BTC falls below the $98000 mark

The outlook for alternative cryptocurrencies appears grim relative to bitcoin as a renewed trade war potentially breaking out between the U.S. and its major trading partners may threaten to destabilize the global economy. Still, some coins are flashing bullish hints. For instance, the XRP/BTC ratio is teasing a move above the upper Bollinger band on the monthly chart for the first time since 2017, hinting at a significant XRP bull run ahead.See all newslettersBollinger bands are volatility bands placed plus two and minus two standard deviations above the 20-period (day/week/month) simple moving average of an asset's price.The break above the upper band represents a bullish imbalance in the market, and prices typically maintain the lead for several days in a pattern called high momentum.Traders who track price patterns typically jump in with longs once prices move past the upper band, which is a sign of a bullish imbalance in the market. Breakouts following prolonged consolidations between bands tend to be more reliable.The XRP/BTC ratio surged nearly 200% following the Bollinger band breakout of April 2017, which marked a bullish resolution to prolonged low volatility trading.Let's see if the history repeats itself.

Laton Ventures, a venture capital fund in Türkiye, announced that it has completed the fundraising of 50 million US dollars and will invest globally in game and application start-ups in the seed wheel and pre seed stages. After completing the latest round of fundraising, the fund has made it clear that the funds will not be used for Web3 or cryptocurrency related business models. It is reported that in April last year, Laton Ventures launched a $35 million global gaming venture capital fund, focusing on the importance of artificial intelligence and Web3 technology in gaming. Laton Ventures' investment portfolio includes mobile game studios and innovative social gaming platforms, with investors including over 40 renowned gaming and technology industry entrepreneurs and senior executives from more than 10 countries, such as the founders or former executives of Peak, Gram, Loop, and Huuuge. In addition, large enterprises such as Supercell (the developer of Tribal Conflict), Tibas Ventures (the venture capital department of Türkiye's largest private bank ‡ š Bankas ı), as well as a number of institutional investors and family offices also provide support for the fund.

The trading volume of Binance LINK/USDT surged tenfold within 10 minutes, with a transaction volume of 358 million US dollars in the past 24 hours, an increase of 6.06%. A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.

According to the popularity ranking, ETH's popularity remains the same as yesterday, ranking second. The popularity ranking is as follows: ① ETH （$2709.02，4.64%） ② SOL （$205.11，4.59%） ③ ACH （$0.03760，10.20%） ④ PNUT （$0.1767，4.00%） ⑤ DOGE （$0.2638，4.81%） AiCoin Contract Transaction Ranking Report: The Bitget 24H contract has a transaction volume of $412.53 billion, ranking third globally

Odaily Planet Daily News: According to official sources, cryptocurrency exchange XeggeX has announced that its CEO account has been hacked, resulting in the loss of related TG accounts and XeggeX community groups. The details are still unclear. In addition, it is important that we have successfully locked the wallet to ensure the security of funds. Due to our disconnection from the database and network, the user login issue still exists. We will check all content in the background and release specific information later.