Crypto

Crypto Market Analysis

Crypto Market Analysis | 28 May 2024 

Crypto Market Analysis

BTC traded mostly flat yesterday in the 68.6k USD to 70.5k USD range as both bulls and bears tried to give a direction to the market, but failed to do so after the unexpected ETH ETF last week. For ETH, 4k USD is acting as a big resistance for the prices to go further up and test all-time highs of 4800 USD while support can be expected around the 3800 USD mark.

The biggest mover yesterday remained Telegram’s hyper-casual gaming coin, NOTCOIN, pumping more than 50% in less than 24 hours as if to make a statement in the markets that Telegram’s TON is here to stay.

On the other hand, Ethereum’s biggest protocol UNISWAP shares its balance sheet ahead of a voting proposal on fee distribution, showing they hold more than 41 million dollars in fiat and stable coins alongside 7.8 million dollars worth of UNI. Uniswap is preparing to fight the SEC for the Wells notice it received from the regulator some time back.

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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