Bitcoin Could Jump 20% For Every 1% Liquidity Boost: Expert
Bitcoin’s blistering second-quarter advance is tracking the strongest expansion in global liquidity on record, according to Real Vision chief crypto analyst Jamie Coutts, who argues that every additional percentage point of liquidity injected into the financial system “should” translate into a 20% gain for the cryptocurrency. 1% Liquidity = 20% Bitcoin? Writing on X, Coutts observed that his proprietary Global Liquidity Index broke to a fresh all-time high on 10 April after three years of drift and that, in the nine weeks since, Bitcoin has rallied about 40 percent. “Bitcoin has....
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Leading yield farming platform DeFi Yield Protocol (DYP) has collaborated with KyberDMM to boost DYP token liquidity on Avalanche blockchain. As part of the partnership, $300,000 worth of DYP and KNC tokens have been made available as liquidity mining rewards. A major milestone for DYP The collaboration between DYP and KyberDMM represents a major milestone for the DYP as it continues to make inroads within the DeFi ecosystem. The two protocols have agreed to run joint liquidity mining campaigns to increase the number and liquidity of key token pools and incentivize liquidity providers with....
The Boost community has seen huge developments in the last month. Features from the highly anticipated Boost DeFi app have started going live and by mid-November even more will be available. Boost’s native token, Boost Coin, has seen amazing results so far. Analysts are predicting Boost Coin will reach $1 as the app gets closer […]
Solana, Bitcoin, Ethereum, and the broader crypto market experienced a tumultuous start to the week, with one of the most severe price crashes since the collapse of FTX. While macroeconomic factors were primarily responsible for this downturn, substantial sell orders from Jump Crypto, a division of the prominent Chicago-based quantitative trading firm Jump Trading Group, also played a significant role. In the 10 days leading up to the crash, Jump Trading transferred $277 million worth of ETH to various exchanges, significantly intensifying selling pressure across the cryptocurrency market.....
The XRP price appears to be approaching higher valuations as liquidity levels point to increasing buying pressure. According to a crypto market expert, this trend could set the stage for a potentially powerful rally. However, the altcoin must first break through the key resistance level at $2.40 to confirm a sustained move upwards. XRP Price […]
The Bitcoin price continues to decelerate as the crypto market shows signs of weakness due to macroeconomic factors. The top crypto by market capitalization has been testing critical support levels and is at risk of falling deeper into its monthly lows. Related Reading: Bitcoin Could Jump 20% For Every 1% Liquidity Boost: Expert At the time of writing, the Bitcoin price trades around $104,000 recording a 2.5% drop over the past 24 hours. Other cryptocurrencies show greater weaknesses on similar timeframes with Ethereum and XRP displaying a 8% and 4% drop, respectively. Bitcoin price hints....