Tag Archives: ethusd

Over $20 billion of total market cap have disappeared in the past 24 hours as most cryptocurrencies are retracing heavily.Bitcoin lost $700 following a rejection at $12,000, Ethereum drops by 8%, as of now, following a 15% daily plunge at the peak (as of writing these lines).Polkadot becomes the top 5 cryptocurrency, enjoying Chainlink’s 10% loss.Bitcoin Dives By 5%Less than 36 hours ago, Bitcoin attempted another overtaking maneuver to surpass the coveted $12,000 mark. However, the bears...

Ethereum dropped from a daily high of $488 to a low of $420, marking a 15% decline.ETH has since recovered a bit and it currently trades at around $445.Against Bitcoin, the cryptocurrency found solid support at a steeply rising trend line and quickly rebounded during today’s price drop.ETH/USD – Ethereum Rolls Over From $475 ResistanceKey Support Levels: $438, $427, $400.Key Resistance Levels: $475, $490, $500.Ethereum bounced from the support at $382 (downside 1.272 Fib Extension) toward the...

The market for decentralized finance (DeFi) solutions has skyrocketed in the past four months as investors are happy to stake their cryptocurrency in various lending protocols to earn astronomically high returns.Back in March this year, the total value locked in protocols of the kind was just about $550 million. Now, the TVL has surged to just shy of $9.5 billion, marking an increase upwards of 1600%.The trend, commonly referred to as yield farming is only growing stronger as more and more...

The ongoing DeFi craze shows no signs of slowing down as the total value locked (TVL) in different protocols continues to increase by the day.As CryptoPotato reported earlier today, SushiSwap, the protocol that is attempting to fork the world’s leading decentralized exchange Uniswap by introducing a liquidity reward token called SUSHI, topped $1.2 billion in TVL.Many are taking advantage of the high APY and are staking their tokens to earn SUSHI, as the token’s price continues to appreciate....

The crypto industry is scrambling to find a solution for the unfeasibly high gas fees that make smaller transactions on the Ethereum network financially unviable. The 2020 DeFi boom and explosion in yield farming platforms have strained the Ethereum network so much that whales and minnows alike are now fighting for block space to get their transactions through.Binance Chain to The Rescue?In a tweet on Tuesday, September 1, Binance CEO Changpeng Zhao hinted at a solution without giving...

Bitcoin continues to improve its position slowly and is currently hovering above $11,900. However, double- and even triple-digit price pumps from lower-cap alts continue to decrease BTC’s dominance to a yearly low of beneath 57%.2-Year High For ETH, Sushi Enters Top 100Ethereum doubles-down on its recent price pump with another 10% increase. ETH now trades at $465, which is a 23% surge since bottoming at $380 last week. This is the highest level Ether has marked since the summer of 2018 and...

Ethereum surged by a substantial 10% surge over the weekend as it hit a high of $440 today.The cryptocurrency broke above the previously highlighted pitchfork on the 4-hour chart.Additionally, Ethereum penetrated above a falling price channel against Bitcoin over the weekend.ETH/USD – Bulls Re-Test 2020 HighsKey Support Levels: $420, $408, $400.Key Resistance Levels: $438, $450, $463.Last week, Etheruem fell into the $380 support (downside 1.272 Fib Extension) and rebounded. At the time, it...

Bitcoin seems stable after recovering from its drop to $11,100 and trades above $11,500. However, massive gains are evident among lower-cap alts and DeFi tokens, including YFI that doubled BTC’s all-time high. As such, Bitcoin’s dominance over the market has decreased by over 1%.YFI To $40k, Low-Caps SurgingIt’s no secret that the DeFi sector has been cryptocurrency’s hottest topic recently.YFI’s fork, which recently rebranded its name from YFII Finance to DFI.Money is the clear leader in...

Every day brings something new to the cryptocurrency market as the DeFi craze continues to boom and surprise.Announced on August 26th, the SushiSwap project is attempting to take the concept behind the leading decentralized exchange protocol, Uniswap, and offer an alternative with further incentives to liquidity providers.Enters SushiSwap: What is it?In an announcement from August 26th, a team of developers revealed the SushiSwap project – an initiative attempted to be “an evolution of...

Following a few days of adverse price movements, most of the cryptocurrency market is recovering and is in the green today. Bitcoin is up to $11,500, Ethereum is trading above $400 for the first time since Tuesday. Even more impressive gains are evident from the lower-cap alts.Bitcoin Back Above $11,500The primary cryptocurrency saw its fair share of price dumps in the past few days. BTC even experienced quite volatile developments following an announcement from the US Federal Reserve...