April 2024 results

    The fourth halving of bitcoin happened, the price of the main cryptocurrency continues to trade near the support at the mark above $60 thousand.

    April was marked for traders by liquidations of $1.8 billion, after which a prolonged sideways trend began. The reason for the unexpected, but localized market reversal was the news from the Middle East region.

    The situation changed traders’ expectations on the Fed interest rate cut, the meeting on which is scheduled for June. Earlier, the US decided to raise the inflation rate to 3.5%, the previous figure was 3.2%.

    TON took a position in the top 10 cryptocurrencies by market capitalization and updated its historical maximum, reaching a price of $7.6. All this happened amid the news of Pavel Durov’s speech at the Token2049 conference along with the CEO of Tether (USDT).

    Hong Kong approved the first spot BTC-ETF – the first trading started on April 30.

    Ripple announced the release of a stablecoin that will run on the XRP Ledger and Ethereum blockchains. The token will be 100% secured by US dollar deposits, short-term US Treasuries and other liquid assets.

    Now let’s summarize the Veles platform – we have something to please you! Let’s start with the traditional statistics.

    The big news of the month was the official launch of Veles backtests!

    Before that, the Veles team held a closed beta test, where everyone could get a chance to join the search for potential problems.

    Celebrated 25k users in the Veles community.

    Signals for spot trading from Crypto2AF appeared in our Marketplace. The author’s indicator is based on the strategy of chart patterns breakdown and helps traders to find potential entry points, reducing the need for independent market analysis.

    Added a new indicator Parabolic SAR, which helps traders to determine the trend direction and possible price reversal points.

    We launched a joint promotion with Bybit, where each user could share a pool of 20,000 USDT among 20 Veles trade leaders. As a result – $180 mln traded by Veles users.

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