BingX Elevates the Partnership with Chelsea FC as its Men’s Official Training Wear Partner
BingX, a leading cryptocurrency exchange, is proud to announce an exciting new phase in its partnership with Chelsea. Starting from the 2024/25 Premier League season, BingX will transition from being a Sleeve Partner to the Official Training Wear Partner of Chelsea’s men’s team.
To celebrate this milestone, BingX launched specially-designed drones to “airdrop” the training kits at Stamford Bridge — in true crypto fashion. For the first time ever, BingX’s branding prominently features on the front of the training wear, which will be worn by players and coaching staff from the men’s team during all training sessions.
As BingX transitions to become the Men’s team front-of-shirt sponsor for the upcoming season’s training kits, this increased visibility will significantly bolster BingX’s presence in the global sports community, aligning the brand with a relentless pursuit of excellence. Just as football players train to reach peak conditions, BingX crypto traders excel through rigorous analysis and strategic trades. From the training ground to the trading arena, BingX and Chelsea empower those who never settle and continually raise the bar.
Read the full release here.
What Will Crypto Do Following Last Week’s Dip?
Bitcoin’s price hit a six-week low on June 24 before buyers intervened, pushing the price back above $62,000 in less than 24 hours. Analyzing the current market structure, some buyer interest was evident at the lows, with the $60,000 zone acting as support. The oversold conditions seen after BTC’s drop to $58,400 on June 14 resemble the price action when Bitcoin traded around $26,000 in August 2023.
Although the 2024 cycle is different, with Bitcoin hitting a new all-time high before rather than after a block subsidy halving, there is considerable evidence suggesting that Bitcoin’s steepest gains are still ahead. Historically, Bitcoin tends to show its strongest upward movements when the RSI is in the “oversold” zone below 70. Such readings can lead to steady rebounds that last for a considerable time before a sustainable rally occurs. The support level is at $60,000, and the resistance level is at $63,500.
Bitcoin is not the only asset taking a hit; the recent losses in the cryptocurrency market appear to have been triggered by the expected sale of nearly $9 billion worth of bitcoin by creditors of exchange Mt. Gox and the reported sale of hundreds of millions of dollars worth of bitcoin by the German government. This downturn affected other cryptocurrencies as well, with Ethereum and Solana all dropping on Monday but making slight recoveries midweek.
Article Highlight
BingX was voted number one in Be In Crypto’s Top Most Safe Crypto Exchanges article! The prestigious outlet highlighted our withdrawal protection, insurance coverage, and fund safety. Check out the full story here.
About Me
I’m very excited to share my interview with Cointelegraph. From social trading to comprehensive educational resources, BingX aims to make crypto trading accessible and secure for everyone. Read more about that here.
Check out the exclusive Coingape interview and gain insights into the strategic partnerships driving BingX’s growth and impact in the crypto space.
Check out my commentary on the impacts of the Bitcoin halving with Coinpost here.
Interview with Yurufuwa at TOKEN2049.
I had a fantastic chat with WU Blockchain about BRC20, BingX’s strategy in 2024, and my professional background. Check out the article linked here!
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