The DeFi sector is exploding higher today alongside the rest of the crypto market. Bitcoin is trying to break above its $16,000 resistance while the rest of the market also sees immense strength. The price action seen throughout the past few days and weeks indicates that the recent lows seen by the blue-chip assets within…
Details
XRP continues to be one of the most disappointing and dormant altcoins in the cryptocurrency market, three years running. The recent Bitcoin rally has caused the altcoin to fall to new lows on the XRPBTC pair, which analysts claimed could cause its army of supporters to “admit defeat.” Instead, Ripple themselves have decided to buy…
Details
Bitcoin price continues to be propelled higher from aggressive dip buyers looking to ride the new bull market beyond $20K. But first, the cryptocurrency has to get through just under $16K where it was stopped in its tracks just days ago. Today, the cryptocurrency is back at the key level and making its third attempt…
Details
After a strong drop earlier this week as the U.S. Dollar bounced, Bitcoin has returned to an uptrend. The leading cryptocurrency currently trades for $15,930, $40 below the year-to-date highs, and $70 below the critical $16,000 resistance level. Altcoins are rallying too. Ethereum has gained 5% in the past 24 hours as it has reached…
Details
Altcoins have been rocketing higher throughout the past few days and weeks, reaping the rewards of a stable Bitcoin and high Ethereum prices. Tokens within the decentralized finance sector – commonly referred to as DeFi – have been some of the biggest beneficiaries of the recent market-wide strength. Yearn.finance is currently trading up well over…
Details
Bitcoin is on track of further price appreciation as it decouples from a classic positive correlation with tech stocks, according to Mike McGlone of Bloomberg Intelligence. On Wednesday, the senior commodity strategist highlighted the ongoing trend deviation between the flagship cryptocurrency and the Nasdaq 100 Stock Index — a benchmark that tracks the market performance…
Details
Yearn Finance’s governance token YFI was trading lower on Wednesday as its short-term charts warned about a growing bearish divergence. Yearn Finance’s bearish divergence, as spotted by Calm Trader. Source: YFIUSD on TradingView.com Yearn Finance’s bearish divergence, as spotted by Calm Trader. Source: YFIUSD on TradingView.com The said oscillator, first spotted by a pseudonymous analyst,…
Details
No one said Ethereum’s transition to a Proof-of-Stake (PoS) consensus mechanism would be easy. But few could have predicted what we are witnessing today. The Phase 0 launch is already close to a year behind its initial rollout date of January 2020. Delay after delay, not to mention several failed testnets, illustrates the scale and…
Details
Bitcoin has entered a period of consolidation after peaking at $15,975 late last week. The cryptocurrency has bounced between those highs and lows around $14,500 due to volatility in the price of the U.S. dollar and other macro markets. Investors around the world are trying to grapple with a Biden presidency and the news that…
Details
Ripple failed on more than two occasions near $0.2600 and $0.2640 against the US Dollar. XRP price could nosedive if there is a break below the $0.2500 support. Ripple traded as high as $0.2644 and recently corrected lower against the US dollar. The price is trading well above the $0.2500 support and the 100 simple…
Details
