EXOLO Updates,Bitcoin analysis,Crypto Market Analysis,Market News
Week in Review
Political Shifts:
Global IT Disruptions:
Digital Assets Surge:
Bitcoin Dynamics:
Ethereum ETFs:
Legal Settlements:
Mt. Gox Developments:
Treasury Speculations:
Economic Indicators:
Stay tuned for more updates and insights in the next edition!
EXOLO Community Update
EXOLO in Turkish Communities
Join us as we hit the streets of Turkey to interview locals about Bitcoin and see what they have to say. Don't miss this exciting interaction!
Technicals & Macro Update: BTCUSD Outlook
BTCUSD Breakout
BTCUSD is showing strong momentum, with a double false break pattern indicating a potential for broader market recovery. A significant catalyst is the "Trump Trade" – favoring energy, banks, and Bitcoin.
Political Developments
Recent events, including Biden's exit from the presidential race and Kamala Harris emerging as the leading Democratic candidate, increase the likelihood of a Trump presidency in 2024. Trump’s pro-crypto stance, including plans to release Ross Ulbricht and reduce regulations, boosts market optimism.
BTCUSD Technical Analysis
BTC is nearing all-time highs, targeting ~73,800. It recently broke through key resistance at 66,000, showing a strong bounce on retest. If this momentum continues, the next target is 72,000.
Key Risks
Potential downside risk comes from the Mt. Gox creditor disbursements (140,000 BTC), which could introduce selling pressure, though this hasn't materialized yet.
Market Context
Despite crypto momentum, equities faced a decline last week, partly due to the Crowdstrike software bug causing global IT issues and a cautious earnings season. With major earnings reports from Alphabet, Tesla, Amazon, and Coca-Cola this week, some investors are opting to take profits and wait out potential volatility.
领英推荐
ETHUSD ANALYSIS
Efficient Trading
Ethereum is trading efficiently within its range, despite the anticipation of the upcoming ETH ETF. The CME ETH futures basis remains steady alongside BTC, suggesting market makers have completed spot accumulation. The launch of the ETF could be imminent, potentially as early as this week.
Key Levels
The next significant level for ETHUSD is 4,000. Current key levels to watch: 2,700, 3,350, 3,600, and 4,000.
Educational Spotlight with EXOLOGY
PENDLE 2024 Massive Price Surge: A Fundamental Analysis
PENDLE Coin shines in the crypto world with its unique tokenomics, operational mechanisms, and talented team. Learn what sets PENDLE apart and why it’s a top investment opportunity.
EXOLO UPDATES:
What’s New at EXOLO?
$10,000 USDT Prize Pool on EXOLO!
Get ready for an exciting adventure! We're thrilled to announce a $10,000 USDT prize pool event for the ORDI token, launched on Monday, 22 July 2024, with the ORDI/USDT pair on EXOLO Futures!
For more info, click here.
$10,000 USDT Prize Pool on EXOLO!
Gear up for an exciting adventure! We're thrilled to announce a $10,000 USDT prize pool event for the ONDO token, launching on Monday, 22 July 2024, with the ONDO/USDT pair on EXOLO Futures!
For more info, click here.
Onchain Data
Digital asset investment products saw an additional $1.35 billion in purchases last week, reaching $3.2 billion over the past three weeks.
China is on the verge of injecting significant liquidity into the #cryptocurrency market. ??
What to Watch This Week
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