Data from Dune Analytics show an increase in the total number of protocol users in Ethereum DeFi with 898,598. Trader Aaron Arnold predicts up to a 50-fold increase in major DeFi protocols on Ethereum. Ethereum’s DeFi is gaining momentum once again. After suffering a correction in the price of its most important tokens and a drop in its Total Value Locked (TVL). Now, this figure shows the recovery in the sector and has reached a new all-time high during the weekend with $13.7 billion, Source link

Bitcoin has recently found its feet after an uncertain couple of years following its 2017 boom and subsequent bust. The bitcoin price has recently rallied to over $16,000 per bitcoin, riding a raft of positive news to come within touching distance of its 2017 all-time high of around $20,000—a peak that surging demand out of China helped it reach. Now, with China continuing to tightly regulate bitcoin and other cryptocurrencies even as it begins the roll out of its hotly-anticipated… Source link

Bitcoin (BTC) begins a new week with stocks rising and the U.S. dollar falling — all while trading back above $16,000. What’s next for price action? Cointelegraph takes a look at the factors which could shape how Bitcoin moves in the coming days. Stocks near all-time highs while USD sinks This week’s macro environment feels somewhat different to the last — stocks are gaining, boosted by a major Asian trade deal, while the U.S. dollar is losing ground. According to the latest data on… Source link

Litecoin price is gaining momentum above $65.00 against the US Dollar. LTC is likely to continue higher towards the $70.00 and $72.00 resistance levels in the near term. Litecoin remained well bid and surpassed the $65.00 resistance zone against the US Dollar. The price is now trading nicely above the $66.00 level and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $63.00 on the 4-hours chart of the… Source link

Over the weekend numerous traders pointed out that Bitcoin (BTC) price broke its parabolic uptrend which had dated back to September. Technical analysts are bracing for a pullback as the dominant cryptocurrency eyes consolidation. Bitcoin could still see a strong recovery after the weekly close if there is a continuation of the rally. But it would need to quickly re-enter the parabola or risk a potential downward correction. Traders pinpoint $15,500 as the key level to maintain the bull… Source link

Bitcoin Bitcoin rose by 3.00% in the week ending 15th November. Following on from a 12.69% breakout from the week prior, Bitcoin ended the week at $15,965.0. It was a bearish start to the week. Bitcoin fell to a Monday intraweek low $14,841.0 before making a move. Steering clear of the first major support level at $13,842, Bitcoin rallied to a Friday intraweek high and new swing hi $16,481.0. Falling short of the first major resistance level at $16,523, Bitcoin fell back to sub-$16,000 levels. A… Source link

Ethereum Ethereum fell by 2.74% on Sunday. Following on from a 3.35% slide on Saturday, Ethereum ended the week down by 1.33% to $448.58. It was a mixed start to the day. Ethereum rose to an early morning intraday high $463.24 before hitting reverse. Falling short of the first major resistance level at $475.38, Ethereum fell to a late intraday low $439.77. The sell-off saw Ethereum fall through the first major support level at $449.55. Finding late support, Ethereum partially recovered to end… Source link

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.   Top Stories This Week Bitcoin price at $16,000 and beyond? Here are the bear and bull cases We’re undoubtedly in a bull market right now. This week, Bitcoin hit $16,000 for the first time in years.  Even this weekend’s… Source link

The world’s premier privacy coin, Monero appeared to break out of a short-term downtrend and could be set to move toward its resistance around the $127-level, provided it can defend an important level of support at $115 if the bears gain some traction over the next few hours. Further down the crypto-ladder, Basic Attention Token could be poised to follow the gradual downtrend it has been on over the past couple of months while Crypto.com Coin continued to post losses on its charts. Monero… Source link

The Bitcoin Cash community has been patiently waiting for weeks for the November 15, 2020 upgrade and the day is finally here. Every six months the Bitcoin Cash network upgrades, but this time around, a conflict sparked over Bitcoin ABC’s Infrastructure Funding Plan (IFP). During the course of the day, the following editorial will be monitoring the Bitcoin Cash upgrade in real-time so our readers can be kept up to… Source link