BTCNEXT Announcements

    BTCNEXT Exchange Update #32

    While the crypto market is still deciding where to go, the BTCNEXT Team is working hard to bring the exchange the success it deserves. In the last couple of weeks, we listed new coins and updated the old ones. Read all the updates right now!

    Financial markets

    Last week, the price of gold recovered to the resistance level of $1,775 per troy ounce amid slowing growth in US Treasury yields. The dollar also weakened, supporting precious metals.

    WTI crude oil rose significantly in price and reached the resistance level of $63 per barrel. By the end of the week, oil rose in price by almost 5%. This growth was driven by a number of optimistic factors that improve expectations for the supply and demand of raw materials in the market.

    Key indices are moving up to new heights despite the pullback in recent days. The S&P 500 broke through the $4,100 mark. The Dow Jones is trading at around $34,100.

    Crypto market

    The crypto market capitalization has dropped by 6.3% over the last 7 days. DOGE grew the most: +419.5% in one week. SUSHI dropped more than the others, losing 23% of its value. The QDAO price added 52.1%, BNX grew by 14.8%. NOAHP dipped by 73.3%.

    The real fight between bulls and bears has begun! Bitcoin drastically dropped from its all-time high at $65,000 to almost $50,000 in one bloody candle. The bulls managed to push BTC back to the $56,000 mark but sellers have no intention of leaving. The price regularly retests $54,000 and this fortress will soon be broken. We can still bounce back to $58,000 but then will drop to below $49,000. The correction is here.

    BTCNEXT Exchange update

    Our team had a productive two weeks. We are working to bring the best possible user experience. Our main updates:

    Daily volumes and statistics on BTCNEXT Exchange:

    • BTC - $14.7m
    • ETH - $18m
    • ADA - $14.7m
    • BNX - $180,000
    • NOAHP - $8,500
    • QDAO - $168,000
    • The total average daily volume on the exchange is $101m.