Grayscale’s research director, Zach Pandl, maintains that Bitcoin’s drop to US$58,000 by the end of June marked the bottom of the market’s bear phase. The firm has formally greenlit its institutional and retail clients to consider allocating fresh capital into cryptoassets, at a time when BTC is trading above US$77,000, recovering after recent regulatory and macroeconomic swings.

The floor or bottom of an asset—also known as support—is the lowest price level an asset has reached, or is estimated to be able to reach, during a downtrend, before buying pressure overtakes selling pressure and the price starts to rise again.

Binance’s launch of 24/7 perpetual currency futures marks an important step in the expansion of cryptocurrency exchanges into traditional financial markets. Since conventional currency markets close on weekends, this type of product requires innovative technical solutions to operate continuously.

The key features of the contracts include full 24/7 operation, coverage of major international currency pairs such as EURUSD, GBPUSD, USDJPY, among others, and high leverage options that can reach up to 100X, aligning with industry standards for these products.

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