Bitcoin’s inability to hold above $40,000 has traders now targeting extreme lows in the $25,000 zone, a move that would be absolutely deadly for most altcoins. The U.S. dollar index (DXY) turned down from its 20-year high on April 29 but that has not changed the bearish price action seen in Bitcoin (BTC) and U.S.…
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An assortment of on-chain and derivatives data signal that ETH price is unlikely to rally above $3,500 any time soon. Analyzing Ether’s (ETH) current price chart paints a bearish picture, which is largely justified by the 11% drop over the past month, but other traditional finance assets faced more extreme price corrections in the same…
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Analysis from CoinShares shows investors favored smaller altcoins last week as capital outflows for Ethereum hit $17 million. Institutional investors have shifted their attention from Ethereum (ETH) to competing Layer 1 blockchains of late, with capital inflows for altcoin investment products increasing last week whilst Ether products posted outflows for the third week in a…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ … Read More: Bored Apes Attacked, Bitcoin Sees Inflows Again, Ethereum Outflows Drop + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Wrapped tokens have opened new opportunities for crypto investors by allowing them to deploy assets from one chain to another in tokenized form. Read on to learn about wrapped tokens, how they work, and which wrapped coins are the most popular…. Read More: What Are Wrapped Tokens? Read more »Pay, Trade, Buy Bitcoin with…
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Bitcoin and altcoins continue to bounce off underlying support areas, raising the chance that a sharp down-side move could occur. Bitcoin (BTC) turned down sharply on April 21, maintaining its tight correlation with the U.S. equity markets, which reversed direction after U.S. Federal Reserve Chair Jerome Powell hinted that a 50 basis point rate hike…
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While the total value locked (TVL) in decentralized finance (defi) hovers just above the $214 billion mark, a defi protocol called Lido has been moving closer toward taking Curve’s top spot in terms of TVL in a defi protocol. Currently, the liquid staking solution Lido has $19.2 billion in staking assets derived from five different…
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Strong hype around move-to-earn tokens could offset the bearish technicals emerging for GMT. STEPN (GMT), a so-called “move-to-earn” token using the Solana (SOL) blockchain, has soared incredibly since its market debut in March. GMT’s price jumped from $0.01 on March 9 to a record high of $3.45 on April 19 — a 34,000% upside move…
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Bitcoin and select altcoins slipped below their immediate support levels, opening the door for further downside. Bitcoin (BTC) and most major altcoins have started the new week on a soft note and the Crypto Fear and Greed Index has dropped into the “extreme fear” zone, suggesting that investors are still nervous. Bitcoin has declined about…
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Bitcoin and altcoins continue to face selling at higher levels, indicating that the bears are not willing to let go of their advantage. Bitcoin (BTC) remains closely correlated with the S&P 500 but the institutional investors do not seem to be waiting for a turnaround in the United States’ equities market or decoupling to happen…
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