Author: CryptoCurrencyNews

As the financial world braces for the next U.S. jobs report and the Federal Reserve’s interest rate decision, Bitcoin (BTC) traders are keenly watching several critical price levels. These events are expected to significantly influence Bitcoin’s trajectory, potentially leading to heightened volatility in the cryptocurrency market.

The jobs report, scheduled for release shortly, will provide insight into the health of the U.S. labor market. A strong report could bolster the U.S. dollar, putting downward pressure on Bitcoin prices. Conversely, a weaker-than-expected report might weaken the dollar, potentially pushing Bitcoin higher.

Meanwhile, the Federal Reserve’s upcoming decision on interest rates is another pivotal factor. If the Fed signals a more hawkish stance, it could strengthen the dollar and weigh on Bitcoin. Conversely, a dovish tone could support Bitcoin by weakening the dollar and boosting risk assets.

Bitcoin’s current technical setup suggests that traders are eyeing several key levels. On the downside, the $20,000 mark remains a crucial support level. If Bitcoin falls below this level, it could trigger a wave of selling pressure, pushing prices lower. On the upside, the $25,000 level is seen as a significant resistance point. A break above this level could signal a new bullish phase for Bitcoin.

Market sentiment also plays a crucial role. Recent data indicates that institutional investors are increasingly showing interest in Bitcoin. This growing institutional involvement is seen as a positive signal, potentially providing a floor for Bitcoin prices during periods of market turbulence.

Additionally, the broader macroeconomic environment continues to influence Bitcoin. Inflationary pressures, geopolitical tensions, and regulatory developments are all factors that could impact Bitcoin’s price trajectory. Investors are closely monitoring these dynamics as they navigate the uncertain landscape.

In conclusion, the upcoming jobs report and the Federal Reserve’s interest rate decision are poised to be key drivers for Bitcoin in the near term. Traders should keep a close eye on the critical support and resistance levels, as well as broader market sentiment and macroeconomic factors, to make informed decisions in this volatile market.

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In recent trading sessions, various crypto stocks have shown signs of recovery as Bitcoin manages to trim some of its earlier losses. This follows a tumultuous period where the leading cryptocurrency had seen significant declines in value.

Key players in the crypto industry, such as Marathon Digital Holdings (NASDAQ:MARA) and Riot Blockchain (NASDAQ:RIOT), have experienced notable rebounds. These companies, heavily invested in Bitcoin mining, are often seen as barometers for the sector’s health.

Marathon Digital Holdings reported a surge in its stock price, echoing the partial recovery seen in Bitcoin. Analysts suggest that renewed interest in the digital asset space and strategic moves by these companies to optimize their mining operations could be contributing factors.

Similarly, Riot Blockchain has also seen its stock price climb. The company has been making strides in expanding its mining capacity, which might be paying off as the market starts to stabilize.

It’s not just the miners that are benefiting. Coinbase Global, Inc. (NASDAQ:COIN), a major cryptocurrency exchange, has also seen an uptick in its stock price. This could be attributed to the increased trading volumes on its platform as investors take advantage of the lower prices to buy into the market.

However, despite the positive momentum, experts warn that the volatility in the crypto market is far from over. Factors such as regulatory developments, technological advancements, and macroeconomic trends continue to play significant roles in the overall market dynamics.

In addition, companies like MicroStrategy (NASDAQ:MSTR), which has substantial Bitcoin holdings, are also feeling the effects of the crypto market’s movements. The enterprise analytics firm’s stock has mirrored Bitcoin’s price trends, underscoring the interconnectedness of their value propositions.

Looking ahead, industry watchers will be keeping a close eye on upcoming regulatory announcements and market trends that could influence the crypto landscape. The resilience of crypto stocks in the face of Bitcoin’s fluctuations will be a critical indicator of the sector’s long-term viability.

Investors are advised to stay informed and consider the inherent risks associated with the volatile nature of cryptocurrencies and related stocks. Diversification and a clear understanding of market dynamics remain essential components of a robust investment strategy.

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SINGAPORE, Sept. 11, 2024 /PRNewswire/ — Zilliqa, the established layer-1 blockchain platform that pioneered sharding technology, is excited to announce the launch of the Jasper proto-testnet for Zilliqa 2.0, the first release on its roadmap for its new, upgraded network designed to drive mass adoption of Web3.

This significant milestone sees the first Zilliqa 2.0 proto-testnet become available to the public, marking a crucial first step in the rollout of its new network, which promises to deliver an efficient and scalable blockchain designed to make Web3 as easy to use as the internet. The release of Jasper is the first step on the roadmap for Zilliqa 2.0, each of which will see the network expanded with further functionality according to the protocol’s whitepaper.

The Jasper proto-testnet introduces Zilliqa 2.0’s new Proof-of-Stake consensus mechanism, which delivers lightning-fast transactions at low cost, all while remaining energy efficient and capable of scaling to the needs of businesses and developers globally. This early version of the Zilliqa 2.0 network allows developers and validators to explore the new network’s enhanced capabilities and experiment with running a validator node and earning rewards for helping to secure the network.

The proto-testnet offers other foundational features such as EVM (Ethereum Virtual Machine) compatibility and support for Scilla smart contracts, and the network will continue to undergo active development as work progresses on Zilliqa 2.0. The Zilliqa tech team will work closely with developers and validators to discuss their feedback and mitigate the impact of any bugs or downtime they encounter when testing this early, proto-testnet version of the Zilliqa 2.0 network.

