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Today’s Cryptocurrency Headline

The number of ETH staked in Lido, the Ethereum 2.0 staking protocol, has exceeded 1 million, with a total value of more than $3.2 billion. In addition, data shows that the total number of ETH staked in Ethereum 2.0 network has exceeded 7,144,000. Lido is an Ethereum 2.0 staking service platform. Users can stake any amount of ETH and get 1:1 staking token stETH to participate in other services in the DeFi market.

Bingbon’s Bitcoin Chart 

Source: TradingView& Bingbon

The crypto sector has been weighed down by a crackdown this week. Bitcoin‘s rally is fading. It is now facing resistance between $50,000 and $55,000, with $46,700 a key support level. Bitcoin price swings typically occur before the expiration of monthly options. According to data from Skew, 425,000 options contracts worth about $2 billion are set to expire this Friday. BTC tends to be weak in the run-up to the option expiration date, and when prices stabilize after settlement, the next trends will start to choose a new direction. The price of Bitcoin will remain range-bound for a long time.