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“# Surge in activity and token prices show ‘DeFi Summer 2.0’ already started ” After a blistering start to 2021 saw token valuations and trading volumes surge to ignite the current bull market, the DeFi sector as a whole took a break while the NFT sector stepped into the limelight. While investors’ attention was elsewhere,…
“# Illuvium hits new highs as interest in NFT-based blockchain gaming skyrockets ” The world of nonfungible tokens and blockchain gaming has seen immense growth and progress towards mainstream adoption in 2021. Recently, the movement picked up steam as an array of celebrities and internet influencers jumped on the hype train by purchasing premium digital collectibles. …
“# Bitcoin price turns to test lower support levels as $50K stays out of reach ” Bitcoin (BTC) continued to range below $50,000 on the last day of August as analysts demanded higher levels in order to continue the bull run. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $51,000 remains the deal-breaker for BTC Data…
“# 3 reasons why a Bitcoin ETF approval will be a game changer for BTC price ” Some financial experts believe that the price of cryptocurrencies is solely driven by investors’ speculation, and in the past few years detractors have suggested that fixed income instruments like treasury bills have no relation to do with digital…
“# Altcoins rally to new highs after the ETH/BTC pair flips bullish ” Signs that an altseason is underway are beginning to increase across the cryptocurrency market after numerous altcoins posted double-digit gains on Aug. 31. Meanwhile, the price of Bitcoin (BTC) continued to face headwinds and the digital asset trades at $47,100. The top…
“# Ethereum price poised for 40% rally vs. Bitcoin after breaking out of four-month range ” Ethereum’s native token, Ether (ETH), has the prospect of logging a 40% price rally against its top rival, Bitcoin (BTC), per a classic technical pattern. Dubbed a “symmetrical triangle,” the structure develops after the price forms a series of…
“# ‘Remarkable’ on-chain metrics could spell Bitcoin, Ethereum bull market return — New report ” Bitcoin (BTC) and Ether (ETH) have started showing “remarkable” bullish divergences that echo the start of bullish price trends. That’s according to the latest data collected by on-chain analytics firm Glassnode this week. BTC, ETH data mimics “mid to late…
“# Bitcoin price sinks to $46.7K despite record accumulation and supply shock events ” Bitcoin (BTC) saw fresh local lows on Tuesday as limp price action diverged further from bullish sentiment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin evades bullish continuation Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing at $46,700 on…
“# Here’s how Bitcoin options traders might prepare for a BTC ETF approval ” Very few events can shake the cryptocurrency markets in a sustainable manner that really sends Bitcoin and altcoin prices into a sharp directional move. One example is when Xi Jinping, China’s President, called for the development of blockchain technology throughout the…
“# Fantom price gains 100% after launching a 370M FTM incentive program ” The Ethereum (ETH) network continues to enjoy the status of being the top smart contract platform in the blockchain industry, but the competition is slowly gaining market share because high costs and network congestion are still challenges for the protocol. One project…