Bitcoin’s 200-day moving average reached an all-time high, suggesting a bullish outlook. Short-term challenges persisted, with some metrics showing potential bearish signals. As a seasoned crypto investor with years of experience in this volatile yet promising market, I’ve grown accustomed to the intricate dance between bullish and bearish signals that characterizes Bitcoin’s price movements. Bitcoin … Read more
MATIC whales have accumulated more tokens in the last month. However, the token’s price has continued to fall. As an experienced financial analyst, I find it intriguing that despite the increase in MATIC whales’ accumulation in the last month, the token’s price has continued to decline. According to Santiment’s data, there has been a 2% … Read more
As a long-time crypto investor and privacy advocate, I find the closure of LocalMonero, a peer-to-peer Monero (XMR) trading platform, deeply disappointing. The platform’s sudden announcement on May 7 that all new signups and advertisement postings for Monero trades are disabled, followed by the impending shutdown on Nov. 7, adds to the recent wave of … Read more
As a researcher with a background in cryptocurrency markets, I find the recent developments in Bitcoin’s funding rate and annualized basis rate intriguing. Based on my analysis of the available data and insights from industry experts, it seems that these indicators could suggest an upcoming bullish trend for Bitcoin. A cryptocurrency expert suggests that two … Read more
The tokens’ volume dropped by 71.30% after reaching a high level in March. Sentiment has begun to improve, but participants hesitated adding liquidity to the protocols. As an experienced analyst, I have closely observed the recent decline in transaction volume and sentiment for Uniswap [UNI] and Maker [MKR]. Two months ago, these DeFi tokens showed … Read more
As a researcher with a background in finance and securities law, I have followed the regulatory landscape surrounding cryptocurrencies closely. The recent comments from Gary Gensler, the head of the United States Securities and Exchange Commission (SEC), regarding his frustration with the media’s focus on crypto and its perceived outsized presence in scams and frauds, … Read more