Ethereum is down 5% and it broke $330 and $320 support levels against the US Dollar. ETH price remains at a risk of more losses below $300 as long as it is below $340. Ethereum extended its decline below the $330 and $320 support levels. The price traded as low as $313 and it settled…
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Uniswap’s token (UNI) has been bearing witness to immense volatility throughout the past few days, with its post-launch price action being surprisingly strong – considering that all users of the platform were airdropped a sizeable quantity of tokens. After rallying to highs of $8.50 in the days following its launch, the token has since witnessed…
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Chainlink’s price action has been quite grim as of late, with it facing unusual inflows of selling pressure as investors begin jumping ship. The mass exodus of capital away from the cryptocurrency has caused its price to decline from highs of $20.00 that were set just a matter of weeks ago, to lows of $7.80…
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The common narrative shared over recent months is that Bitcoin is adversely affected by increases in the value of the U.S. dollar. Case in point: when the dollar began to spike in February and March, BTC began to tumble lower, as did the S&P 500 and the price of gold. More recently, when Bitcoin topped…
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An expert in Bitcoin fundamental analysis claims that although the cryptocurrency is bullish currently, things could get “rocky” until after the US Presidential Election concludes. But as soon as the winner is chosen, the “clarity” combined with the asset’s halving has in the past provides “solid” foundation for each new bull run to begin. Bitcoin…
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MicroStrategy has been making headlines throughout the past couple of months, with the Virginia-based company announcing in August their plans to convert their treasury reserves from USD to Bitcoin. The aim of this unprecedented action is to guard against inflation and devaluation of the US Dollar, which could have sizeable impacts for companies with cash…
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No cryptocurrency has outperformed Chainlink over the last two years of the bear market. But like everything that goes up with such powerful momentum, the way back down is almost nearly as strong. In what feels like a flash, Chainlink has already lost a full 60% from the 2020 high at $20 to the recent…
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Many have drawn similarities between DeFi and the ICO craze of 2017, and it’s easy to see why as well. To begin with, both operate(d) primarily on the Ethereum network. However, it’s the flood of fly by night projects that links the two in the minds of many. With that, in recent times, critics have…
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It feels like Ethereum 2.0 is taking an eternity to rollout. But, following months of testnet runs, it finally looks as though Phase 0 is nearing the finish line to launch. Phase 0 refers to developing the framework for running the proof-of-stake mechanism. It will set in place registry for staking validators, meaning full staking…
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Bitcoin’s price action has done little to offer investors with clarity into its near-term outlook. The benchmark digital asset has been trading around $10,500 for the past few days, with each push higher or lower resulting in a move back to this price level. The lack of directionality seen in the time following its $11,000…
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