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“# Altcoins soar after 10% Bitcoin price breakout flips $33K back to support ” Bitcoin (BTC) price appears to have flipped the $32,000 level back to support as the wider cryptocurrency market saw renewed optimism on Jan. 28. Data from Cointelegraph Markets and TradingView shows that BTC has steadily climbed higher in price from $31,000…
“# DeFi sector growth pushes Reserve Rights, 0x and Kyber Network higher ” Bitcoin (BTC) has bounced back above the $32,000 level today, but Guggenheim chief investment officer Scott Minerd believes that the current institutional demand is not sufficient to keep the price above $30,000 for long. Despite this view, Minerd continues to believe that…
“# 1INCH price rallies 30% as its monthly DEX volume nears $6 billion ” This week the total value locked in decentralized finance platforms reached a new high at $26.2 billion, and this record high was achieved even as Bitcoin (BTC) price appeared to be slipping into a downtrend. This asymmetrical performance from DeFi tokens…
“# ALPHA surges 152% in one week: What’s behind its meteoric rally? ” ALPHA, the governance token of Alpha Finance Lab, has surged 152% in the past week. It is now the 85th most valuable cryptocurrency in the global market, breaking into the top 100 in a short period. Behind its meteoric rally are three…
“# Why a trader says Bitcoin is short-term bearish despite holding $30K ” A pseudonymous trader known as “Byzantine General” is short-term bearish as Bitcoin (BTC) continues to test the same $30,000 support area. Although the price of Bitcoin is staying above a key support level, the trader said the price action is not bullish….
“# Bitcoin price dips below $30K but here’s why pro traders are still bullish ” In the last 24-hours Bitcoin (BTC) price dropped 10% today to test the $30,000 support. This drop below what traders have described as a ‘key’ support occurred just two days ahead of this month’s futures and options expiry. Despite the…
“#GameStop up another 134% as officials raise possibility of foul play” The “Reddit rally” continued full steam ahead on Wednesday as officials began to question whether they are dealing with a populist market insurrection or something more sinister. Shares GameStop and AMC Entertainment posted one-day gains of 134 percent and 301 percent respectively — just…
“# 3 reasons why Uniswap (UNI) token hit a new all-time high above $15 ” Uniswap’s decentralized exchange has emerged as one of the critical pieces in the decentralized finance sector, with the DEX benefiting from the first-mover advantage after it became the go-to exchange for new projects and traders in 2020. In late 2020,…
“# IoT growth, partnerships, ease of mining drive Helium (HNT) price higher ” Helium (HNT) is a decentralized blockchain-powered network designed to allow low-powered wireless devices to communicate with each other and send data across its network of nodes. Since July, 2020, Helium’s native token (HNT) has increased 550% in value from $0.35 to a…
“# Price analysis 1/27: BTC, ETH, DOT, XRP, ADA, LINK, LTC, BCH, BNB, XLM ” Public companies have purchased about 85,000 Bitcoin (BTC) in the past year and institutional investors have pumped money into Grayscale Investments, which shows increasing institutional adoption is one of the main reasons for the recent Bitcoin rally. However, at the…