The worst in crypto markets may be left behind: Binance analysis
The research unit of the Binance exchange wrote a report stating that most of the negative events in cryptocurrencies may be left behind. The analysis also emphasized the intersection of the US elections and the Fedâs possible interest rate cuts with the halving effect.
Binance Research, the research unit of the Binance exchange, has published a report in which it analyzes the course of cryptocurrency markets. The reasons for the decrease are mostly the country sales, which started from June, and Mt. Analysts linking to Gox distributions stated that they expect an upward movement in the coming period.
âJune was hurtfulâ
In the analysis, which stated that many negative developments in a row came after the sharp decline in the crypto markets, the following comment was made:
âRecent months have been very challenging for cryptocurrency markets, despite the rapid rise at the beginning of the year, the crypto market has remained within a certain range recently. June was really hurtful. The cryptocurrency market fell 11.4% in a month. At the moment too It is 14% behind the peak in March.
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