A 0.75 correlation coefficient showed Solana’s movements closely align with Bitcoin’s price. Negative sentiment around BTC and SOL could hinder immediate price gains. As a researcher with a background in cryptocurrency analysis, I find it intriguing that Solana’s (SOL) price correlation with Bitcoin (BTC) is quite strong. According to recent data, the correlation coefficient between … Read more
As a researcher with a background in law and cryptocurrencies, I find the conviction of Alexey Pertsev, the developer of Tornado Cash, a significant turning point in the regulatory landscape of crypto. This Dutch court’s guilty verdict on money laundering charges, despite Pertsev having no direct involvement in the laundering, sets a chilling precedent that … Read more
WIF witnessed a massive decline in price over the last few days, causing a surge in long liquidations. Market sentiment fell, while other cryptocurrencies gained. As an experienced analyst, I’ve seen my fair share of market volatility and price movements in the cryptocurrency sector. WIF (Dogwifhat) has been a memecoin that has garnered significant attention … Read more
ETH could be close to its bottom after the transaction size failed to spike. While the price might slip, traders are convinced of a quick recovery. As a researcher with experience in analyzing Ethereum’s market trends, I believe that Ethereum could be close to its bottom after the transaction size failed to spike significantly. The … Read more
BNB’s price action remained less volatile over the last seven days. Most metrics looked bullish on BNB, but a few suggested otherwise. As an experienced analyst, I’ve closely observed Binance Coin’s (BNB) price action over the last week, and my take is that the coin’s momentum has slowed down, with less volatility in its price … Read more
ADA’s price has rebounded to $0.48, allowing investors who bought at this price to break even. Analysts highlight the ADA/BTC ratio reaching a low point, indicating a likely rally for ADA. As a researcher with experience in analyzing cryptocurrency markets, I am encouraged by Cardano’s [ADA] recent rebound to the $0.48 price point. This comeback … Read more