Decentralized finance (defi) has been hit hard by the recent crypto market rout as the total value locked (TVL) across 118 different blockchains has slipped below the $100 billion mark to today’s $74.27 billion. The TVL in defi today is down more than 70% from its December 2, 2021, all-time high (ATH) at $253.91 billion. Moreover, since December 2021, the top smart contract platform tokens have lost 70% in value against the U.S. dollar as well, sliding from $823 billion to today’s… Source link

Ethereum has seen more interest in recent days. Most of it has come from the price decline of the digital asset which has allowed investors to get in at a much lower price. This interest can be easily seen in the rise of the Ethereum-denominated open interest. In the last week, this has risen dramatically. Mostly, it has been managing funds that have been at the forefront of this increase. Ethereum Open Interest Soars For the better part of the past month, the… Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Friday. The crypto is up 4.36% to $113.36 while the broader crypto market is up 0.19%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over the… Source link

Litecoin (LTC) gets a neutral rating from InvestorsObserver Friday. The crypto is up 1.46% to $46.3 while the broader crypto market is down 0.86%. Litecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Neutral Over the last five days, Litecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

Ether (ETH) price is down 37.5% in the last seven days and recent news reported that developers decided to postpone the network’s migration to a proof-of-stake (PoS) consensus. This upgrade is expected to end the dependency on proof-of-work (PoW) mining and the Merge scalability solution that has been pursued for the past six years. Competing smart contracts like BNB, Cardano (ADA) and Solana (SOL) outperformed Ether by 13% to 17% since June 8 even though there was a market-wide correction in… Source link

Litecoin price analysis shows that the market is on a bullish trajectory as the price has surged to $46.58. The cryptocurrency trades between an ascending parallel channel, which may act as a support and resistance level for LTC in the near future. The Litecoin price is currently following an uptrend as it breached the upper boundary of the descending triangle pattern. Cryptocurrencies price heatmap, Source: Coin360 Litecoin price is expected to retrace towards the $47.65 resistance level,… Source link

Bitcoin (BTC) survived another night without breaking $20,000 on June 17 as $14,000 cemented itself as a likely bottom level. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader plans to go “all in” on BTC at $14,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $20,220 on Bitstamp overnight before rebounding up to $1,200 higher. The pair remained skittish but within a narrow range as market participants waited to see how long $20,000 would hold…. Source link

“Although a 50 basis point hike was anticipated for many weeks, last Friday’s inflation data forced the market to price in a more aggressive hike with huge sell pressure,” Marcus Sotiriou, an analyst at crypto broker GlobalBlock, said in an email. “Therefore, a 75 bp hike was priced in for the short-term leading to a rally.” Source link

A Bitcoin ATM is seen at a subway station in Brooklyn Heights in New York City on June 13. Bitcoin and other cryptocurrencies have plunged in value in recent days. Michael M. Santiago/Getty Images hide caption … Source link

Litecoin [LTC] bears demonstrated their dominance once again towards the end of last week, leading to more downside. However, LTC’s latest lows suggest that it is closer to the bottom than expected. LTC achieved a new 2022 low on 14 June after bottoming out at $40.32. Its historic performance reveals that the latest price low acted as a structural level in 2020. LTC hovered near the same price level in the second half of 2020 before embarking on a rally in October of the… Source link