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Prominent trading firm Jane Street has made its first stride into decentralized finance (DeFi), borrowing $25 million in USDC from BlockTower Capital via DeFi marketplace Clearpool, with plans to eventually increase that amount to $50 million, Clearpool confirmed in a press release Tuesday. Bloomberg first reported on the news. Source
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Bitcoin has seen some better days but that does not mean that the cryptocurrency is no longer a viable choice. The thing is that the recent downtrend has set it on a bearish path and with the market halfway to the next halving, it could very well be that the
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Ethereum started a sharp decline from $3,180 against the US Dollar. ETH bulls must protect the $2,950 support to avoid a trend change in the near term. Ethereum failed to gain strength above $3,150 and started a fresh decline. The price is now trading above $3,030 and the 100 hourly simple moving
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Bitcoin (BTC) reclaimed $41,000 on April 14 as the first day of Western stock market trading after Easter painted a more bullish picture.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysis calls for caution on BTCData from Cryptox Markets Pro and TradingView showed BTC/USD spiking above $41,000 during April 19, reaching five-day highs
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Bitcoin (BTC) took a chunk out of its impulse move above $41,000 on April 14 as Wall Street opened with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin follows stocks downhillData from Cryptox Markets Pro and TradingView followed BTC/USD as it made swift losses as trading began on April 14.The pair
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Bitcoin gained bearish momentum and even declined below $40,000 against the US Dollar. BTC could recover if it manages to climb above the $40,000 pivot level. Bitcoin remained in a bearish zone and extended decline below $40,000. The price is now trading below $40,000 and the 100 hourly simple moving average. There is
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Ethereum extended losses below the $3,300 support zone against the US Dollar. ETH price even traded below $3,200 and might continue to move down. Ethereum started a major decline from the $3,450 resistance zone. The price is now trading below $3,200 and the 100 hourly simple moving average. There is a key bearish
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Bitcoin (BTC) began to show fresh signs of an impending correction on March 31 as BTC price action began to eat into last weekend's CME futures gap.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewUp or down, CME futures gaps provide targetsData from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly spiking down
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Bitcoin (BTC) reversed in classic fashion on March 10 after bulls failed once again to hold higher levels.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBart's back on the Bitcoin chartData from Cryptox Markets Pro and TradingView showed BTC/USD forming a characteristic “Bart Simpson” retracement pattern overnight on Wednesday.The pair had managed
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Rudd Feltkamp, CEO of crypto trading bot Cryptohopper, has a different view, reminding that markets generally do a good job of discounting big news. “If you look at major historical events and how the stock markets react, there is not an extremely large action/reaction,” he told CryptoX in an email.
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