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“# Echoing Cuban, Novogratz says DeFi should ‘play by the rules’, or ‘pay the piper’ later ” Decentralized finance (DeFi) has emerged in 2021 as one of the fastest-growing trends in the crypto sector and as the unique features of DeFi begin to work their way into traditional finance, executives from crypto and conventional business…
“# Waiting game: Why Friday’s $6B in Bitcoin and Ethereum expiries may not move the market ” After an incredible start in 2021, Ether peaked at $4,380 on May 12 but has dropped 55% since then. Unlike the leading cryptocurrency, the Ethereum network faces competition from projects that do not depend on proof-of-work, hence not…
“# Klaytn death cross debut coincides with a 57% KLAY price pump ” Bids for Klaytn’s native cryptocurrency KLAY spiked on Thursday after the South Korea-based public blockchain project confirmed its listing on Binance, one of the world’s top cryptocurrency exchanges by volume. #Binance Will List @klaytn_official $KLAYhttps://t.co/41yyLvHS0I — Binance (@binance) June 24, 2021 The…
“# Bitcoin in uptrend but BTC may never beat gold’s $10T market cap — ex-NYSE head ” Bitcoin (BTC) is on a “lower left to upper right trend” and its volatility should not scare investors, the former head of the New York Stock Exchange says. In an interview with CNBC on June 23, Thomas Farley…
“# New report suggests Ethereum holders, DeFi helping ETH from crashing below $1.7K ” The drop in the price of Ether (ETH) is failing to shake out the long-term holders while the decentralized finance (DeFi) sector is also providing opportunities for investors. So suggests a new Glassnode report that noted many long-term Ethereum holders (>155…
“# Bitcoin rejects at $34.5K as analysts reveal key resistance level to beat next ” Bitcoin (BTC) erased some of its gains on June 24 in a test of lower levels, which spooked already wary traders. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All eyes on $37,000 Data from Cointelegraph Markets Pro and TradingView showed…
“# 3 things traders are saying about Bitcoin and the state of the bull market ” Bitcoin’s (BTC) dip below $29,000 on June 22 rocked the markets a handful of analysts to call for a potential drop below $20,000. Many traders on crypto Twitter were focused on the formation of a death cross on the…
“# Data shows derivatives had little to do with Bitcoin’s drop to $29K ” After a brief recovery to $41,000 on June 14, Bitcoin (BTC) investors might have thought that the bear market was finally over. After all, it was the highest level since May 21 and the date that MicroStrategy (MSTR) announced a successful…
“# Price analysis 6/23: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC ” Bitcoin (BTC) dropped below $30,000 on June 22, which may be a final sign of capitulation. Data from Skew suggests that if Bitcoin’s price does not recover sharply in the next few days, the decline in the current quarter could…
“# Crypto market cap recovers $76B, altcoins rally after Bitcoin hits $34K ” Cryptocurrency traders received a reprieve from bearish market conditions on June 23 as Bitcoin’s (BTC) brief recovery to $34,880 triggered a rally in altcoins and hope that a wider market recovery will occur if the path laid out by the Wyckoff distribution model…