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
ETH has struggled to initiate an uptrend on the charts Most market indicators and metrics looked bearish As an experienced analyst, I have closely monitored Ethereum’s [ETH] price movements and market indicators in the recent past. ETH has struggled to initiate a sustainable uptrend, with most market metrics and sentiment data pointing towards bearish conditions. … Read more