Convex Finance (CVX) has seen a continuous downtrend since the crash at the end of July, with its price steadily declining each day. This prolonged drawdown has resulted in CVX reaching a new all-time low.

Amid the growing volatile market, the CVX price trend teases a double-bottom reversal within a descending triangle. Furthermore, with a market cap of $211M, Convex Finance is up by 4.47% in the last 24 hours, with a potential bull cycle ahead.

This week's trio of top cryptocurrencies are worth watching in the coming days.

Amid the growing volatile market, the CVX price trend shows a bullish rally in motion. Despite the intraday pullback, the recovery rally in the altcoin teases a breakout run as the demand grows. With the overnight surge creating a solid bullish recovery, the CVX price teases a 2x rally upon breakout.

Since last week, Bitcoin has been trying to recover after dipping to $58,562. Although it nearly reached $63,976 on July 1, increased selling pressure and continued selling of Bitcoin by the German government forced its price back down to $60,490, reflecting a 3.6% drop.

Binance will extend the Monitoring Tag to include 11 new tokens and remove it from two tokens effective July 1, 2024.

The price of Convex Finance (CVX) saw a sharp decline on Friday morning as selling pressure mounted amid a significant dump from a whale. Data from CoinGecko showed CVX price at $3.15 at the time of writing, down sharply from intraday highs of $3.44 reached just hours earlier.

OKX to enable USDT-margined perpetual futures, margin trading, and Simple Earn for CVX on June 25, 2024.

TL;DR CVX Price Surge: Convex Finance's CVX token price has skyrocketed by over 50% in 24 hours, setting new trading volume records on platforms like Binance and Bybit. Market Cap Growth: The market cap of CVX has reached $415 million, with a daily trading volume increase of 2,800%, indicating a strong market interest.

AMBCrypto explains the reasons behind the incredible surge while touching on the next steps for CVX.

The price of Convex Finance (CVX) recorded an impressive rally over the past day. Now, traders are betting on its downturn.

As the crypto market reaches the $3 Trillion cap, the altcoins are rising to higher levels, lost during the bear run of 2022. Amidst this bull run, a DeFi token, Convex Finance's CVX, aims to regain the uptrend and scale back to new heights.

The cryptocurrency market has seen a significant downturn, with the total market capitalization dropping from $2.49 trillion to $2.21 trillion over the past month. Over the week, Bitcoin (BTC) fell 4.6% to $60,844.77, while Ethereum (ETH) dropped by 7.19% to $2,903.84.

Binance Futures, the futures trading arm of the crypto exchange Binance, has announced significant operational changes that will impact various perpetual contracts. The exchange plans to delist and adjust the leverage and margin tiers for STP (STPTUSDT), Status (SNTUSDT), MovieBlock (MBLUSDT), Radworks (RADUSDT), and Convex (CVXUSDT) perpetual contracts.

Analyst Jesse Eckel has outlined that his top altcoins are poised to surge by 10x or more in 2024. These picks span various sectors, from crypto AI to gaming to DeFi, offering diverse opportunities.

Frax Finance, a decentralized finance (DeFi) protocol, recently unveiled its Singularity Roadmap. It aims to propel the total value locked (TVL) of its layer 2 blockchain, Fraxtal, to $100 billion by the end of 2026.

Frax sets sights on $100 billion in TVL by 2026 and plans 23 new Layer 3 solutions and new asset launches.

In the past week, bitcoin has risen over 10% and ethereum has seen a growth of more than 7%. Meanwhile, several cryptocurrency assets have posted significant double-digit increases. Notably, beam (BEAM) experienced a surge of over 49%, and kaspa (KAS) enjoyed a 37% uptick in its value within the same timeframe.

Here is how some of your favorite assets concluded the week.

Despite the ongoing correction in the crypto market, opportunities abound for investors. In the spotlight this week is Bitcoin, but the world of altcoins is equally brimming with potential.

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the key $46,000 level on Friday. Ethereum (CRYPTO: ETH), however, moved higher, trading above the key $2,600 mark this morning.

The cryptocurrency industry had a relatively mixed year in 2023. It started the year well and then resumed the crypto winter where most coins were in a narrow range. It then bounced back in the fourth quarter, with most coins and tokens surging. There are now over 11,600 cryptocurrencies, according to CoinGecko.

Cryptocurrency analyst Miles Deutscher has provided insights into potential altcoin opportunities as the crypto market experiences a sharp correction and many altcoins consolidate after recent gains. Deutscher's analysis focuses on several altcoins that he believes could be poised for significant upside movement.

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the $42,000 level on Tuesday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $2,300 mark this morning.

Early Thursday, Frax unveiled sFRAX staking vault, allowing users to take advantage of higher interest rates in the U.S.

With Treasury notes hitting levels not seen since 2007, DeFi protocols tapping the real-world asset trend are on the rise.

