Yearn.finance (YFI) remains in an advantageous position despite its strong correction from local highs, analysts say. Like Bitcoin, Ethereum, and other top digital assets, YFI has faced a strong retracement over recent days as legacy markets have been crushed by a rising dollar. The decentralized finance coin has been hit especially hard, actually. Check out…
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Ethereum could bounce towards $500 after dropping from its $480 highs. The leading cryptocurrency now trades for $380, having been pressured lower by Bitcoin dropping, which itself was catalyzed by weakness in legacy markets. Related Reading: These 3 Trends Suggest BTC Is Poised to Bounce After $1,000 Drop Ethereum Could Soon Jump to $500 One trader…
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Bitcoin has sustained a strong drop over the past few days as legacy markets have undergone a strong correction after a record rally. The leading cryptocurrency traded around $9,800 on Friday morning as bears sent the cryptocurrency lower. This is a stark correction from the $12,000 local highs seen just days ago and the $12,500…
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After a prolonged period of stability and sideways trading within the $11,000 region, Bitcoin finally witnessed an influx of selling pressure that put an end to this consolidation. This caused the cryptocurrency to plummet down to lows of $9,900 earlier today, at which point buyers stepped up and slowed its descent. From here on out,…
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After reaching a point of extreme greed, the crypto market in a flash turned to fear. But investors shouldn’t panic––according to stock market analysts, the recent crash was normal profit-taking and portfolio rebalancing. Could that also be the case with crypto, and the market will soon recover after what is a normal and healthy correction?…
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Bitcoin just had its largest 48-hour pullback since May 2020, back when the asset’s halving took place. The drop in price has the cryptocurrency now trading below a key fundamental level. A deeper dive into other Bitcoin fundamentals may be hinting that a more severe correction that may have only just started. Here’s what the…
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Ethereum has both benefitted and its rep been harmed from the recent explosion in farming for DeFi tokens. As investors poured liquidity into these tokens, sending and locking up so much ETH sent prices of the crypto asset soaring. But it also at the same time sent gas prices spiking even higher. As investors became…
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Bitcoin price yesterday tanked by 10% and this week alone fell 17% from high to low. The 24-hour collapse not only cut down valuations across crypto but it also immediately turned sentiment from extreme greed, to fear. With three days left until the weekly close, and the market suddenly frightened, are things about to turn…
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XRP has been hit hard by the recent market-wide selloff, with the cryptocurrency’s price erasing the vast majority of the gains that it has been able to gain over the past several months. These gains were hard-fought by the cryptocurrency’s investors and came about in the form of a slow grind higher. The resistance found…
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Bitcoin has been facing immense turbulence throughout the past several days, with sellers forcing its price down to lows of $9,900 this morning following yesterday’s ardent defense of the upper-$9,900 region. It now appears that the cryptocurrency is at risk of seeing further downside in the near-term, as the multiple attempts to shatter its $10,000…
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