Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) It can be difficult to extrapolate the precise differences between a good sustainable product and temporary financial incentives in the world of crypto. Crypto-native products are extremely clunky, asking users to jump through any number of weird hoops just to move a bit of money around. But if moving that money around means that you can earn even more money, then that product can enjoy enormous traction. DeFi offers… Source link

After reaching a level last seen in November 2020, the average Ethereum gas fee is now below $1. Ethereum Gas Fees Falls The Ethereum network experienced transaction fees as low as 69 cents on Saturday, which has not happened in the previous 19 months. The following day, gas prices reached $1.57 or 0.0015 ETH, which is equivalent to December 2020’s numbers. Transaction costs on the network today ranged from 20 cents to merely 20 cents, with 20 cents being the highest. Gas prices in the… Source link

Bitcoin (BTC) rose to clip $20,000 for the first time in five days on July 4 as the Independence Day holiday brought some unexpected gains. BTC/USD 1-hour candle chart. Source: Tradingview.com $20,000 briefly reappears Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $20,085 on the day, its best performance since June 30. The pair had spent most of the holiday weekend at around $19,000, but the absence of Wall Street trading ultimately proved no obstacle for… Source link

Key Takeaways Bitcoin plummeted by 56% in Q2 2022. Meanwhile, Ethereum had a negative quarterly performance of 67%.  Low trading volumes and open interest point to further losses in Q3 2022.  Share this article Bitcoin’s status as a hedging asset was called into question in Q2 2022 after it suffered a steep drop in tandem with global financial markets. Ethereum has performed worse than Bitcoin with liquidity drying up across all major cryptocurrency exchanges. Low Liquidity Ahead… Source link

Ethereum gas fee plummets as NFT sales and DeFi activity on the platform are on a sharp decline over the last two months. The world’s second-largest cryptocurrency Ethereum (ETH) has been under severe pressure recently. As of press time, ETH is struggling to hold above $1,000 levels. Amid the bearish conditions, the Ethereum network gas fee has dropped to the lowest since 2020  to 0.0015 ETH or $1.57. The last time the ETH gas fee was this low was in December 2020. Last year, the ETH gas fee… Source link

One of the main features of the Bitcoin blockchain is its transparency. Bitcoin lets anyone see every transaction that has ever been made on its network and check the balance of every address out there. Because of this transparency, we’re able to know who owns the most Bitcoin (BTC) in 2022. It’s important to look at who owns the most BTC, as the cryptocurrency’s supply is limited to 21 million coins. In February, Kim Grauer, director of research at blockchain forensics firm… Source link

Text size Bitcoin has failed to consistently breach the key $20,000 mark. Ozan Kose/AFP via Getty Images … Source link

Bitcoin is down 9.2% over the past week, finishing around $19,400 and trading near 19,000 on Monday morning. Ethereum has lost 13.3% in the last seven days, while other top altcoins in the top 10 have fallen from 8.6% (BNB) to 18% (Solana). According to CoinMarketCap, the total capitalisation of the crypto market fell 9% over the week to $865bn. Bitcoin’s dominance index fell 0.3 points to 42.2%. The cryptocurrency fears index by Monday rose to 14 points. Bitcoin has been under even… Source link

Bitcoin (BTC) starts a new week still in holiday mode with United States financial markets off for Independence Day. The largest cryptocurrency, stuck below the increasingly daunting $20,000 mark, continues to feel the pressure from the macro environment as talk of lower levels remains omnipresent. After a quiet weekend, hodlers find themselves stuck in a narrow range while the prospect of a breakout to the upside appears increasingly hard to believe. As one trader and analyst singles out July… Source link

The price of Litecoin (LTC) is currently negative after a significant amount of liquidation. Monday’s data from Coingecko indicates that the price of LTC has decreased by 1.4% over the past week and is currently trading at $49.98. LTC had previously achieved support at $49.68, but was unable to maintain the levels and experienced a price decline. The LTC/USD pair is currently encountering resistance at $50.85; a move over this level would target $51.50. The one-day price chart for Litcoin… Source link