Yearn.finance’s YFI token is surprisingly resilient today despite the turbulence throughout the aggregated crypto market. While Bitcoin is plunging lower, most of the DeFi sector is actually up today. The break of this sector’s recent multi-month downtrend came about following a series of massive short squeezes seen by the blue-chip DeFi assets like YFI, SNX,…
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Bitcoin price has been rallying for most of 2020, but over the last two months, the cryptocurrency’s momentum kicked into overdrive. Anything that goes up, must at some point come back down to cool off and recharge before it can do it all again. After such a memorable push by bulls over recent weeks, the…
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Bitcoin continues to be buoyed by positive price action, hitting a high of $15,800 on Friday. Altcoins started off the week on a downward trend but eventually managed a strong turnaround. And indices in the US saw some upward trajectories as markets digested the US election outcome after the uncertainty following polling day. Simon Peters,…
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As results seesawed for days during the US election, Bitcoin emerged as a clear winner. The leading cryptocurrency hit highs above $15K, before pulling back slightly as media networks announced that Joe Biden will be entering the White House. The crypto rally was accompanied by a weakening dollar, which fell on expectations that president-elect Biden…
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The use of cryptocurrency’s underlying blockchain technology in the gaming industry has gained significant traction in recent times. Starting with the overnight success of CryptoKitties, many blockchain-based games have started to make an appearance. Keeping up with the changing times, a leading blockchain gaming startup Spielworks has recently launched Womplay – a gaming rewards platform…
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Bitcoin has seen heightened volatility this morning, likely due to that seen within the global markets. Stocks are rallying today, while precious metals and so-called “safe haven assets” all plunge due to positive vaccine news. Pfizer reported that their vaccine has shown to have 90% efficacy in a large trial, which far exceeded that market’s…
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Bitcoin and cryptocurrencies are known for their notorious volatility, rising by enormous figures only to retrace nearly 90% of the entire rise. Except that usually happens on a grander scale. Since Biden was proclaimed the winner of the US election, however, intraday volatility has skyrocketed. Here’s a look at just how violent things have gotten…
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Bitcoin’s second attempt to close above $16,000 hit a wall on Monday as traders assessed the latest progress on a coronavirus vaccine. The benchmark cryptocurrency fell 0.77 percent, suggesting that its last week’s advance, which took its price to a three-year high, would reverse in the daily sessions ahead. Bitcoin also plunged on technical merits…
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Although Bitcoin has dominated the headlines of late, Ethereum has also rallied hard. Since the beginning of October, the second-biggest cryptocurrency by market cap is up 32% to $457 at the time of writing. What’s more, unlike Bitcoin, sustainable fundamental factors, i.e. improvements to the Ethereum blockchain, seem to be behind the buying spree. Alex…
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Against a backdrop of macro uncertainty, the past month has seen a stellar run of form for Bitcoin. But the number one cryptocurrency by market cap topped out last Friday at $16k, having gained 45% since the start of last month. Source: BTCUSDT on TradingView.com What’s more, with the Bitcoin price tantalizingly close to its…
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