Twenty One plunges nearly 20% on its first day of trading; the valuation mystery of the third-largest Bitcoin DAT. | Bee Network
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On November 18, amid a gloomy global financial market, Crypto once again experienced a “Black Tuesday,” with BTC falling below the $90,000 mark during the day. It has fallen by about 30% from its historical high of $126,000 a little over a month ago, entering a technical bear market. At the same time, discussions about the BTC shutdown price, mining company exits, and cyclical reshuffling have recently emerged. However, unlike in the past, the core assumption of this round of discussions is no longer the internal supply and demand of Crypto, but rather a new, more macro-level fact: AI and Crypto are now competing for electricity in the same energy pool. It can be said that in the past year, from policy subsidies to energy/land allocation to marginal revenue differences,…# Analysis# bitcoin# crypto# defi# Exchange# MarketPre
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- Author | Dingdang ( @XiaMiPP ) Twenty One Capital (NYSE: XXI), a Bitcoin asset reserve company jointly backed by stablecoin giant Tether and Japanese conglomerate SoftBank Group, officially list...