A popular crypto strategist known for selling Bitcoin (BTC) at its peak says Ethereum (ETH) is showing unprecedented strength against the king crypto. Pseudonymous analyst DonAlt tells his 449,100 Twitter followers that the smart contract platform is dominating other altcoins in its price ratio with BTC. “There has never been a coin in crypto history that has been so dominant against BTC over this kind of timeframe. I’m honestly impressed. This is the kind of dominance you… Source link

The crypto market witnessed the DeFi summer of 2020, where decentralized finance applications like Compound and Uniswap turned Ether (ETH) and Bitcoin (BTC) into yield-bearing assets via yield farming and liquidity mining rewards. The price of Ether nearly doubled to $490 as the total liquidity across DeFi protocols quickly surged to $10 billion. Toward the end of 2020 and early 2021, the COVID-19-induced quantitative easing across global markets was in full effect, causing a mega-bull run… Source link

Bitcoin (BTC) flashed volatility at the Jan. 6 Wall Street open after fresh United States economic data disappointed risk-asset bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: BTC price in line for $17,000 retest Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $16,669 on Bitstamp around non-farm payrolls and unemployment figures. Both those came in better than expected, with mixed implications for the Federal Reserve having room for… Source link

Permissionless is the brainchild of Blockworks and Bankless. Over 5,500 people attended the inaugural event in 2022, making Permissionless the world’s largest DeFi conference.  What sets Permissionless apart? It’s a crypto native’s paradise, crafted specifically for both builders and investors who […] Source link

Grayscale Investments STAMFORD, Conn., Jan. 06, 2023 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager, and manager of Grayscale® Digital Large Cap Fund (OTCQX: GDLC) (Digital Large Cap Fund), Grayscale® DeFi Fund (OTCQB: DEFG) (DeFi Fund), and Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), today announced the updated Fund Component weightings for each product in connection with their respective fourth quarter 2022… Source link

This week, we take a closer look at Ethereum, Ripple, Cardano, Litecoin, and Solana Ethereum (ETH) This Wednesday, the bulls took over the price action and pushed ETH all the way to the key resistance at $1,260. Since then, the price seemed unable to break above. Nevertheless, Ethereum still managed to book a 3.8% increase in the past seven days. The fact that in the past two days, the price has been rather timid in pulling back from this most recent rally suggests that… Source link

Bitcoin‘s (BTC -0.48%) fortunes turned south in 2022 as the token’s value fell 64% and both investors and traders began to question the cryptocurrency’s future. Bitcoin failed to be a hedge against inflation while falling behind upgraded blockchains like Ethereum (ETH -58.44%) and Solana (SOL -2.11%) when it comes to utility. As the calendar turns to 2023, will Bitcoin gain traction and get back to $30,000, or is the bull run over? Here’s what you need to consider this year.  The digital… Source link

Bitcoin (BTC) could be busy forming fundamental support in its current tight trading range, the latest research suggests. In a tweet on Jan. 6, trading platform Trend Rider noticed that $16,800 is becoming an increasingly important BTC price support zone. Point of control establishing below $17,000? Bitcoin’s lack of volatility has led commentators to debate when a breakout could occur — and in what direction it could go. So far, however, the increasingly narrow trading range in place since… Source link

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A widely followed crypto analyst is warning Bitcoin (BTC) traders that the weekend ahead could be a tricky one. Popular crypto trader Michaël van de Poppe tells his 644,000 Twitter followers to avoid overleveraging BTC heading into the first weekend of the new year. “We should be good if Bitcoin remains above $16,600.  Tricky weekend coming up with Grayscale, tomorrow unemployment data and such. Wouldn’t go crazy on leverage.” Van de Poppe then goes into further detail… Source link