Altcoins and DeFi tokens have been on a tear for the last two weeks  and as the end of August approaches many projects are seeing their tokens reach for new all-time highs. Data shows that a majority of the top-10 DeFi tokens gained more than 20% in the past 30-days, with projects like Bancor (BNT) and THORChain (RUNE) seeing gains in excess of 115%. Top-10 DeFi assets by price. Source: Messari Here’s a look at some of the factors behind the current boost to DeFi tokens and the projects… Source link

Ether (ETH) will face a critical $820 million monthly options expiry on Friday, Aug. 27. That will be the first time that $3,000 and higher options will have a real fighting chance, even though bulls seem to have missed a good opportunity to dominate the expiry because they were too optimistic about Ether’s price potential. It is unclear why $140 million of the neutral-to-bullish call options were placed between $3,800 and $8,000, but these instruments will likely become worthless as the… Source link

Litecoin (CRYPTO: LTC) is trading up alongside the rest of the crypto market on Wednesday. Some other popular crypto tickers moving higher include Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Ethereum Classic (CRYPTO: ETC) and Dogecoin (CRYPTO: DOGE). Litecoin was up 1.64% at $177.43 at last check Wednesday afternoon. Litecoin Daily Chart Analysis Litecoin looks to be forming into what technical traders call an ascending triangle pattern. The… Source link

This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points here. Pulse check The following is an overview of network activity on the Ethereum 2.0 Beacon Chain over the past week.  For more information about the metrics featured in this section, check out our 101 explainer on Eth 2.0 metrics.  Data as of Aug. 24, 2021, 20:28 UTCSource: Beaconcha.in, Etherscan Data as of Aug. 24,… Source link

The amount of Ether (ETH) held by all cryptocurrency exchanges has declined dramatically in the previous 12 months. Blockchain analytics firm CryptoQuant reported that Ethereum reserves on trading platforms dropped 26.29 million ETH to 19.22 million ETH year-on-year (YoY), indicating that traders’ preference to hold their tokens increased. At least the Ether price performance in the same period indicates the same. Between August 25, 2020, and press time, the ETH/USD exchange rate exploded by a… Source link

CRYPTOCURRENCIES including Litecoin have attracted attention from investors in 2021 – but they come with plenty of risks. You’ve probably heard of Bitcoin, but maybe not its so-called “little brother” Litecoin. We explain what you need to know. 1 The little brother to Bitcoin – Litecoin – is a cheaper and quicker alternativeCredit: Reuters Whether you decide to invest in either Bitcoin or its little brother, both come with a number of risks because they are cryptocurrencies. When it… Source link

Riccardo Paolo Spagni, the lead Monero maintainer who was recently arrested on charges related to fraud, has been denied bail. A U.S. court stated that Spagni, who goes under the nickname Fluffypony, had not proven that he wasn’t a flight risk. According to the judge, Spagni had previously flown to the United States when he was supposed to appear in court in South Africa. The judge ruled that he should remain in custody until his extradition hearing takes place. What did Riccardo… Source link

Source: AdobeStock / alswart The popular privacy-focused cryptocurrency monero (XMR) stood out as one of the better performers in what is a vastly red crypto market today, it itself turning red as well. This correction follows a rise of over 17% in the past week, and this strong price performance comes as the implementation of a solution for atomic swaps between bitcoin and monero was announced just five days ago. At 9:48 UTC on Wednesday morning, monero was down by 5.1%, trading at USD… Source link

Ethereum Ethereum fell by 4.55% on Tuesday. Reversing a 2.52% gain from Monday, Ethereum ended the day at $3,172.52. A mixed start to the day saw Ethereum rise to a mid-morning intraday high $3,360.00 before hitting reverse. Falling short of the 23.6% FIB of $3,369 and the first major resistance level at $3,390, Ethereum slid to a late afternoon intraday low $3,133.45. Ethereum fell through the first major support level at $3,245 and the second major support level at $3,166. Finding late support,… Source link

Litecoin price dropped 9% over the past 24 hours as crypto markets tumbled. Although the bulls are trying to find support, a retest of the $200 psychological level seems likely. In some cases, LTC might form a triple bottom at $160.86 before triggering an upswing to $225. Litecoin price experienced a sell-off as it set up a swing high on August 23. While this downswing sliced through a support level, it is showing signs of a rebound from its current position. Litecoin… Source link