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Market Analysis Intermediate

Market Analysis May 16-22: BTC Closes in Red for 8 Weeks in a Row & Ethereum ‘Merge’ to Launch in August 2022

Reading Time: 5 minutesBTC Price 16-22 MayOver the past week, Bitcoin (BTC) has moved sideways within a price range of US$28,500 to 31,500. As of last week, the support level was still at around 30,000. If BTC breaks through this…
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Altcoins Intermediate

What Happened to Terra (LUNA) and UST?

Reading Time: 10 minutes TerraUSD, an algorithmic stablecoin from Terra, the second-largest DeFi ecosystem after Ethereum, depegged and collapsed last week. UST, whose value is supposedly pegged at 1:1 with the US dollar, fell to only 0.06 US dollars as…
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Market Analysis Intermediate

Market Analysis May 9-15: BTC Very Close to Bottom & Terra Announces Revival Plan

Reading Time: 7 minutesThe latest data from the Consumer Price Index (CPI) released Wednesday (11 May 2022) showed an 8.3% increase in the consumer price index compared to April 2022. This increase was 20 bps lower than last month. However,…