Bitcoin price made another attempt to gain momentum above $13,200 against the US Dollar, but failed. BTC is likely to react to the downside if it continues to struggle near $13,200 and $13,300. Bitcoin corrected lower below $13,000, but it found support near $12,800. The price is back above the $13,000 zone and the 100…
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Ethereum spent the summer months easily dominating Bitcoin on the back of the DeFi bandwagon. Only recently when Bitcoin broke back above $12,000 with a more than $1,000 intraday candle to $13,000, has the trend changed. Crypto traders waiting for Ethereum to catch up like the last time around, could be left with heavy bags,…
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Yearn.finance (YFI) has been one of the hardest-hit crypto-assets over the past few weeks and months. From its all-time high of $44,000, the coin has declined to $14,000 as of this article’s writing. The coin remains one of the leading DeFi assets, touting a market capitalization of just under $500 million. Some fear the asset…
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Chainlink is the best performing crypto asset of the top ten cryptocurrencies by market cap in 2020, and the years prior since it first came into existence. And although the peak in 2020 could very well be in for now, and a massive rejection just occurred at a pivotal mathematical level, a bullish chart pattern…
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Yearn.finance’s YFI governance token has been caught within a consolidation phase as Bitcoin, and the rest of the crypto market, also see some short-term sideways trading. This lack of momentum has come about due to the DeFi sector’s stagnating growth, with investors largely sitting on the sidelines while they wait for capital to rotate out…
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In a week where equity markets have stagnated, bitcoin bucked the trend as it pushed through the $12,000 resistance level, as well as touching and seeing some resistance at $13,000. Altcoins were buoyed by bitcoin’s rise, with ethereum, XRP, litecoin and chainlink all showing upward trajectories too. Simon Peters, analyst, eToro: Bitcoin blasts through $12,000…
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Bullish headlines are sending Bitcoin to the skies, with large-cap coins surging to new 2020 highs after PayPal announced on Wednesday it will be integrating cryptocurrency. The good news continued as the week progressed. America’s biggest bank JP Morgan released a report on Friday claiming Bitcoin is a better investment prospect than gold, and Kanye…
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Bitcoin price this week surged over $1,000 in a single day on the heels of positive PayPal support news. Just three weeks ago, however, negative sentiment was recently at all-time lows, and shorts were climbing. But in a flash, sentiment has rapidly turned and already reached euphoria. What does this sharp and sudden sentiment shift…
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Bitcoin has seen some incredible strength throughout the past couple of weeks, with the confluence of a strong market structure and an undercurrent of positive developments both helping to drive it higher. This strength has led it to $13,200 – which is proving to be a crucial resistance level for the cryptocurrency. Bulls have been…
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The sentiment around Ethereum has not been as strong as Bitcoin in the past two weeks. But over the longer term, researchers expect ETH to perform particularly well in the next bull cycle. The optimism around Ethereum in the medium to long term comes from the potential fundamental catalysts that await in 2021. Anthony Sassano,…
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