Bitcoin price searches for support near $35K, DeFi tokens move higher
DeFi tokens moved higher while Bitcoin price struggles to hold $35,000 as support. Bitcoin price is finding soft support at $35,000 after dropping 7.4% in the later hours of Jan. 19. According to Cointelegraph contributor Joseph Young, the correction was primarily the result of an overheated derivatives market and uncertainty over whether BTC can recapture the $40,000 level. Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell as low as $33,400 before recovering to the $35,000 level. Not all is lost for the top cryptocurrency though, as news BlackRock,....
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Ever since Bitcoin broke above its peak at $20,000 and roared higher by another $20,000, altcoins have awakened from their long crypto winter slumber. Ethereum set a new all-time high, and now tokens across the market are starting to follow. Further confirmation that an altcoin season is finally upon us, is cemented by searches for […]
Ethereum, DeFi tokens, and altcoins capitalized on Bitcoin’s consolidation by rallying strongly in the past 48-hours. For the past two days, Bitcoin price has traded within the $14,800 to $15,500 range but the top-digital asset struggled to flip $15,500 to support. A positive is BTC continues to make higher lows and at the time of writing the price is trying to break from the range but still encountering resistance at $15,500. While BTC price has bounced back and forth, altcoins and select DeFi tokens capitalized on the consolidation phase and turned bullish. DeFi having a day Top 3: $YAX....
Key Highlights. ETH price after a sharp downside move found support near $9.00 against the US Dollar, and started recovering. There was a bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which was broken during the recent upside move. The price traded higher, and currently finding sellers near the $9.80-10.00 area. Ethereum price after yesterday’s collapse found support near $9.00 against the US Dollar. The ETH/USD is now back higher and in the bullish zone. Ethereum Price Upside Move. We saw yesterday how there was a sharp decline in ETH price against the....
Decentralized finance token prices have begun to trend higher and the rise in the total value locked across protocols and increasing dApp revenue hint at a potential DeFi revival. The month of March has been a tale of two halves for the cryptocurrency market and the weakness seen since the start of the year has began to fade. Bitcoin's (BTC) strong move above the $40,000 level is helping to lift sentiment across the sector, and DeFi tokens are also beginning to move upward. Crypto Fear & Greed Index. Source: Alternative.meData from cryptocurrency market intelligence firm Messari shows that....
DeFi tokens take center stage as top lending protocols AAVE, Maker and Compound establish new all-time highs. Several DeFi tokens saw their prices breakout on Feb. 4 as Bitcoin (BTC) and Ether (ETH) prices traded sideways for the day. Aside from the general bullish trend permeating the DeFi sector, positive comments from big-name investors touting the benefits of blockchain technology and DeFi appear to be lifting sentiment throughout the sector.Currently, Bitcoin price is still struggling to reclaim the $38,000 level and according to Cointelegraph analyst Marcel Pechman, top traders may....