While Bitcoin rallies past its critical short-term key resistance, Ethereum kept seeing lazy price action. However, the crypto is on the verge of flipping its $390 resistance. Moreover, it could give it the freedom to rally significantly higher in the short-term. One trader is saying that if ETH can break above its short-term resistance level, […]
After yesterday’s sharp rebound, Yearn.finance’s YFI token was not able to gain any momentum. As a result, it has dropped below $10,000 briefly. Open interest for the token has now entered an all-time high, causing immense selling pressure. That is why the cryptocurrency is now on the verge of once again shattering below this level. […]
Despite Bitcoin’s strength, altcoin had a brutal time for the past few days and weeks. Aside from Bitcoin, various top digital assets have gone down a handful of a percent or even dozens of percent against the U.S. dollar. This happened despite Bitcoin hitting new year-to-date highs. Many investors in the space have been shocked […]
Over the past couple of days, Chainlink has been having a hard time gaining momentum. This is because of the current round of capitulation within the altcoin market or the selling pressure. It is now creating big shockwaves that have affected LINK. The crypto is now having a rough time trying to hold beyond its […]
Ever since the highs which were witnessed yesterday, Bitcoin went through a firm drop. Its price fell down to lows of around $12,900 from highs of $13,850. Nonetheless, a rally is anticipated. It seems that the drop in the U.S. stock market fueled this downtrend. The S&P 500 and the Dow Jones have dropped the […]
As the price of Bitcoin goes up, the funding rate of the Bitcoin (BTC) futures market is becoming negative. The trend is suggesting that as the dominant cryptocurrency rises, short contracts are getting squeezed. The word short squeeze means that Bitcoin is rising despite traders increasingly betting against Bitcoin. Short holders are adjusting their positions […]
As the cryptocurrency bounced back generously, there was an overnight attempt to crash Bitcoin. Moreover, the US stock market encountered intense resistance. After the New York opening bell on Monday, the BTC/USD exchange rate lost $461 or 3.51%. There was higher buying sentiment despite the pair falling to as low as $12,785. Because of this, […]
Earlier this week, after hitting the pivotal highs of $420, Ethereum has then stalled. Currently, the coin is trading for $408. Even though Bitcoin showed another breakout in advance of the weekly close, ETH failed to break higher. Nonetheless, some analysts are still thinking that an uptrend is intact. After all the mixed price action, […]
Raoul Pal, a Bitcoin advocate, and Real Vision CEO stated earlier this week that gold is currently breaking down against Bitcoin. The dominant cryptocurrency can strengthen its role as a store of value if it keeps gaining momentum against Bitcoin. Bitcoin’s price during the previous month has gained 30.36 percent against the U.S. dollar. It […]
The recent downtrend across the aggregated crypto market has affected the DeFi sector. However, it was not able to compete with the Bitcoin and ETH’s momentum. It was a result of the recent rallies. Moreover, there are two key metrics which are suggesting how bullish DeFi is. DeFi tokens are considered to be “high beta”. […]