BREAKING
371d 22h ago

Three Arrows Capital’s Zhu Su Highlights Bitcoin’s Unique Non-Fungibility Amidst Token Boom

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

In a recent social media announcement, Zhu Su, founder of Three Arrows Capital, emphasized the significance of Bitcoin’s non-fungibility amidst the rapid proliferation of digital tokens. Su highlighted that with countless new cryptocurrencies being launched daily, the intrinsic value and unique qualities of Bitcoin stand out more clearly. His insights come at a time when the market is witnessing unprecedented levels of token issuance, leading to increased competition and a greater need for asset differentiation. As investors navigate this crowded landscape, understanding the distinct characteristics of established currencies like Bitcoin will be crucial for making informed decisions. This perspective underscores Bitcoin’s continued relevance as a store of value, even in a fluctuating market characterized by a myriad of alternatives.

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