🆕24h crypto market overview

⏰Monday, July 29, 2024

♨️Overview:

The Bitcoin 2024 Conference officially ended with statements guiding the stable development of Bitcoin, most notably the appearance of former US President Donlad Trump. The market now really expects him to be elected in November this year.

BTC mostly moved sideways in response to the German government's ongoing sell-off and the distribution of Mt. Gox started. The weekend trading session was more impressive when it recovered to the 69K mark before adjusting slightly to the 67K area. DOM continues to be hot, combined with ETH selling pressure from Grayscale, causing Altcoin to continue to search for the bottom. The market focus this week will be on the FED's FOMC meeting and the Non-farm news taking place one day later.

♨️ETF Updating (July 26, 24):

💰Bitcoin ETF Spot: 🔴$51.8M 

🔹Etherium ETF Spot: 🔴$162.7M

🎯Week's focus:

▪️Thursday: 1:00 a.m., FED announces August interest rates and speaks afterward.

▪️Friday: 7:30 p.m., the US releases Non-farm data and unemployment rate.

❇️Top Increase/Decrease:

🟢$BCH  6%        🔴$NOT   6%

🟢$LEO    2%         🔴$SUI   5%

🟢$XMR    1%       🔴$HNT   5%

🆕Hot News:

- MakerDAO announces $1B RWAs development initiative👉MakerDAO

- US Vice President Kamala Harris's election campaign seeks to re-establish relations with crypto companies👉FinanceTimes

- WazirX exchange offers a solution after the controversial $230M hack. WazirX will unlock 55% and lock 45% (45% converted to USDT). It is worth mentioning that this amount of money was taken from the money of those who were not harmed👉WazirX

- AAVE proposes to buy back tokens on the market from the profits of the protocol👉TheBlock