The rising popularity of decentralized finance (DeFi) has brought fresh attention and optimism to the cryptocurrency sector with the total value locked on all protocols increasing from $1 billion to $59 billion in less than a year and the top 5 platforms accounting for $24.33 billion of the total value. Rising gas fees have been one of the most noticeable results of the increasing interaction with DeFi protocols and currently, the Ethereum (ETH) network hosts the majority of the top DeFi… Source link

Litecoin price dropped 37% since it got rejected by the ascending parallel channel’s upper trendline on February 20. Now, LTC is undergoing a pullback before it sees a 70% upswing. However, if LTC price manages to slice through $161, a 36% crash can be expected. Litecoin price recently bounced off the $153 level, creating the third lower low for an ascending parallel channel. Due to the recent selling pressure, LTC’s upswing has taken a hit resulting in a small… Source link

Polkadot (DOT) has been raising eyebrows for the past couple of months as the interoperability-focused altcoins has gained 625% in the past three months.  The promise that interoperability between blockchains will be a viable solution to the high Ethereum gas fees plaguing the crypto market has made Polkadot’s development of parachains attractive and the number of projects choosing to build on DOT continues to grow alongside it’s popularity as a staking platform. Polkadot parachains… Source link

Bitcoin‘s market bulls were defending the $49k-mark valiantly as they attempted to push higher on the charts once more. Monero and Aave formed triangle patterns and were likely to see a breakout soon, while Nano could see a dip to $5. Monero [XMR] Source: XMR/USDT on TradingView Monero formed an ascending triangle pattern on the 4-hour chart, and trading volume has also been falling over the same time period as market participants waited for a strong move. This is a bullish pattern that… Source link

Artur Widak/NurPhoto via Getty Images Bitcoin will eventually be the world’s currency because “you have to think it’s going to infinity,” Jesse Powell, CEO of cryptocurrency trading exchange Kraken, said in a Bloomberg interview Thursday.  National currencies are already showing extreme signs of weakness and people will soon start measuring the price of things in terms of bitcoin, he said. “I think true believers will tell you it’s going all the way to the moon, to Mars, and… Source link

Artur Widak/NurPhoto via Getty Images Bitcoin will eventually be the world’s currency because “you have to think it’s going to infinity,” Jesse Powell, CEO of cryptocurrency trading exchange Kraken, said in a Bloomberg interview Thursday.  National currencies are already showing extreme signs of weakness and people will soon start measuring the price of things in terms of bitcoin, he said. “I think true believers will tell you it’s going all the way to the moon, to Mars, and… Source link

SINGAPORE, March 4, 2021 /PRNewswire/ — EQUOS, Diginex’s [Nasdaq:EQOS] institutional-grade cryptocurrency exchange, has today announced its launch of Ethereum (ETH) Perpetual Futures (ETH/USDC[F]), to provide investors with the opportunity to trade and hedge in all market conditions. This launch follows the EQUOS’ Bitcoin Perpetual Futures (BTC/USDC [F]), which was introduced to EQUOS customers in early January. It is part of the continuing roadmap for EQUOS in its mission to create the… Source link

Bitcoin (BTC) and Ether (ETH) appear to be experiencing something of a slowdown, as on-chain data shows a dramatic decrease in the U.S dollar value of coins being sent across both blockchains in the past week. At the same time, transaction fees for both chains have receded from recent highs, or in Ethereum’s case, an all-time high. Data from Bitinfocharts shows $46.68 billion worth of BTC was sent across the Bitcoin blockchain on Feb. 25. For some context, that’s around 5% of the total… Source link

According to reports, Grayscale added 174,000 tokens to its litecoin holdings in the past month. This haul pushed its total holdings of the altcoin to 1.44 million. Following this acquisition, which represents 80% of all litecoin that were mined in the past month, the total value of Grayscale’s holdings of the altcoin is now just over $248 million. However, following the large acquisition by… Source link

A measure of bitcoin volatility hit a roughly 10-month high in February. (Photo Illustration by … [+] Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Bitcoin volatility climbed in February, attaining its loftiest reading since April 2020 during a month where the cryptocurrency’s price rose to fresh highs. The digital currency’s annualized 30-day volatility reached 114.51% on February 8, the most since April 10, 2020, data… Source link