Tag Archives: ETHBTC

Decentralized finance markets have reached their highest ever levels in terms of the total amount of crypto collateral locked in smart contracts across the nascent ecosystem.DeFi: The Quickest Growing Sector in CryptoThe recent liquidity farming craze has catalyzed DeFi markets so much that they have now become the quickest growing sector in the crypto industry. Total value locked (TVL), which is a measure of how much crypto collateral is locked up in smart contracts, has just hit an all-time...

The trading volume of decentralized exchanges (DEX) has gone past the $5 billion milestone in the first six months of 2020, which is a significant increase from the 2019 performance.June 2020 Sets DEX Trading Volume ATHIn a tweet on Wednesday, Dune Analytics informed that the DEX trading volume for the first half of 2020 totaled about $5.1B. This figure represents a five-fold increase from the same period in 2019, providing further evidence of the significant growth of DEX platforms.We are...

A year after the famous Hollywood actor William Shatner tweeted that Elon Musk and Vitalik Buterin were deciding what to build on Ethereum, the Tesla CEO refuted the rumor but said that he had nothing against the network.Musk: Not Building On EthereumThe Canadian actor, arguably most well-known for his role as Captain Kirk on Star Trek, has been quite favorable towards blockchain and cryptocurrencies in the past.William Shatner (and his role as Captain Kirk). Source: Daily MailAside from...

After failing to reclaim the $9,300 mark yesterday, Bitcoin’s price went on a negative spiral down to $8,950 on some exchanges.As it typically happens, most alternative coins followed the adverse move and have charted losses in the past 24 hours.Bitcoin Dips Below $9kAs reported yesterday, the primary cryptocurrency made an indecisive attempt to reconquer the $9,300 level. Although it failed, the asset managed to hover around $9,200.In just a few hourly candles, however, BTC went on a sharp...

Median transaction fees on Ethereum just hit their highest point in almost two years, as the network struggles under heavy congestion.Meanwhile, Ethereum creator Vitalik Buterin confirmed on June 30 that the network would have to make do with current off-chain scaling solutions for the next two years. That’s until the planned scaling capabilities of Ethereum 2.0 are finally brought to fruition.Ethereum Median Transaction Fees SpikeIn the 48 hours leading up to June 30, the median transaction...

Ethereum moved sideways over the past 24 hours as the bulls battle for the $225 level.The cryptocurrency has been falling all week as it drops by 5% after failing to break $250 last week.Against Bitcoin, Ethereum is attempting to reclaim the 0.025 BTC level.Key Support & Resistance LevelsETH/USD:Support: $225, $215, $210.Resistance: $245, $250, $265.ETH/BTC:Support: 0.0243 BTC, 0.0239 BTC, 0.0236 BTC.Resistance: 0.025 BTC, 0.0253 BTC, 0.026 BTC.ETH/USD: Ethereum Bulls Battling To Defend...

Ethereum saw a sharp 5.6% price fall this past week as it drops to $223.This has caused ETH to penetrate beneath a rising trend line that has been in play since mid-March 2020.Against Bitcoin, Ethereum failed to overcome 0.0253 BTC again and dropped to 0.0245 BTC.Key Support & Resistance LevelsETH/USD:Support: $215, $210, $200.Resistance: $225, $245, $250.ETH/BTC:Support: 0.0243 BTC, 0.0239 BTC, 0.0236 BTC.Resistance: 0.025 BTC, 0.0253 BTC, 0.026 BTC.ETH/USD: Ethereum Falls Beneath Rising...

Compound (COMP) could be nearing a local price top, soon after the Ethereum-based decentralized finance (DeFi) token recorded a 258% growth in ten days.And while “yield farming” has driven much of that growth, the Compound community has passed through a development proposal that would see incentives taken away from would-farmers.Local COMP Top Incoming?Blockchain analysts at Santiment predict Compound could be nearing a local top after the token took the top spot in their social media...

The crypto investors suffer from hard days recently, as the primary cryptocurrency tumbled approximately $1000 over the past five days.After a long battle to maintain the $9K mark, Bitcoin finally lost, and immediately plunged to $8816 on Binance Futures exchange, which is the current daily low, as of writing these lines.Aside from a quick glitch on June 15, the last time the price of Bitcoin was trading below the $9000 mark was exactly a month ago, on May 27, 2020.Wall Street...

BitcoinBitcoin witnessed a 1.5% price decline over the past week as the cryptocurrency drops into the $9,190 level. The coin was trading at this price at the start of the week as it managed to push higher into the $9,815 level. BTC was unable to overcome this resistance, which caused it to fall back into $9,190.The crucial thing about this week’s price drop is the fact that BTC looks like it broke beneath a rising trend line that has been in play since mid-March 2020. If BTC continues beneath...