{"id":40300,"date":"2024-05-13T09:56:54","date_gmt":"2024-05-13T04:26:54","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=40300"},"modified":"2024-05-13T09:57:17","modified_gmt":"2024-05-13T04:27:17","slug":"13-may-2024","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/market-analysis\/13-may-2024\/","title":{"rendered":"Crypto Market Analysis | 13 May 2024"},"content":{"rendered":"\n<p>The crypto market appears&nbsp;to be&nbsp;in a lull, with many&nbsp;major&nbsp;cryptos consolidating for the last few weeks. Top cryptos by market cap were rangebound over the weekend. However, investor interest&nbsp;continues to stay&nbsp;positive, with the index still in the \u201cGreed\u201d zone.<\/p>\n\n\n\n<p>Trading around $60.9k, the blockchain activity on the BTC (-0.1%) network signals low participation, with transactions on the BTC network facing a dip. However, in the latest set of predictions of BTC prices in the future, Jack Dorsey Dorsey believes that BTC will go beyond $1 million in 2030.<\/p>\n\n\n\n<p>Current trading sessions mirror the stretch between April and September 2023 when Bitcoin remained stagnant in the $25k-$30k range for six months. After this period, BTC&nbsp;went on to&nbsp;hit its all-time&nbsp;high,&nbsp;while the larger markets rallied.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto market appears&nbsp;to be&nbsp;in a lull, with many&nbsp;major&nbsp;cryptos consolidating for the last few weeks. Top cryptos by market cap were rangebound over the weekend. However, investor interest&nbsp;continues to stay&nbsp;positive, with the index still in the \u201cGreed\u201d zone. Trading around $60.9k, the blockchain activity on the BTC (-0.1%) network signals low participation, with transactions on [&hellip;]<\/p>\n","protected":false},"author":93,"featured_media":40303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-40300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"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\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/40300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=40300"}],"version-history":[{"count":5,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/40300\/revisions"}],"predecessor-version":[{"id":40310,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/40300\/revisions\/40310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/40303"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=40300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=40300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=40300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}