Summary of the week with Sebastian Seliga from the Zondacrypto Stock Exchange

Before you a new summary of the week, which was prepared especially for us by analyst Sebastian Seliga from the Zondacrypto stock exchange.

Macroeconomic and regulatory context

Unfortunately, the influence of the Fed declaration on the market remained visible. The speeches of members of the US Central Bank emphasized a cautious approach to further cuts of interest rates, which limited the briefly enthusiasm of cryptocurrency investors.

Bitcoin: Fight for $ 100,000

Bitcoin stays in a narrow range, bouncing off the key support of 99,500 USD. Markus Thielen from 10x Research pointed to the formation of “Cup with an ear”, whose implementation could move the course to up to 122,000 USD, and thus help BTC continue strong increases.

Industry awards and achievements: Zondacrypto nomination at GamingTech Awards 2024

This week, the Zondacrypto stock exchange received a prestigious nomination in the Best Payment Service Provider in CEE category during the GamingTech Awards event. This is already the third distinction in the last 12 months – after the nominations from Invest Cuffs and Sport Biznes Polska, which confirms the position of this stock exchange as a leader of payment innovation in the region.

This success is possible thanks to the continuous implementation of solutions combining traditional payment systems with blockchain technology, such as immediate settlements of crypto-fiat transactions or integration with gaming metawers. We invite you to vote for our platform through the official website of the competition – each voice brings us closer to the next mile achievement!

Forecasts: altcoins, or is it time to revive?

There are still no clear signals of the beginning of the “Altcoin season”. Bitcoin’s domination remains at 60%, and institutional investors prefer ETFs and designs with large capitalization. Experts, however, point to the growing Stablecoin volume (USDT, USDC), which can herald the influx of capital to the Altcoins in March.

Summary

Last week has shown that the cryptocurrency market remains sensitive to macro and regulatory factors, but at the same time offers possibilities in niche segments. In the coming weeks, it will be crucial to track the Fed’s decision and progress in the Ripple vs. SEC, which can define the market direction for the rest of the year.