The second month of summer closes with uncertainty. In July, the annual inflation in the USA slowed to 3%, triggering a rise in Bitcoin’s price. At one point, the coin’s price surged to $31,800, reaching its yearly maximum. As of today, the price of Bitcoin is trading at around $29,400.
The US court did not classify XRP as a security, and as a result, the coin’s price reacted with a growth of more than 100%. Experts speculate that XRP’s victory in court could serve as a trigger for the beginning of a bullish market, as it deals a significant blow to the US Securities and Exchange Commission (SEC), which has been actively cracking down on cryptocurrencies. Meanwhile, several major American cryptocurrency exchanges have made the decision to relist XRP.
Cryptocurrency project Worldcoin, led by Sam Altman, the CEO of Open AI, has announced the launch of its own token called WLD. Cryptocurrency exchanges such as Binance, Bybit, and OKX have stated that they will list the new coin on their platforms.
CEO of Binance, Changpeng Zhao, has stated that the exchange is preparing for a significant increase in trading volumes over the next 6-18 months. This preparation is related to the upcoming halving of BTC (Bitcoin) and an influx of applications for spot ETFs (Exchange-Traded Funds) from various funds.
Let’s move on to platform-specific news:
Let’s start with the perfomance. The total trading volume for the month amounted to $135 million. Among the exchanges, Binance is leading in terms of volume, where our users conducted trades amounting to $88 million.
During the month, users earned $303,000 from trading with Veles bots, taking into account losses from stop-losses.
The most profitable day was July 14th when users earned $21,283, taking into account stop-losses, and they conducted a total of 25,149 trades.
Users earned the most money from trading the following cryptocurrencies: OCEAN, MATIC, XRP, SOL, PEPE, DYDX, ADA, BTC, DOGE, and ETH.
We are preparing for Bybit’s global WSOT competition and invite you to join the Veles team. For users who will trade from our team, we will hold an internal contest with branded and cash prizes.
On the platform, it is now possible to quickly connect Bybit and OKX exchange API key via Fast API.
Signal collections update from SrgArt: 13 long pairs have been added across all timeframes. Signal collection subscribers can run bots in long mode for the following coin pairs: ZIL, XLM, VET, SUSHI, STORJ, ONT, KAVA, ICX, FTM, ETC, CRV, BCH, ATOM.
Added stop loss to breakeven. Stop loss to breakeven works in tandem with multi-takes and is set when the first take is reached so that the position will not close in minus in case of return.
The showcase of ready-made bots has been updated. Configurations work with multi-takes and stop-loss at breakeven. There are bots designed for studying market mechanics, selecting Bitcoin and Ethereum, scalping settings for subscription signals, earning BNB, and more.
Limiting the Number of Bots in a Deal has been added, allowing you to have multiple active bots that received a signal from the indicator earlier than others. This function will enable the use of only a part of the deposit to maintain risk management.
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Thank you for being with us, and we wish you maximum profit. Best regards, Veles team.