Markets

Decentralized Finance (DeFi) is one of the major sectors of the cryptocurrency space. Today, the DeFi market is worth more than $75 billion, with more room for growth because of the freedom and earning opportunities it offers to users. The main idea of DeFi is to use blockchain technology to eliminate traditional and centralized finance systems by allowing users to access financial products from anywhere in the world without restrictions. DeFi protocols offer a number of...

After falling to its January 2021 all-time high of around $42,000, bitcoin has maintained that level following a relatively still trading day. The altcoins are also untypically calm today, with Monero being among the few exceptions and XMR tapping a three-month high. Bitcoin Remains Above $42K It’s safe to say that the primary cryptocurrency has seen better days as it attempted to jump above $47,000 earlier this week. However, it failed on both occasions when the bears...

Bitcoin’s recent nosedives continued in the past 24 hours, and the asset slipped to a 17-day low of around $42,000. Most altcoins are also deep in the red, with the most losses coming from Terra, Solana, Avalanche, Cardano, and Dogecoin from the larger-cap ones. Bitcoin Tested $42K It was just several days ago when bitcoin was fighting to reclaim $47,000 and spiked above that level twice within a 48-hour period. However, the bears came out from hiding and didn’t allow any...

The past week was filled with serious volatility, but unfortunately, a lot of it was to the downside. Bitcoin is currently trading at around $43,800, down 3.6% during the week. It’s interesting to note that this happens as the biggest BTC-focused event is currently taking place in Miami – Bitcoin 2022. The first week of April wasn’t very productive across the board. For BTC, the price was sitting at around $46,000 this time last week, and it was looking primed to test $47K....

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Bitcoin cash price started a fresh decline from the $385 resistance against the US Dollar. The price is now trading below the $350 zone and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $370 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of a downside break below the $325 support zone in the near term. Bitcoin cash price is struggling below $350 against the US...

Cabital, a leading digital assets institution, announced that it has added the Swiss franc (CHF) to its growing list of payment methods. Through its partnership with BCB Group (BCB), the leading global provider of business accounts and trading services for the digital asset economy, Cabital can now enable its users to exchange CHF for crypto assets and vice versa at some of the most competitive rates in the market. With a simple bank transfer, Cabital customers can easily convert CHF,...

MicroStrategy is continuing to purchase more bitcoin, though its methods are beginning to garner a few raised eyebrows amongst traders and analysts alike. Not long ago, the software giant announced that it was taking out a loan for more than $200 million so it could purchase more of the world’s number one digital currency by market cap. MicroStrategy Continues Its Pursuit of Bitcoin MicroStrategy currently boasts more than $5 billion worth of the asset. At first glance,...

EOS price started a major decline from the $3.00 resistance zone against the US Dollar. The price is now trading below $2.60 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $2.80 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could resume decline if it stays below the $2.60 resistance zone. EOS price is showing bearish signs below $2.60 against the US Dollar, similar to...

Litecoin started a major decline from the $130 resistance against the US Dollar. LTC price is now trading below $120 and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $124 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could extend losses if there is a move below the $110 level. Litecoin price is gaining bearish pace below $120 against the US Dollar, similar to bitcoin. LTC price...