In a recent statement, cryptocurrency analyst Miles Deutscher unveiled his weekly watchlist, shedding light on his insights into the market's trends.

Frax Share (FXS) is a cryptocurrency built on BTC standards and adheres to ERC-20 token standards, featuring 18 decimal points on the blockchain platform.

Binance delists 22 spot trading pairs in three phases, starting at 05:00 UTC on September 8, 2023. Users are advised to update or cancel their bots and convert BUSD assets into other available assets before February 2024.

ConvexFinance, a prominent platform facilitating CRV staking and liquidity mining, has taken a significant step toward enhancing its functionality.

In a recent turnaround, the cryptocurrency market has witnessed a remarkable resurgence, with both the overall crypto market cap (TOTALCAP) and the pioneer cryptocurrency, Bitcoin (BTC), showing signs of recovery. As investors eagerly observe these developments, one altcoin, Frax Share (FXS), has taken the lead in exhibiting a bullish trend.

Although the majority of the cryptocurrency market has been flashing red in the past few days, some cryptocurrencies have managed to fight through the prevailing bearish sentiment and stand out with their remarkable performance during this time frame.

Suspected Terraform Labs address sells 110,000 CVX tokens, attracting attention.

It has gained significant attention due to its fractional-algorithmic model. The FXS price has increased by 6.66% in the last seven days

BeInCrypto looks at five altcoins that increased the most in this week's crypto market, specifically from June 30 to July 7.

Ouyi OKX, a leading cryptocurrency exchange, has exciting news for crypto enthusiasts. Coincu News

The Reserve team said the investment could allow for new features such as collateralized loans and wallet products.

Energizing Frax Founder Endorses $20 Million FXS Token Buyback Strategy For Success

If accepted, the proposal will see Frax buying back even more Frax Share tokens if the FXS price drops below certain levels.

Frax Finance, the cryptocurrency ecosystem behind one of the most important decentralized stablecoins, FRAX, shared the details of its second-layer solution project. It will merge the benefits of Optimistic Rollups and Zero-Knowledge Proofs (ZKPs), two mainstream technologies for Ethereum (ETH) scaling.

The market today sees Conflux (CFX), Kava (KAVA), Render Token (RNDR), NEO, Immutable X (IMX), and Synthetix (SNX) steering through the tumultuous tides as the top gainers, while Leo Token (LEO), Injective Protocol (INJ), Rocket Pool (RPL), Pax Gold (PAXG), USD Digital (USDD), and Frax Share (FXS) are charting through choppy waters as they face market declines.

In the ever-volatile cryptocurrency market, Lido (LDO), The Graph (GRT), Frax Share (FXS), Injective Protocol (INJ), Conflux (CFX), and Litecoin (LTC) have emerged as today's top gainers. Conversely, Rocket Pool (RPL), XinFin (XDC), Klaytn (KLAY), SUI.IO (SUI), Bitcoin Cash (BCH), and Elrond (EGLD) have experienced losses.

Today's cryptocurrency market showcases PEPEcoin (PEPE), Rocket Pool (RPL), Bitcoin SV (BSV), LEO, Lido (LDO), and Frax Share (FXS) as the top gainers, while WOO Network (WOO), Nexo, Klaytn (KLAY), Curve DAO Token (CRV), Internet Computer (ICP), and Chainlink (LINK) have faced losses.

Today's cryptocurrency market showcases PEPEcoin (PEPE), Lido (LDO), Kava (KAVA), Optimism (OP), Frax Share (FXS), and Luna Classic (LUNC) as the top gainers, while Toncoin (TON), XinFin (XDC), PancakeSwap (CAKE), BitTorrent (BTT), and Flare (FLR) have faced losses.

Today's cryptocurrency market showcases Stellar (XLM), XinFin Network (XDC), Dai (DAI), and Binance USD (BUSD) as the top gainers, while Pepe Coin (PEPE), Lido DAO Token (LDO), Injective Protocol (INJ), Optimism (OP), Sui (SUI), Frax Share (FXS), and Synthetix (SNX) have faced losses.

Today's cryptocurrency market highlights Bitcoin SV (BSV), Kava (KAVA), Luna Classic (LUNC), Bitcoin Cash (BCH), SUI (SUI.io), and PEPEcoin (PEPE) as top gainers. On the other hand, Stacks (STX), Casper (CSPR), Render Token (RNDR), Convex Finance (CVX), Injective Protocol (INJ), and Woo Network (WOO) are facing losses.

Today's cryptocurrency market reveals Maker (MKR), Frax Share (FXS), Rocket Pool (RPL), Chiliz (CHZ), and Unus Sed Leo (LEO) as the top gainers. Conversely, Render Token (RNDR), Internet Computer (ICP), Elrond (EGLD), Huobi Token (HT), Hedera Hashgraph (HBAR), and XinFin Network (XDC) emerge as the top losers.