Don’t let the crypto trends silently pass you in July.
Instead, get caught up with these major events in this wild week of crypto.
1. The Crypto Trends Behind Bitcoin
Some investors are looking at Bitcoin but wondering …
What isn’t confusing are the price stops in place. Over the past four months, BTC has never broken its $60,000-price floor. Yes, it has come close but has never penetrated this level.
On June, 24th, we even saw a bullish rejection when BTC hit below $60,000.
What investors should consider is the new money, being Wall Street, now in the market. The smart money knows. They see the world of crypto watching with a closer stare than ever.
Now, we don’t offer investment advice, but we do believe in investing with caution. Until the market moves in a clear, steady manner, no one will be able to say “it’s up or down.”
So why is the market waiting like this? It has to do with hedging risk and power. With more eyes now watching, institutional investors know that too many sudden moves can expose them.
Overall, they prefer making a move when the market least expects it.
For this reason, don’t get sold into BTC’s current price.
A $10,000-price jump upward is easy for the grand-daddy of crypto to achieve.
2. The Crypto Stash of Julian Assange
The founder of Wikileaks has just been released from prison, but the crypto trend on everyone’s mind is how much crypto he’s earned. He couldn’t get paid in any other way …
After pleading guilty in 2019, Julian Assange returns home to Australia, meaning he made a deal. His return rests on a plea deal with the United States. Based on recent documents obtained by Reuters, Assange isn’t likely to spend time behind bars in the future.
His original sentencing was 62 months in which he’s already passed it with 1,900 days.
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So where does crypto come into play in all of this?
Assange’s site was banned from major merchants like PayPal, Visa and Amazon. As you can imagine, the best tender for donating to his news site became Bitcoin.
Estimates suggest that Julian has, so far, earned over 50,000% back on his BTC holdings.
We’d say that being in jail made him tremendously rich …
3. As If China Now Leads All of Web3.0
Pundits across the world often stay distant when assessing China’s role in the global economy, which includes its crypto trends. What spectators can’t deny, however, is how fast the Chinese government has adopted crypto overall. Currently, there’s a digital Yen.
Thousands of stores in Hong Kong and other major cities are automated.
You won’t need cash or human operators to buy any goods there.
In like manner, China is now showing how advanced it is in terms of web3.0, and where it made its public display was in none other than Toronto, Canada.
The Collision 2024 tech conference built a bridge from East to West. At the event, Canada “opened up” in an effort to attract more crypto investments. The means are lower taxes.
This venture is a “tax treaty” between China and Canada specifically. The response to this initiative will invite web3.0 and FinTech developers to set up shop, building out the world of crypto. Both participants will have a decade to take advantage of the treaty as of now.
Now who can complain about the crypto trends without taking action? Looking at the market, today, should inspire you. For those in need of a reliable platform, we have one.
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