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Today’s crypto market overview highlights various cryptocurrencies experiencing fluctuating gains and losses, emphasizing the importance of staying informed on developments, technology, security, and adoption behind tokens. In navigating the inherently risky market, due diligence and careful planning are essential for enthusiasts and investors.

Binance is reportedly exploring options to allow select institutional clients to keep their trading collateral in banks, reducing counterparty risk amidst growing concerns over exchange failures. The exchange is in discussions with Swiss-based FlowBank and Liechtenstein-based Bank Frick as potential candidates for this service, as they continue to adapt to evolving regulatory requirements.

Bitcoin rebounds to $27,800 but remains on track for its first monthly loss since December, down approximately 5%. The lackluster performance is due to changing Fed rate expectations and the strengthening USD. Experts believe a new market driver is needed for Bitcoin’s price to rise.

Technical analyst “Cheds” overcame personal challenges to become a successful crypto trader, while crypto exchange Hotbit closed operations and Ledger faced backlash over its key recovery service. Hong Kong sets its sights on becoming a leading Web3 city, and Ripple acquires Pantera Capital’s stake in Bitstamp.

Ethereum’s exchange supply hits a 5-year low, with only 14.85% held by centralized exchanges, due to factors like the FTX crisis and the Shapella upgrade. This migration away from exchanges is considered bullish, as re-staking reinforces faith in Ethereum’s long-term growth and value stability.

SingularityNET coin (AGIX) experienced a 49.7% drop from its peak price, influenced by a falling channel pattern. A bullish retracement could signal a downtrend continuation. The 24-hour trading volume for AGIX reflects a 223% gain at $402.2 million. Technical indicators may help predict potential market movements and trend reversals.

A single entity recently purchased over 57,000 contracts of ether’s June expiry call option at a $2,200 strike price, selling an equal number of September expiry call contracts. This trade, involving large transactions outside the open market, represents a short call calendar spread strategy designed to profit from significant price shifts away from the strike price. The investor likely expects ether prices or volatility to rise after the June expiry.

The crypto market witnessed a massive hit on Monday, but several promising cryptocurrencies, including AI, BGB, SPONGE, LDO, ECOTERRA, BCH, and YPRED, still offer potential for investment based on their fundamentals and technical analysis amidst the downturn.

Binance halted Bitcoin withdrawals twice in 12 hours due to heavy volumes and high fees, causing a temporary dip in Bitcoin’s value. While Binance faced challenges, OKX reported operational deposit and withdrawal services. Traders should monitor potential bearish trends as Bitcoin’s value may continue fluctuating.

Bitcoin withdrawals face issues on exchanges like Binance and Robinhood due to network congestion, leading to high fees and pending transactions. Binance has temporarily suspended withdrawals, but data reveals significant Bitcoin outflows, causing market-wide selloffs in altcoins. It’s crucial to conduct diligent market research before investing in cryptocurrencies.

Ethereum’s price is rallying, supported by an ascending trendline and positive sentiment among traders. A retest to the trendline may offer a pullback opportunity for buyers. Investors should monitor the support trendline, intraday trading volumes, and technical indicators to determine their next move in the market.

In today’s market overview, we explore Bitcoin’s slow upward push, the resilience of the Korean crypto market, and the uncertainty surrounding US interest rate hikes. The crypto industry witnesses ongoing banking instability paired with an unstoppable Bitcoin, an adaptable Korean market, and a complex economic battleground in the US.