BTCNEXT Announcements

    Exchange Update #25

    Hello and welcome to 2021. The BTCNEXT team is excited about the beginning of the new year as we are preparing many fantastic updates! In the last two weeks, there has been a lot of news to share: our Angels have received their bonuses, we’ve updated the XYM airdrop conditions and much more! Jump in for more details.

    Financial markets

    At the beginning of 2021, gold quotes rose slowly amid geopolitical instability and the dollar index fell. In the middle of last week, the quotes turned around and on Friday, they fell to the support level of $1,850 per ounce, after the publication of the U.S. employment report.

    Oil markets continue to rise, with prices gaining more than 8% over the week, hitting the same levels we saw in February 2020. A barrel of WTI crude oil reached the resistance level of $52.50. Last week, an OPEC+ meeting was held where it was decided that the total volume of production would remain unchanged until March. Market participants perceived this information as positive.

    Key indices continued to grow. The S&P 500 has crossed the $3,800 mark, while The Dow Jones rose to $31,100.

    Crypto market

    The crypto market capitalization increased by 9% over the last 7 days. ZEC grew the most: +20% per week. DOGE dropped more than the others, losing 11% of its value. The NOAHP and BNX prices haven’t changed. QDAO dipped 24%.

    The cryptocurrency market continues to be bloated. Bitcoin has shown another all-time-high above $42,000. Over the past 24 hours, the price of the main cryptocurrency has fallen by $10,000 to $31,000 but has managed to recover to the $35,000 area. However, we should expect the fall to continue as the correction has begun.

    BTCNEXT Exchange update

    2021 began with us hitting the ground running. The BTCNEXT team has already implemented many improvements. Here are the most valuable:

    • We distributed bonuses to BTCNEXT’s Superior and Rainbow Angels! The regular NOAHP bonuses were credited on December 31st. The bonuses were 1-11%, depending on individual status.
    • The XEM adapter was updated. All wallets were changed to the new ones.
    • XYM token airdrop changes. The Symbol blockchain will be launched in February 2021. It will start together with the airdrop, during which all eligible XEM holders with at least 100 coins on their balance will receive XYM at a 1:1 ratio.

    Daily volumes and statistics on BTCNEXT Exchange:

    • BTC - $15m
    • ETH - $24.3m
    • ADA - $18.5m
    • BNX - $94,000
    • NOAHP - $5,000
    • QDAO - $13,000
    • The total average daily volume on the exchange is $88m.

    Thank you for your support! We are doing our best to provide BTCNEXT users with the best opportunities and conditions. Stay tuned!