Crypto

Crypto Market Analysis

Crypto Market Analysis | 30 May 2024 

Crypto market analysis

BTC found a trend line support at around $67k and is now all set to launch towards all-time highs once again, having just about 8% move remaining in the process.

ETH bulls are unable to cross $3800 in the short term, and it seems like this mid-term pressure is the only thing between ETH reaching $5k and celebrating retail customers’ victory. Blakcrock also has filed its updated S1 form for its spot Ethereum ETF. On the Bitcoin ETF front, Blackrock’s IBIT becomes the largest holder of this instrument with them crossing Grayscale’s Bitcoin tally.

On the other hand, popular AI tokens, FET, AGIX, and OCEAN have now announced the date of their merger, which is set to complete on June 13 with FET users being able to swap 1:1 to ASI from June 11 itself.

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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