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Tag Archives: YFIUSD

Bitcoin Strong At $40K: Will It Be Another Wild Weekend? (Market Watch)

Following another all-time high and a wildly volatile day, bitcoin has retraced slightly and calmed around the $40,000 price mark. Most large-cap alternative coins have also lost some steam, but some lower- and mid-cap ones have skyrocketed in the past 24 hours.Bitcoin Stalls Beneath $40KThe past several days have been quite bullish for the cryptocurrency. After it dipped briefly beneath $28,000 on Monday, bitcoin went on a roll. It reclaimed the $30,000 tag almost immediately and continued...

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Market Watch: The Altcoins Christmas Bloodbath – $40 Billion Evaporated

Bitcoin’s recent rollercoaster continued in the past 24 hours with another $1,000 move before settling around $23,000. However, BTC’s dominance has spiked as the entire altcoin market has bled out, led by Ripple’s continuous drops.Bitcoin’s 24H Wild RideThe past several days have been particularly volatile for the primary cryptocurrency. Just a few days ago, BTC skyrocketed to a new all-time high of $24,300 before getting rejected and dumping by more than $2,000.Bitcoin recovered most losses...

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Market Watch: Bitcoin’s Recovery Fragile as $40 Billion Wiped Off Market in 24 Hours

Bitcoin’s rollercoaster continued in the past 24 hours with a massive $2,000 dump and the subsequent recovery attempt. Most altcoins are covered in red, and the market capitalization has lost $40 billion in a day.Bitcoin’s Wild Ride ContinuesAfter a relatively bullish weekend in which BTC gained some value, the primary cryptocurrency seemed primed for further increases. Initially, bitcoin indeed headed north, resulting in a fresh all-time high of $24,300 (on Bitstamp).However, the bears...

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The Calm After The Storm: Bitcoin At $17K As DeFi Rebounds

Bitcoin has recovered a bit since yesterday’s massive price drop to $16,250. Most alternative coins have also bounced off their most significant dips, and the total market capitalization has recovered over $30 billion in a day.Bitcoin’s Black Friday SaleFollowing weeks of gradual increases that led to BTC coming less than 3% away from its 2017 all-time high, the primary cryptocurrency plummeted yesterday.Bitcoin went from a high of $19,500 down to $16,250 in a matter of hours. In other words,...

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YFI’s Andre Cronje Unveils Multi-Purpose DeFi Protocol Deriswap

Andre Cronje, the brain behind the popular DeFi protocol Yearn Finance and the most expensive cryptocurrency YFI, has unveiled yet another DeFi protocol called Deriswap.Obsessed With Capital EfficiencyThe project focuses on capital efficiency, an aspect of DeFi that Cronje said he is obsessed with. The YFI creator is set to change the current segmented liquidity, which only allows users to choose one of Swaps (Uniswap, Sushiswap, Bancor, etc.), Options (Deribit, Hegic, Opyn, etc.), and Loans...

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Altcoin Season Brewing as Bitcoin Price Stalls and Dominance Takes a Beating (Market Watch)

Bitcoin’s volatility continued over the weekend with a few $1,000 moves taking it from a high of $18,800 to $17,700 and back. The altcoins, however, have kept their recent momentum going and have reduced BTC’s dominance over the market to about 63%.Bitcoin’s Volatile WeekendThe primary cryptocurrency displayed increased signs of volatility during the weekend. It started with charting a fresh yearly high on Saturday at nearly $19,000.After coming just inches away from breaking the 2017...

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Market Watch: XRP and ETH Steal The Show As Bitcoin Retracing $700

After almost touching $19,000 for the second time, Bitcoin has calmed and retraced below $18,500 (as of writing these lines). At the same time, most alternative coins have doubled-down on their recent gains. Ripple’s 60% weekly spike has helped the asset overcome Tether as the third-largest cryptocurrency by market cap.Bitcoin Slows Down After Doule-Top At $19KBTC’s latest impressive price developments led to a notable leg up yesterday and yet another fresh yearly high. This time, the asset...

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Top DeFi Tokens Explode as TVL Nears $14 Billion

It’s an all-around green day in crypto land. Bitcoin price has surged beyond $18,000, closing the gap with its previous all-time high of $20,000. ETH just rocketed past $500 for the first time in two years.But apart from the usual cryptocurrencies, decentralized finance (DeFi) tokens are sitting on gains as a majority of them exploded in valuations over the past couple of days.Top 100 DeFi Coins Register Explosive Weekly GainsA bull market pulls every asset out of the bearish rut. The same is...

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Bitcoin Retests $16K Again: Double Top or New High Soon? (Market Watch)

After breaking the previous yearly high and briefly spiking to $16,000, BTC has retraced slightly and trades beneath that level. Simultaneously, Ethereum surged to a new high since early September, while Chainlink’s impressive weekly performance has taken the asset to the 5th spot in terms of market cap. Bitcoin Sees New YTD High But Retraces BTC has performed quite decisively lately. The asset jumped to a new year-to-date high on Friday of just shy $16,000. Although it...

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Crypto Market Watch: DeFi Tokens Explode As Bitcoin Price Stagnant

During the past 24 hours, Bitcoin tanked to $15,100, but it has recovered since then and trades around $15,400. Most high and mid-cap altcoins have outlined substantial gains and have reduced BTC’s dominance to below 64%. Bitcoin Price Slides But Recovers After peaking at nearly $16,000 last week, Bitcoin has struggled with maintaining such a high price tag. It dropped below $14,300 a few days after, but managed to initiate a false breakout towards $15,800 when news broke...

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