The worst in the crypto market may be left behind: Binance analysis
The research unit of the Binance exchange has written a report that says most of the negative events in cryptocurrency can be left behind. The analysis also highlights the intersection between the US election and the possibility of a Fed rate cut with a halving effect.
Binance Research, the research unit of the Binance exchange, has published a report analyzing the developments in the cryptocurrency market. The decline was mainly due to domestic sales, which began in June, and analysts at Mt. affiliated with Gox distributions said that they expect an upward trend in the coming period.
'June was painful'
In the analysis showing the many negative developments that continuously occurred after the sharp decline of the cryptocurrency market, the following comments were made:
“Recent months have been very difficult for the cryptocurrency market, despite the rapid rise at the beginning of the year, the cryptocurrency market has recently remained within a certain range. Jun is really heartbroken. The cryptocurrency market has dropped 11.4% in a month. It is now 14% below its peak in March.
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