Crypto

Crypto Market Analysis

Crypto Market Analysis | 11 June 2024  

Market Analysis

BTC failed to breach its all-time highs and fell by 2%, which indicates the market sentiment in the near short term. However, an analysis of price trends from 2011 till now shows that BTC has given a 104% CAGR, beating both the US stock market and Warren Buffett’s portfolio in returns.

The broader altcoin market is displaying a downward trend. The recently launched memecoin NOT suffered the most, down 14% as traders booked profits in the TON’s top memecoin. Another famous memecoin, PEPE, was down 9%, with 24-hour overall crypto market liquidations reaching more than $150 million as per the data from Coinglass.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment/financial advice from CoinSwitch. Any action taken upon the information shall be at the user’s risk.

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