As an experienced analyst, I’ve witnessed many volatile price movements in the cryptocurrency market, and the sudden crash of Bitcoin (BTC) on May 10 was yet another reminder of its inherent risk. Leveraged long traders were once again caught off guard as BTC plummeted from a high of $63,494 to an intraday low of $60,308 … Read more
As an analyst with a background in market research and data analysis, I have closely monitored the recent developments surrounding BNB (BNB) and its price action. The two-day rally that pushed BNB above $605 on May 9 was a significant move, but today’s pullback has left many traders questioning when the token will break out … Read more
Demand for XMR has spiked over the last few days This happened despite the proposed plan to shut down LocalMonero As a researcher with experience in cryptocurrency markets, I find it intriguing that Monero’s XMR has defied the negative sentiments surrounding the closure of LocalMonero trading platform. The demand for XMR has spiked over the … Read more
In summary, the altcoin market has seen a mixed performance in the past few days with some coins showing signs of recovery while others continue to face selling pressure. Bitcoin’s consolidation near the $30,000 level is expected to set the tone for the major altcoins. Binance Coin (BNB) and Solana (SOL) are attempting to recover … Read more
Low UTXO Age Bands and dominant short liquidations suggest that the price can hike Old hands have reverted to accumulating too As a researcher with extensive experience in analyzing cryptocurrency market trends, I believe that the current state of the Bitcoin market is far from reaching its peak based on several key indicators. The low … Read more
As a seasoned crypto investor with a deep understanding of the market, I find it intriguing that Wells Fargo, one of the largest financial institutions in the US, has disclosed investments in Bitcoin-related ETFs and a crypto ATM provider. With assets totaling over $1.7 trillion, this is a small but notable step into the world … Read more