In a recent video update, crypto strategist Jason Pizzino shared with his 329,000 YouTube subscribers that a key indicator suggests that Ethereum, the leading smart contract platform, is ready for further increases. According to Pizzino, ETH's Average True Range (ATR) – an indicator that measures volatility by showing the trading range of an asset over a specific period – hints at an upcoming breakout.
In my view, the recent events surrounding Binance Coin are a stark reminder of the inherent risks and unpredictability of the cryptocurrency market. The resignation of a figure as important as CZ and the DOJ announcement have undoubtedly shaken investor confidence. However, it is important to note that Binance will continue operations under new management and appears to be financially solvent. This could offer some calm to the market after this tumult
Teng notes that 15 billion have already flowed into Bitcoin ETFs since their approval, highlighting strong institutional demand. This trend is anticipated to continue, supporting the expansion of the crypto market. Analysts at Standard Chartered have even suggested that Bitcoin could reach up to 200,000 next year, and potentially 250,000 if a market squeeze occurs.$BTC
A significant factor behind Teng's revised predictions is the early approval of Bitcoin exchange-traded funds (ETFs) this year, which he initially did not expect until late 2024 or 2025. The approval and launch of these ETFs have attracted a substantial institutional investment to the market, introducing new liquidity. This flow of funds has not only boosted Bitcoin, but is also expected to improve liquidity for Ethereum (ETH), following the recent approval of a #Ethereum ETF. $ETH
Binance CEO Richard Teng shared optimistic predictions for the cryptocurrency market during an interview on the Bankless YouTube channel. Teng anticipates Bitcoin (BTC) to surpass 80,000 before the end of the year and forecasts even stronger performance by 2025 due to improvements in macroeconomic conditions.$BTC
Binance announces the distribution of ZKSync tokens to address community concerns, from June 17 to July 16, 2024. Users must deposit 0.02 ETH from approved addresses; distribution is on a first-come, first-serve basis, awarding 200 tokens to each. Eligible users must have 50+ transactions on ZKSync Era between February 2023 and March 2024. promo
At the St. Petersburg International Economic Forum, Anatoly Aksakov, chairman of the Financial Market Committee of the Russian State Duma, announced that Russia could start using the digital ruble for international transactions by the end of 2025. Aksakov stated that the central bank's currencies Digital (CBDC) will become a standard for international payments within five years.
Binance Spot is pleased to announce the planned launch of Copy Trading on Spot and welcomes all expert traders to register as Master Traders. The Copy Trading feature on Spot is now available on the Binance website for top traders to explore and build their portfolios.
Binance is a leading global cryptocurrency exchange platform. It allows users to buy, sell and exchange cryptocurrencies using different fiat currencies (such as the US dollar or euro) or with other cryptocurrencies.
It is good to know that Binance does not charge maintenance or inactivity fees. You will also not be charged for opening or closing an account. Keep in mind that Binance has many other products (derivatives, cards, loans, etc.)
Mastercard's pilot program uses crypto credentials to enable money transfers between users securely and efficiently. This system takes advantage of blockchain technology to ensure that transactions are transparent and verifiable, minimizing the risk of fraud.
Crypto markets have remained relatively inactive over the weekend, maintaining gains made last week following approvals of Ethereum exchange-traded funds in the United States.