Crypto

Crypto Market Analysis

Crypto Market Analysis | 23 May 2024

Crypto Market Analysis

With the deadline of ETH ETF application due today, markets have been rather silent for two days in a row now. While BTC is showing good support at 69k levels, 3.8k USD is acting as a resistance level for ETH which needs to be broken.

US Exchange NASDAQ has submitted an updated filing for BlackRock’s proposed ETH ETF, which again signals a potential ETF approval with several other exchanges also doing the same.

Meanwhile, US presidential candidate Donald Trump’s campaign has begun accepting donations in crypto assets and has advocated for reducing government control over citizens’ finances. This stance has garnered significant support from pro-crypto voters.

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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