Gomining

We’re happy to present the latest edition of GoMarket Weekly, authored by our expert crypto market analyst, Mike Ermolaev! This week, we explore Bitcoin&#39;s local bottom, Ethereum&#39;s promising ETF launches, recent hacking incidents, and key legal, regulatory, and political developments in the crypto world. &#x1f50d; Bitcoin Finds Local Bottom, Anticipates Upward Momentum Bitcoin&#39;s trading range this week, between $56,930 and $65,866, reflects heightened volatility. On-chain indicators suggest Bitcoin may have found a local bottom, as large sellers have exhausted their selling power. Traders&#39; unrealized margins have improved significantly, indicating potential upward momentum. The German government&#39;s Bitcoin liquidation raised €2.6 billion ($2.88 billion), which helped reduce selling pressure and may pave the way for price recovery. &#x1f310; Spot ETFs Spark Optimism for Ethereum Ethereum (ETH) traded between $3,061 and $3,503, posting a 10% gain for the past week. The launch of spot ETFs is expected to change Ethereum&#39;s market dynamics significantly. Several Ethereum-ETFs have updated their filings with the SEC, with U.S. trading likely to begin on July 23, sparking optimism for substantial market inflows. Bitwise forecasts a potential price rise above $5,000 following these launches. &#x1f6e1;️ Hacking Incidents Raise Security Concerns Creditors of Mt. Gox have reported multiple attempted hacks on their accounts, raising security concerns. Additionally, Indian crypto exchange WazirX suffered a major hack, losing over $230 million, allegedly carried out by North Korean hackers. &#x1f4dc; Major Political and Legal Shifts Impacting Crypto Donald Trump has selected pro-crypto Ohio Senator JD Vance as his vice-presidential pick, potentially influencing future crypto-friendly policies. In a contrasting development, Senator Bob Menendez, known for his anti-Bitcoin stance, has been found guilty of bribery. Furthermore, FTX and the CFTC have agreed on a $12.7 billion settlement to compensate exchange clients, marking a significant resolution in the regulatory saga. Additionally, Craig Wright has published a legal notice on his website declaring he is not Satoshi Nakamoto, aiming to end the controversy and legal battles surrounding his identity. For more details, check out the <a href="https://gmt.io/media_room/blog/gomarket_weekly_19/" rel="noopener noreferrer nofollow">full analysis</a><a href="https://gmt.io/media_room/blog/gomarket_weekly_19/" rel="noopener noreferrer nofollow"> </a>and stay tuned for more insights and updates in next week&#39;s GoMarket Weekly!

🚀 GoMarket Weekly #19 🚀

GoMining

2024년 7월 31일에 게재된 다른 기사

How Tron’s upgrades are reshaping the digital economy: Report

$BLOOD Initiates Pre-Sale Amid Plans Of Revolutionizing Meme Coin Market

Wisconsin unveils tracker to fight crypto fraud and investment scams

Blackbird Labs Elevates Crypto Dining

Solana's Solend Rebrands to Save and Launches Dumpy.fun for Shorting Memecoins

Trump Announces Vance as His VP Elect: MAGA Vice President ($MVP) Soaring to $2.2 According to An...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!