Since early 2020 the decentralized finance sector has been recieved a lot of attention due to its cutting-edge innovation and the lucrative high yield opportunities offered to cryptocurrency holders.  Despite these features, this week’s record-high gas fees show that the sector is still having growing pains and the absence of a suitable layer 2 solution could be pushing smaller investors away from DeFi. Investors attempting to place a trade on Uniswap or simply approve a new token on their… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice. At press time, Bitcoin‘s market seemed to be inching closer to the $40k-mark with every passing candle. With the world’s largest digital asset trading at $39,338 at the time, the digital silver was also mirroring these gains. In fact, Litecoin‘s [LTC] market has been rallying higher over the past few days, with the cryptocurrency’s value close to… Source link

Monero scaled above its $155.5-resistance level, with its indicators pointing to more bullishness in the short-term. ALGO was on its path to recovery after the price dipped by over 5% since touching a local high. Finally, XVG failed to rise above the $0.017-resistance and the price could continue to move within its present channel over the next few sessions. Monero [XMR] Source: XMR/USD, TradingView At the start of the month, Monero signaled the onset of an uptrend after the price scaled… Source link

Ethereum rallied by 7.75% on Friday. Reversing a 4.26% slide from Thursday, Ethereum ended the day at $1,721.06. It was a mixed start to the day. Ethereum fell to an early morning intraday low $1,589.17 before making a move. Steering clear of the first major support level at $1,536, Ethereum rallied to a late afternoon intraday high and a new swing hi $1,763.93. Ethereum broke through the first major resistance level at $1,679 and the second major resistance level at $1,761. A late pullback… Source link

The price of Bitcoin (BTC) broke above $40,000 on Feb. 6 for the first time in 23 days. But this time, the market sentiment is a lot calmer with a less overheated derivatives market. The combination of a less crowded Bitcoin futures market, the selling pressure from whales peaking, and a fast recovery could help BTC stabilize above $40,000 this time. Bitcoin recovers quickly after whales finish selling On Jan. 29, a pseudonymous Bitcoin researcher and analyst known as “Material Scientist”… Source link

The price of Bitcoin (BTC) is showing signs of a newfound rally as it breaks the $40,000 resistance area. There is a combination of optimistic on-chain data points and a favorable market structure that is leading analysts and traders to anticipate an impending Bitcoin breakout to a new all-time high. In the short term, the $38,000 and $40,000 levels remain the biggest hurdles for Bitcoin. The longer BTC took to break out of $40,000, the higher the probability of a potential correction was… Source link

Ethereum Ethereum rallied by 7.75% on Friday. Reversing a 4.26% slide from Thursday, Ethereum ended the day at $1,721.06. It was a mixed start to the day. Ethereum fell to an early morning intraday low $1,589.17 before making a move. Steering clear of the first major support level at $1,536, Ethereum rallied to a late afternoon intraday high and a new swing hi $1,763.93. Ethereum broke through the first major resistance level at $1,679 and the second major resistance level at $1,761. A late… Source link

Bitcoin made some gains Friday, but ether hit another brand-new price high ahead of CME’s ether futures launching on Monday. Bitcoin (BTC) trading around $37,751 as of 21:00 UTC (4 p.m. ET). Gaining 0.32% over the previous 24 hours. Bitcoin’s 24-hour range: $36,637-$38,332 (CoinDesk 20) BTC below the 10-hour but above the 50-hour moving average on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Bitstamp since Feb 2.Source: TradingView The price of bitcoin is now… Source link

Largest altcoin Ether (ETH) built on its recent all-time highs on Feb. 5 to climb ever closer to $2,000. ETH/USD 1-hour candle chart (Bitstamp). Source: TradingView Ether price hits record $1,750 Data from Cointelegraph Markets and TradingView showed a fresh breakout occurring for ETH/USD during Friday trading.  At the time of writing, Ether was targeting $1,750 as 6.5% daily gains topped weekly returns of nearly 22%. Ether, Bitcoin YTD performance. Source: Digital Assets Data The move came on… Source link

Chesnot/Getty Images Bitcoin climbed above $38,000 for the third time in a week on Friday in an attempt to hold the key support level. The cryptocurrency has steadily trended higher after peaking near $42,000 last month and plunging soon after. Indicators suggest the coin has room to run and will make another run at the $40,000 level, one analyst said. Watch bitcoin trade live here. Bitcoin rose as high as $38,346.61 on Friday as the world’s most popular cryptocurrency faced the… Source link