3 reasons why DeFiChain (DFI) price has gained 60% in December
In the last two weeks, DFI price bounced off its swing low and a number of data points suggest the project’s fundamentals will continue to improve. Decentralized finance (DeFi) offers one of the most widely applicable use-cases for distributed ledger technology and today it is one of the main avenues for the wider adoption of blockchain technology. Last week, as the wider crypto market corrected and Bitcoin (BTC) dropped by 22%, DeFiChain (DFI) bucked the trend and rallied 76% to establish a new high at $5.70 on Dec. 6 as its 24-hour trading volume surged from an average of $3.6 million to....
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Nasdaq, alongside Finnhub and Tiingo, will be providing its price feeds to DeFiChain, a DeFi platform built on the Bitcoin network. Tokenized stocks have had a shaky few months from a regulatory perspective, but that seemingly hasn't stopped legacy financial giants and decentralized finance (DeFi) advocates from inking new deals. Bloomberg reported today that Nasdaq, Finnhub and Tiingo, will be providing their price feeds to DeFiChain, a DeFi platform built on the Bitcoin (BTC) network.DeFiChain offers trading in tokenized stocks that correspond to the underlying price of major listed....
The last week of 2016 has seen bitcoin push the pedal in its continuing rally as the cryptocurrency rises toward the $1,000 milestone. Bitcoin price has gained over 34% in the past month alone, streaking from $727.18 on the Bitstamp Price Index (BPI) on November 29, to today’s and the newest annual high of $980.74, at the time of publishing. Having steadily risen through most of December’s trading period, the price of bitcoin to the dollar shifted gears to surge from $791.41 on December 20 to $870.78 on December 22. While the handful of days remaining in 2016 wind down, bitcoin price broke....
The Bitcoin price has risen above $35,000 for the first time since early May 2022, for which there are a number of reasons beyond mere speculation. These are the five most important reasons. #1 BlackRock’s Spot Bitcoin ETF Approval Looms Large The primary driver behind the surge seems to be the growing anticipation surrounding the […]
Bitcoin fell drastically this week, paring some of its December gains and maintaining its stretch of volatility on profit-taking sentiment among daytraders.
Growing investor interest, central bank money printing and PayPal's entree helped push bitcoin prices above their previous December 2017 record.