Crypto

Crypto Market Analysis

Crypto Market Analysis | 14 May 2024

Crypto Market Analysis

After showing two days of closed-range sideways movement, BTC finally gained some momentum as it briefly crossed $63k and appears set for another leg up with $60k as firm psychological support on the downside.

The biggest gainer in the last 24 hours was the memecoin PEPE as it crossed its all-time high coinciding with the return of GameStop trader known under the name “Roaring Kitty” on X. The investor, Keith Gill, spearheaded the meme stock rally in 2021 that spilled over into the crypto world. Since Gill was the primary reason why memecoins ran hard during that time, all top memecoins showed strength.

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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