Future milestones include the release of the Zilliqa 2.0 mainnet and the progressive introduction of features such as x-shards and smart accounts, which will deliver unprecedented customisation and accessibility.

A core feature of Zilliqa 2.0’s design is to be able to adapt to the scaling and security needs of the applications running on it, allowing businesses and developers to build on a platform that works for them while being seamlessly integrated with the global Web3 ecosystem and audience. Zilliqa 2.0’s simplicity and powerful customisation positions it as the ideal white-label solution for businesses looking to leverage the benefits of Web3.

Whether a company or developer wants to launch their own digital assets, build decentralised applications (dApps), or create new digital experiences, Zilliqa 2.0 will provide the infrastructure to do so efficiently and at scale.

Commenting on the release of the Jasper proto-testnet for Zilliqa 2.0, Zilliqa Head of Research Zoltan Fazekas said:

“This launch marks a significant step forward in realising our vision for Zilliqa 2.0. The Jasper proto-testnet is not just a test environment – it’s the beginning of a new era in blockchain technology, where speed, efficiency, and user-friendliness converge. We invite developers and businesses to join us in exploring the possibilities of this groundbreaking network.”
With the launch of Jasper, Zilliqa is calling on potential new validators worldwide to onboard and test the network as pioneers of Zilliqa 2.0. This is an opportunity to play a key role in the future of the network and earn sustainable rewards by contributing to its security and resilience. Developers and potential validators are encouraged to read the docs for Zilliqa 2.0 to get started with the Jasper proto-testnet.

About Zilliqa

Zilliqa is the industry-recognised layer-1 blockchain founded in Singapore in 2018. The blockchain serves as a versatile foundation that facilitates a broad array of Web3 applications and services across a multitude of sectors including luxury and entertainment, providing a robust platform for emerging startups and established enterprises alike.

The next evolution of the network, Zilliqa 2.0 offers a user-centric and customisable layer 1 infrastructure  designed to drive the mass adoption of Web3. Currently rolling out testnet with the mainnet launch in Q4’2024.

For more information, visit roadmap.zilliqa.com.

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SOURCE Zilliqa Research Pte. Ltd.

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VICTORIA, Seychelles, March 20, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, has been acclaimed by Forbes Advisor as one of “The Best Crypto Apps & Exchanges of March 2024“, a continued honor after being recognized by Forbes as one of the Best Crypto Exchanges in 2023. Forbes Advisor meticulously evaluated key variables encompassing the quality of exchange platforms, ultimately recommending KuCoin as a compelling choice for both new and experienced investors.

Forbes Advisor recognized KuCoin for its exceptional attributes that distinguish itself within the industry. With over 800 different cryptocurrencies available for trading, earning, and investment, KuCoin has solidified its position as a leading player with an extensive range of altcoins offered at low fees.

Johnny Lyu, CEO of KuCoin emphasized, “KuCoin is honored to receive this prestigious recognition from Forbes Advisor and remains dedicated to delivering innovative solutions and exceptional trading experiences for its customers.”

KuCoin was also named as one of the Best Crypto Exchanges and Best Staking Platform for 2023 by Forbes Advisor, top 50 companies in the 2023 Hurun Global Unicorn List, the Most Recommended Exchange by Finder’s Award 2023, and the Best Crypto App for enthusiasts by The Ascent. Earning this coveted recognition “Best Crypto Apps & Exchanges of March 2024” from Forbes Advisor serves as a testament to KuCoin’s substantial contributions to the crypto trading industry, solidifying its position as a leading platform of choice.

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 800 digital assets and currently provides Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 30 million users in more than 200 countries and regions. KuCoin is currently one of the top 8 crypto exchanges. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a highly commended global exchange in Finder’s 2023 Global Cryptocurrency Trading Platform Awards. Learn more at https://www.kucoin.com/.

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SOURCE KuCoin

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SINGAPORE, March 20, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for March 20, 2024.

Merlin Chain Now Supported on OKX DEX Aggregator, Expanding Trading Options
OKX DEX, a multi-chain, cross-chain decentralized exchange aggregator of 400+ other DEXs and approximately 20 bridges, has added support for Merlin Chain. This integration enables users to trade assets and perform cross-chain transactions on the Merlin Chain through OKX DEX.
OKX also recently announced that it is the first major industry player to fully integrate Uniswap Labs’ trading APIs into its offerings. The integration includes the launch of the ‘Snap’ trading mode feature on OKX DEX to aggregate Uniswap’s industry-leading liquidity, enabling users to swap tokens on Ethereum quickly and intuitively without incurring any gas fees.
Merlin Chain is a leading Layer 2 network in the Bitcoin ecosystem that has implemented ZK-Rollup and has been utilizing fair launches and community-driven native innovations. On February 22, OKX announced that its Web3 Wallet has integrated with Merlin Chain, enabling users to access its advanced blockchain ecosystem via web extension.

For more information, please visit the OKX Support Center.

For further information, please contact:
Media@okx.com

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

• OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
• DEX: A multi-chain, cross-chain decentralized exchange aggregator of 400+ other DEXs and approximately 20 bridges, with 200,000+ coins and more than 20 blockchains supported.
• NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
• Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

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SOURCE OKX

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