BTCNEXT Announcements

    Exchange Update #23

    The work is on fire here at the BTCNEXT HQ! We want to share some crucial and revolutionary updates but you’ll have to wait a bit more! Instead, we’ll present other updates from the past two weeks. Check them out!

    Financial markets

    At the beginning of last week, the price of gold rose sharply and we expected a return to the uptrend for the first time since August. But in the end, the quotes returned to the level of the weekly opening, near the support of $1,840 per ounce.

    The oil markets have been growing steadily throughout the past week and it wasn’t until Friday that the price correction occurred. As a result, WTI oil reached $46.65 per barrel. Quotes strengthened amid expectations of large aid packages for the economy and the start of mass vaccinations.

    There is a sideways movement in the index market. At the time of writing, the S&P 500 was trading at $3,655, The Dow Jones at $29,860.

    Crypto market

    The crypto market capitalization didn’t change over the last 7 days. Most cryptocurrencies on the BTCNEXT Exchange remain at the same levels. XMR grew the most: +11% per week. XRP dropped more than the others, losing 17% of its value. The NOAHP price hasn’t changed. BNX dipped 45%, QDAO - 17%.

    Since our previous update, Bitcoin remains at the same levels. $19,000 turned out to be the mark that Bitcoin is tied to. The main cryptocurrency tried to fight for $20,000 but failed. It also dipped a few times but always bounced back to $19,000. Altcoins can afford such uncertainty and a substantial number of them have dropped in value.

    BTCNEXT Exchange update

    Our tireless team is constantly working to bring BTCNEXT users the best conditions and services. This time, we cannot share many updates but we are preparing something big in the coming weeks. Stay tuned... you will be amazed!

    We’ve updated the information about the Spark token airdrop. BTCNEXT and QDAO DeFi users with XRP on their balance will get Ripple’s Spark token air-dropped in 2021, after the snapshots taken in December 2020. This is the native token of Flare, the new Turing-complete FBA network by Ripple Labs.

    Daily volumes and statistics on the BTCNEXT Exchange:

    • BTC - $14.5m
    • ETH - $12.1m
    • BNX - $135,000
    • NOAHP - $1,500
    • QDAO - $69,000
    • The total average daily volume on the exchange is $66m.

    We hope you are just as excited about these updates as we are. Come back in two weeks for a new portion of news!