BTCNEXT Exchange Update #56
Two weeks have passed in the blink of an eye. The BTCNEXT team did its best to maintain perfect conditions for the exchange and provide a smooth user experience for all its clients. Check out all our updates!
Oil futures extended their gains on Tuesday morning based on news that some European Union members are considering imposing sanctions on Russian oil, while attacks on Saudi oil facilities sent jitters through the market. Front-month West Texas Intermediate futures were up $2.21 or +1.97%, to $114.33 a barrel on NYMEX, while Brent futures were up $2.51 or +2.26%, to $118.23 a barrel.
Key indices have started to grow. The S&P 500 gained +1.17% to hit 4,463, the Dow Jones rose by +0.8% and the NASDAQ climbed +2.05%. The largest growth was seen in IT companies (+2.19%) and manufacturers of cyclical consumer goods (+2.18%).
After retesting the psychological $2,000 mark, gold pulled back to $1,935 but the uptrend continues.
The crypto market capitalization dropped -7.6% over the last 7 days. ETC grew more than the others: +50.01% in one week. Most coins lost 1–2% on average. QDAO dropped -41%, BNX dipped -1.5%, NOAHP grew +149.1%.
The correction is over. Bitcoin is preparing for a new rally and the price at the moment has consolidated above $40,000. In the near future, we should expect growth to $46,000 but if we manage to break out higher, the growth will continue into the $52,000-$58,000 range, after which a rollback may occur. There is more and more confidence in the actions of the bulls. We can expect growth towards a new ATH in the coming months. Liquidity has come to altcoins, the market is growing by segments. Some altcoins have already shown new highs. However, the situation looks ambiguous, the right choice now would be to hold Bitcoin.
BTCNEXT Exchange update
The BTCNEXT team is working around the clock to improve the exchange’s functionality. We are maintaining all the working processes to ensure a fast and stable workflow.
Daily volumes and statistics on BTCNEXT Exchange:
- BTC — $13.1m
- ETH — $7.6m
- ADA — $4.9m
- BNX — $24,700
- NOAHP — $2,100
- QDAO — $4,300
- The total average daily volume on the exchange is $41.3m.
To learn more about BTCNEXT, visit our official Website.