Crypto

Crypto Market Analysis

Crypto Market Analysis | 20 June 2024  

Crypto Market Analysis

BTC consolidated in a very narrow range on Wednesday, with altcoins showing some strength after days of choppy trading. This comes as Bitcoin exchange reserves reach a three-year low, which means there could be a supply shock on the cards with the unprecedented demand for Bitcoin ETFs.

In altcoins, the rally was led by AI tokens FET (20%) and AGIX (20%) as the biggest merger of crypto tokens to date of FET, AGIX, and OCEAN, has been postponed to July. This comes as Nvidia became the world’s largest company by market cap.

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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