I thought we all agreed that July will be Bullish for Crypto | CryptoGist24 on Binance Square

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I thought we all agreed that July will be Bullish for Crypto? Now what is this? 😏
#BinanceTournament #SOFR_Spike #IntroToCopytrading #MtGoxJulyRepayments #Megadrop 

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According to analysts, Bitcoin typically takes 18 months after a halving event to reach a new all-time high (ATH). This cycle has shown a unique deviation; Bitcoin's recent rise from $69,000 to $73,000 was primarily driven by the approval of an ETF. Historically, we would expect another 15 months before Bitcoin reaches its peak for this cycle. Therefore, a significant wait remains before we potentially see Bitcoin's next ATH. #Megadrop #BinanceTournament #CPI_BTC_Watch #SOFR_Spike #bitcoin☀️

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According to the data, Bitcoin experienced its largest drawdown of the current cycle at -26% from its all-time high (ATH). However, this decline is relatively minor compared to corrections in previous bull markets: Genesis to 2011: -49% 2011 to 2013: -71% 2015 to 2017: -36% 2018 to 2021: -63% #BinanceTurns7 #BinanceTournament #BTC_Bounce_Back_to_57k #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments

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Starknet, the Layer 2 network on Ethereum, is set to introduce staking for its $STRK token by the end of 2024, according to an announcement by developer firm StarkWare at the Ethereum Community Conference (EthCC) in Brussels, Belgium. StarkWare CEO Eli Ben-Sasson presented a Starknet Improvement Proposal (SNIP) to the community, proposing the implementation of staking. If approved, a testnet for staking will be launched shortly, followed by a mainnet launch planned for Q4 2024. #BinanceTurns7 #BinanceTournament #MtGoxJulyRepayments #BTC_Bounce_Back_to_57k

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According to Eleanor Terrett, a journalist at Fox Business, CFTC Chairman Behnam stated that an Illinois court has affirmed Bitcoin $BTC and Ethereum $ETH as digital commodities under the Commodity Exchange Act. This distinction is significant in regulatory terms: commodities such as gold or oil are tradable goods, while securities denote ownership in a company. This classification places Bitcoin and Ethereum within the CFTC's regulatory purview, distinguishing them from assets overseen by the SEC. #bitcoin☀️ #BinanceTurns7 #BinanceTournament #ETHETFsApproved #MtGoxJulyRepayments

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Nigeria's Finance Minister, Wale Edun, has advocated for the establishment of cryptocurrency regulations in light of the newly inaugurated Securities and Exchange Commission (SEC) board. Local media reported Edun urging the SEC to tackle the intricacies of cryptocurrency regulation. #BinanceTournament #BinanceTurns7 #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments #BTC_Bounce_Back_to_57k

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