a letter that drew attention to the extortion attempt. Simpson wrote: "SBF is the least threatening... Having been targeted for bullying, harassment and assault more frequently than the average prisoner, extensive media coverage of the SBF case and his former net worth led to Long extortion attempts. ” Hassan Minhas, a clinical psychiatrist, wrote that he believes SBF meets the diagnostic criteria for autism spectrum disorder, meaning he may "face a range of additional challenges" in prison and therefore "require ongoing treatment and supervision". Previously, it was reported yesterday that SBF lawyers suggested that the sentencing period for the FTX fraud case should be between 63 and 78 months. In addition, CoinDesk added that SBF lawyers believe that the "appropriate method for determining a fair verdict" should take into account the level of offence adjusted against 'zero loss', which will be considered in line with the 63-78 month recommended guideline range. The document relies heavily on the argument that there is "zero damage to customers, lenders and investors" as FTX's Rekt liquidation is expected to fully repay its customers.

Former NYPD officer Carmine Simpson, who was jailed with SBF, wrote a letter to U.S. District Judge Lewis Kaplan requesting clemency on SBF's behalf. Kaplan will be sentenced on March 28 against SBF, who was convicted of seven counts of fraud and conspiracy last November. It is reported that SBF still adheres to a vegetarian diet in prison, but the diet conditions are very poor. "Despite the fact that 12 out of every 14 meals Sam (SBF) eats each week are undercooked rice, a spoonful of disgusting-looking beans and old lettuce that has been sitting out for a week, he has kept his promise of not cruelty to animals," Simpson wrote in the letter. ” Simpson said he was initially skeptical about SBF's motives, but changed his mind after spending some time with him. He wrote: "When he (SBF) first told me that the main reason he worked so hard to be a successful and wealthy man was to give all his money to noble causes and people in need, frankly, I thought he was lying to me. But it didn't take long for me to come to the conclusion that Sam was the most selfless person I've ever had the pleasure of meeting. If Sam Bankman-Fried gets out of prison, the world will be Long better. ” Simpson added that the judge is not expected to take his letter seriously because he himself faces criminal charges. （Business Insider）

Golden Finance reports that Lars Seier Christensen, founder of enterprise blockchain Concordium, said in a recent interview that the next cryptocurrency bull market will be completely different from the last one, and investors should curb expectations for an imminent surge in cryptocurrency prices. While digital asset prices have declined over the past 18 months, corporate interest in blockchain technology has only increased. This means that the next big step for the industry will not be marked by a rebound with crypto asset prices surging like they did in 2021, but rather a gradual, more modest growth over the next 18 months, the only reason corporate types need crypto assets is to perform what they want to do on a given blockchain. So I think it's clear that one needs to realize that they don't urgently need a given cryptocurrency to appreciate significantly. However, Ben Simpson, founder of the crypto education platform Collective Shift, said that a large amount of data and indicators indicate that we have witnessed the initial stage of the Bitcoin bull market.

Golden Finance reported that Arianna Simpson, general partner of a16z, said that having been engaged in the encryption industry for more than 10 years, what we have seen is that there are very repetitive cycles. By the way, this is not unique to cryptocurrencies or web3, it has happened throughout the history of technology and will continue to happen whenever new forms of technology emerge. There were a lot of boom and bust moments. You can't expect an area to consistently receive the same amount of capital investment in all quarters. In other words, investment and financing will pick up again in the near future. But that doesn’t mean founders should wait for cryptocurrencies to become popular again. What we see is that the pace of technological development and innovation is not correlated with the amount of money flowing in at a given moment. So you might see a period of time where a lot of capital comes into this space, and obviously we're seeing that in 2021. But in subsequent years, when you don't see as many funding rounds happening, that's when a lot of the actual development work and innovation really happens.