ETH briefly broke support and traded at a low of $2852 on the 1st of May. Its Futures Open Interest declined considerably since the 10th of April. As an experienced financial analyst, I believe that Ethereum’s [ETH] recent price action is a clear sign of bearish sentiment in the market. The fact that ETH briefly … Read more
Bitcoin has dropped below the $60,000 price range. More long positions have been liquidated in the last 48 hours. As a crypto investor with some experience under my belt, I’ve seen my fair share of market volatility. And the recent downturn in Bitcoin’s [BTC] price has left me feeling uneasy, to say the least. With … Read more
As a seasoned crypto investor with a keen interest in the latest developments within the industry, I find Jack Dorsey’s announcement that Block, Inc. will invest 10% of its gross profit from Bitcoin products into buying more Bitcoin an encouraging sign. Dorsey’s belief in the potential of Bitcoin as an open protocol for money aligns … Read more
MakerDAO’s market cap and revenue grew significantly over the past year. Price of MKR surged, despite declining network growth. As an analyst with a background in crypto markets and DeFi, I’ve been closely following the developments at MakerDAO (MKR) over the past year. And based on my analysis of the available data, I believe that … Read more
As a researcher with a background in finance and experience in following the crypto market, I find Coinbase’s Q1 2024 earnings report to be incredibly impressive. The exchange’s strong rebound is a testament to the resilience of the crypto industry and the impact of Bitcoin ETFs on market performance. In the initial three months of … Read more
Cardano flipped the HTF structure bearishly. The CMF indicator showed that buyers might be able to force a recovery. As an analyst with extensive experience in cryptocurrency market analysis, I believe that Cardano (ADA) is currently trading within a bearish market structure. The repeated closes below the range low at $0.447 are a clear sign … Read more