Another week, another round of Crypto Tidbits. At one point this week, analysts thought Bitcoin was about to be thrust into a full-blown bull market. The cryptocurrency saw a strong rally at the start of the week that took ti as high as $9,800 on major exchanges. But in normal BTC fashion, the rally was shut […]
PlusToken recently moved $186 million worth of Ethereum, leading investors to fear a dump in ETH price. Earlier this week PlusToken, one of the largest scams in the cryptocurrency world, tried to move 789,500 Ether (ETH), but the movement of these stolen funds were temporarily held up by congestion issues within the Ethereum network. The […]
Disclaimer: The following price prediction should materialize in the next 24-48 hours. As the collective market underwent a bearish pullback, Ethereum’s price dropped below its support at $233 for the first time since 18th June. Although the coin attempted to sustain a position above $233, the selling pressure brought down the asset under the range. […]
Key Takeaways A service overload on The Graph rendered a number of DeFi frontend’s non-responsive. The Graph will soon roll out a reliable, decentralized network that will help reduce downtime. Even if DeFi interfaces are down, the protocol’s themselves are always active, as they are smart contracts on Ethereum. Share this article In two weeks, […]
In brief: Ethereum is once again battling to maintain the $228 support zone. All signs point to BTC heading to lower levels. However, ETH’s bullish momentum is very much intact primarily due to ETH2.0. Ethereum could be printing a bull flag on the daily chart that could ultimately push its value to $290 levels. It […]
Ethereum has seen a decentralized finance craze over recent weeks. Due to innovation, high returns on investments, and other attractive characteristics, DeFi has gone parabolic. Data from DeFiPulse shows that the value of cryptocurrency locked in blockchain finance applications has reached $1.6 billion. This is Simultaneously, DeFi-related tokens like Compound’s COMP and Balancer’s BAL have […]
The Ethereum market which failed to see a price movement until the beginning of this week, saw the asset surge by almost 10% over two days. This pushed the value of ETH from $227.20 to $249.04, however, an immediate correction set in the market and the surge was nearly wiped away. Even though the asset was […]
In a development that once again diminished some of the optimism around the cryptocurrency market’s future, Bitcoin, the word’s premier cryptocurrency, fell again on the charts. In fact, Bitcoin fell by over 5% in 20 hours, with the severity of the descent having a grave effect on the values of the market’s altcoins too, including […]
In brief: Bitcoin’s correlation with the S&P 500 is still very much intact as witnessed in yesterday’s dip. Ethereum is also highly correlated to BTC. Therefore, logic dictates that Ethereum is also highly correlated to the S&P 500. If ETH is a measure of the alt-market, then the entire alt-coin market is also correlated to […]
The Ethereum-based DeFi sector has been consuming the bandwidth of the crypto sphere in recent times, being at the forefront of most conversations due to its exploding popularity. One new trend dubbed “yield farming” has also garnered significant attention from investors, as it has allowed users to see massive yields on their capital – sometimes […]
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