This week was easily one of the most eventful ones in the cryptocurrency field in terms of overall developments, especially in the DeFi sector.Starting with Bitcoin, however, not much changed since last week. BTC price started trading at around $11,800 seven days ago, and it’s currently at roughly the same level. However, this doesn’t mean that there was no volatility.On Monday, BTC briefly broke for the second time above $12,100, causing serious enthusiasm in the community. Over the next few...
Read More »Crypto Price Analysis Aug 14: Bitcoin (BTC), ETH, XRP, LINK, WAVES
Bitcoin (BTC)Bitcoin is more or less around the price it was traded a week ago, but this comes after a raging week as the coin plunged to a weekly low around $11,100.Shortly before, Bitcoin made another push towards the current high at $12,100 (1.272 Fib Extension), for the second time in 10 days. Unfortunately, BTC was unable to sustain this high.Just one day after, Bitcoin lost almost $1000, however quickly recovered to the support level around $11,400 (.236 Fib Retracement and prior high)....
Read More »BTC Dominance At 1-Year Lows as Ethereum Skyrockets 9%
Bitcoin’s dominance over the market continues to suffer even though BTC has recovered from its dips and trades at $11,750.This is primarily because of numerous impressive alt pumps, including Ethereum, which finally broke above $400 after its significant price surge.Ethereum Over $400, LINK (Another) ATH, Alts RejoiceThe second-largest cryptocurrency by market cap is among the most impressive gainers from the past 24 hours. Ethereum dipped below $380 yesterday, but bulls took control and...
Read More »Ethereum (ETH) Price Rallies Above $420 as Total Value Locked in DeFi Hits $5 Billion
Ethereum’s native cryptocurrency, Ether has experienced an explosive price action in the last few hours. ETH surged by more than 8 percent to move past the $420 price mark breaking out of a week-long consolidation.Also, the Ethereum based decentralized finance ecosystem just registered a new milestone. The total USD value locked in DeFi hit the $5 billion mark.ETH Regains Position Above the $420 Level After 2 YearsIn a thunderous bout of volatility, ETH jumped by more than 8 percent to...
Read More »Litecoin (LTC) Price Analysis: Bulls Aiming Bullish Break Above $60
Litecoin price found support near the $52.00 level and remained well bid against the US Dollar.LTC price is currently rising above the $55.00 level and testing the 55 simple moving average (4-hours).There is a major declining channel forming with resistance near $57.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to accelerate higher if it clears the $58.00 and $60.00 resistance levels in the near term.Litecoin price is trading in a positive zone above...
Read More »Ethereum Price Close to $400 Today, ETH Has Confidence
On Thursday, the ETH price is up and the coin is trading at $396. The cryptocurrency is looking quite good and even confident.Analysis of Ethereum price today.Average commission for Ethereum increased by 17 times.Hash rate in the Ethereum network reached the highest level over 20 months.As we can see in the weekly chart, after breaking a long-term resistance line, the current rising impulse was stopped not far from fractal highs. This situation may be considered as a short-term correction....
Read More »Average Ethereum Transaction Fees Soar To New ATH as Yield Farming Booms
The Ethereum transaction fees reached a new all-time high following the latest DeFi craze YAM. A simple approval operation on some decentralized exchanges like Uniswap costs upwards of $13 on occasions.ETH Gas Fees Through The RoofThe Ethereum blockchain is the underlying technology behind the majority of the DeFi-based projects. Investors wanting to allocate funds into such assets can do so by swapping ETH on platforms like Uniswap.The multitude of emerging projects, as well as the increased...
Read More »MyEtherWallet to Boost Interoperability with Aave and Ren’s Integration
MyEtherWallet is helping to bring more value and interoperability in the decentralized finance ecosystem through strategic integration with Aave and Ren.MyEtherWallet (MEW) has taken the interoperability feature of blockchain technology to a new height by announcing integration with Aave and Ren. The integration will take place via MEWConnect, the connection protocol that allows Dapp developers to avail their Dapps to the thousands of users around the world.MEW’s Founder and CEO, Kosala...
Read More »#947 Kunst trifft Blockchain, Craig Wright Doku, DeFi Ethereum Fees ATH
Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 947. Im heutigen Video geht’s um folgende Themen: 21 tokenisierte „Krypto-Köpfe“ stehen zur Versteigerung, Craig Wright Buch und Film, DeFi treibt Ethereum Gebühren auf All-Time-Highs. 1.) 21 tokenisierte „Krypto-Köpfe“ stehen zur Versteigerunghttps://www.btc-echo.de/schlagzeilen/21-tokenisierte-krypto-koepfe-stehen-zur-versteigerung/ 2.) Coming Soon: Craig Wright The Movie (and...
Read More »Crypto Price Analysis August 12: BTC, ETH, LTC, EOS, XRP
Cryptocurrencies are still correcting before another attempt to start a new bullish impulse. In charts of many cryptoassets, they are forming a Triangle pattern, a breakout of which to the upside may lead to the continuation of the current trend.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.Cryptocurrencies are still correcting before another attempt to...
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