Cryptocurrencies Price Prediction: DCG, Binance & Bitcoin – European Wrap 1 May

Genesis, Gemini, DCG Group starts mediation at risk of $630 million default, what this means for crypto

Gemini, an American cryptocurrency exchange and custodian has updated its users about the progress in the mediation process to get users’ investment back. The next 30-days are critical to the mediation process between Genesis, Gemini and the DCG Group.

Binance Coin price slides lower on Monday as dark clouds hang over crypto

Binance Coin (BNB) price is sliding lower this Monday as what appears to be quite a global descent for most major crypto and alt currencies. The leg lower makes sense though as price action grew overheated over the weekend with a late rally on Sunday that pushed the Relative Strength Index (RSI) nearly into overbought territory. Expect a small leg lower with support soon to kick in so that the RSI eases a bit before seeing price action swinging back up again.

Week Ahead: Important week for Bitcoin’s 2023 rally

Things are starting to get interesting for cryptocurrencies again, especially with the spike in volatility over the weekend. With two major macroeconomic events scheduled, traders can expect a lot more.

Let’s break down the events, key levels and narratives for this week.