CEO of ValueZone Explores the Effects of Bitcoin Halving on the Cryptocurrency Market

London, England, June 08, 2024 (GLOBE NEWSWIRE) —

The cryptocurrency sector has witnessed a downturn in its
trade volumes by about 20% in May, influenced by the Bitcoin halving event that occurred recently. Adam Carl
Waldman, the CEO of ValueZone, an eminent cryptocurrency exchange, comments on the current stance of the market
and what this means for investors.

Insights into the Market Slump:
A recent CCData analysis notes a notable reduction in spot and
derivatives trade through central exchanges, with a fall to $5.27 trillion in May. The dip largely correlates
with market reactions to March’s Bitcoin halving, an event that typically initiates a trade cooldown as markets
acclimate to the decreased Bitcoin availability.

“Usually, after a halving, we find traders reassessing their asset management strategies in order to adjust to
the newly altered supply circumstances,” Waldman says. “This year, however, the effect has been amplified by the
general economic downturn expected throughout the summer.”

Spotlight on Major Exchanges:
Binance continued to dominate the spot trading volume in May despite
witnessing a decline similar to other prominent platforms like Bybit, OKX, Coinbase, and Gate.io. As of the
current date, Binance has grown its share of the market to 34.6%, a reflection of its strategic responses to the
market environment.

In contrast, exchanges like Upbit, OKX, and MEXC Global have experienced notable drops in their shares,
demonstrating a shift in the crypto trading market dynamics.

The Steadiness of the Derivatives Market:
Despite the general slump, the derivatives market has
shown resilience, now representing 70.1% of the total digital currency market. This market segment observed a
19.4% decrease in derivative volumes, hinting at a continual preference for advanced trading tools.

“The durability of the derivatives sector emphasizes a maturing crypto
market, where veteran traders use advanced financial tools to hedge and manage trades under a
variety of conditions,” Waldman elaborates.

Looking Ahead and Seeing Opportunity:
Even with the current quiet period, signals of a bullish
anticipation like increasing funding rates and an uptick in Ethereum option trading – driven by the speculation
surrounding ETH ETFs in the U.S. – point to an undercurrent of positive market expectation. These indications
hint at traders gearing up for upcoming chances that could stem from regulatory changes and movements in the
market.

Initiatives by ValueZone:
Facing the current market trends, ValueZone is
concentrating on improving its service to better support its clientele during such fluctuating times. This
includes investing in educating traders to grasp market principles and the introduction of more effective
measures for crafting strategies and managing risks.

Amidst the present disruptions and potential riches, ValueZone
pledges its devotion to equipping its users with the necessary insights, tools, and help to excel in the labyrinth
of cryptocurrency trading.

For detailed information on how to engage with ValueZone and capitalize on the crypto summer, be sure to visit
https://valuezone.ai or reach out via media contacts.

Media Contact Information
Contact Name: Siodina Edgar
Contact Email:
siodinaedgar@valuezone.ai
Company: Wealth Investment Blockchain Company Ltd.
Location: Essex, United
Kingdom
Website: https://valuezone.ai

Disclaimer: The data shared in this news release should not be considered as a call for investment and is not
meant as investment guidance, fiscal advice, or trading advice. It is crucial to conduct due diligence,
including consulting a certified financial counselor, prior to investing in or trading cryptocurrencies &
securities.