OTC Weekly Trading Insights (02/03/2022): BTC holds the range…In anticipation of the FOMC meeting midweek the market has seen some wild swings in both directions, with BTC being more active than usual last Sunday. Despite the altcoin market  slightly ‘cooling off’ this week, we have still seen a sustained buying interest across our convert portal for the majority of the coins. $FTM has been one of the top performers this week with the coin curren

Happy Friday! The Weekly Market Highlights is an initiative from the Binance Research team to round up the week, summarizing key market events and views from the team. 🔎 Macro / TradFiThe Federal Reserve slowed its pace of rate hikes and raised the federal funds rates by 0.25%, bringing the target range to 4.50% - 4.75%. This marks the eighth consecutive increase since the central bank embarked on its rate hike cycle in March 2022. Statement fro

Charts of the WeekBitcoin’s January RallyAs of Monday, Jan 30, Bitcoin is changing hands at $23,231, with over 40% gains since the beginning of January.From a technical perspective, BTCUSD is close to its 200 Week Moving Average at $24,835 and its 50 Week Moving Average stands at around $25,335.Out Of FearThe January price surge has also changed the sentiment towards the asset. For the first time since last March, Bitcoin remained outside the “Fe

Following on from last week the market moved further to the upside briefly trading above $23k. Whilst the market has been trading in a range this week, the majority of flows has been selling volume for the major coins. However it's a different story for the altcoin market this week as coins such as; APT, FTM, APE and DYDX have seen a huge increase in buying volume followed by subsequent price increases. $APT continues to rip, currently up 124% in

Happy Friday! The Weekly Market Highlights is an initiative from the Binance Research team to round up the week, summarizing key market events and views from the team. 🔎 Macro / TradFiThe U.S. Securities and Exchange Commission (“SEC”) has rejected a spot Bitcoin ETF effort by Ark Investment Management and 21Shares, for the second time. An earlier attempt was rejected in April 2022. 🔎 CryptoL1 / L2:The first mainnet shadow fork of Ethereum’s up

Charts of the WeekBitcoin Makes A ComebackOn Sunday, Jan 22, Bitcoin hit a year-to-date high near $23,000 - highest since August last year.From a technical perspective, BTC BTC is testing one of its most significant support clusters, represented by the 200-day moving average at around $24,741.At the same time, Bitcoin is also on the verge of forming a death cross pattern, where the 50 day Exponential Moving Average (EMA) at $25,626 is near the 20

Happy Friday! The Weekly Market Highlights is an initiative from the Binance Research team to round up the week, summarizing key market events and views from the team. 🔎 Macro / TradFi“Soft landing” vs. “hard downturn” - which camp are you in? The tug of war between both camps seem to have kept the U.S. equity market indices relatively range-bound. While inflation data have improved, growth figures have shown signs of pressure. For example, whil

DOWNLOAD THE FULL REPORT HEREOverall, 2022 served as a wake-up call and juxtaposed the highs of 2021. Nonetheless, volatility is part and parcel of market cycles. This is not something new for the crypto industry, and we remain cautiously optimistic looking into 2023.L1s had an eventful year. Ethereum transitioned to Proof-of-Stake, BNB Chain and Polygon gained market share in the vacuum left by Terra’s collapse, and new L1s such as Aptos and Sui

Happy Friday! The Weekly Market Highlights is an initiative from the Binance Research team to round up the week, summarizing key market events and views from the team. 🔎 Macro / TradFiUS CPI inflation fell to 6.5% in December (down from 7.1% in November) - in line with expectations. Core inflation (stripping out food and energy) was lower than expected at 5.7%. These figures increased expectations that the US Federal Reserve will slow the pace o

Disclaimer: This platform includes third-party opinions. We do not endorse their accuracy. Digital asset prices can be volatile. Do your own research. See full terms here.Charts of the WeekBitcoin Forms New SupportOn Sunday, Jan 8, BTC traded near $17,000 forming new fundamental support at the end of the year’s first week.From a technical perspective, Bitcoin has now spent more time below its 200-week moving average (WMA) than ever before.BTC is