BTCNEXT
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BTCNEXT

BTCNEXT Exchange Update #55

The work goes on! These last two weeks have been spent on making crucial improvements to BTCNEXT. More stability, more security and perhaps more trading tools? Check out all the updates below!

Financial markets

The S&P 500 fell 3%, its worst drop since 2020, while an index of Chinese stocks traded in the U.S. dropped to its lowest level since 2016. The S&P is trading $4,200, while the Dow Jones fell to $32,800.

Oil continued its upward trend after closing near a 14-year high on Monday. European gas, nickel and wheat also climbed to record levels as the Russian invasion of Ukraine continues to drive concerns about a disruption to supplies. At the moment, Brent crude oil is trading at $124 per barrel.

Gold is strengthening its position amid global uncertainties in the markets. The price of the precious metal reached $2,000 per ounce for the first time since 2020.

Crypto market

The crypto market capitalization dropped -16.2% over the last 7 days. XMR grew more than the others: +2.6% in one week. UNI dropped the most: -16.69%. QDAO dipped -9.03%, BNX grew +1.2%, NOAHP lost -8.1%.

The crypto market continues to fall. Over the past 2 weeks, Bitcoin fell to $35,000, then sharply rose to $45,000. Now it is in the $38,000 area. Such high volatility is explained by the tense geopolitical situation as well as the fall of key indices. It is difficult to predict whether there will be another decline to below $35,000 or a reversal and a rally to $50,000. At the moment, the BTC price is in the support zone. If negative news comes from the financial markets, we can expect a downward breakdown and a decline to the next support level. Altcoins are suffering from the current situation much more than Bitcoin.

BTCNEXT Exchange update

The BTCNEXT team continues the systematic maintenance of the exchange. Thanks to the latest updates, we have managed to significantly improve its stability and security. We have begun analyzing the market for interesting and promising tokens for a possible listing.

Daily volumes and statistics on BTCNEXT Exchange:

  • BTC — $12.8m
  • ETH — $7.8m
  • ADA — $5.6m
  • BNX — $25,600
  • NOAHP — $1,850
  • QDAO — $4,500
  • The total average daily volume on the exchange is $43.6m.

To learn more about BTCNEXT, visit our official Website.

Or find us on Twitter, Telegram, Facebook, Medium.

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BTCNEXT — the future of crypto exchange is here. We offer high level security, adjusted trading fee, margin trading. Exchange to change your life for better!

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