Cryptocurrency Analysis and News Portal
Ethereum’s ether cryptocurrency came within a hair’s breadth of a new record high on Tuesday, amid expectations that the recent GameStop trading saga would accelerate the adoption of cryptocurrencies and decentralized finance (DeFi).The second-largest cryptocurrency by market value climbed to $1,457 during the European hours, less than $3 below the
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Uniswap represented over 45% of total DEX volume. Source
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Chainlink (LINK) was soaring high in the early European trading session Thursday as traders continued to seek hedge in the cryptocurrency market against a choppy Bitcoin. The LINK-to-dollar exchange rate surged to $24.9, up 15.16 percent from its intraday opening value. The latest upside appeared near a confluence of supports around
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Spot prices in bitcoin are sliding as investors get distracted by other market opportunities. Those include in the decentralized finance (DeFi) ecosystem, which hit a record level of value locked on Tuesday.Bitcoin (BTC) trading around $31,600 as of 21:00 UTC (4 p.m. ET). Slipping 1.2% over the previous 24 hours.Bitcoin’s
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Strong hands look to be backing the recent rally to record highs for Ethereum’s ether cryptocurrency.The number of whale addresses (those holding at least 10,000 ETH) jumped to a 13-month high of 1,103 on Saturday, according to on-chain data from blockchain analytics firm Glassnode. More than 35 whale addresses have
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Aave (AAVE) price has been on an absolute tear for weeks and today the DeFi-token rallied to a new all-time high at $288.90. The decentralized finance protocol is one of the most popular in the market and the recent rally in the DeFi sector is one of the driving forces behind
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The cryptocurrency is now up 105% since Jan. 1, 2021. Source
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After dropping 13% yesterday, bitcoin is once again on the ascent. Meanwhile, Janet Yellen has offered a more nuanced view of crypto and small Ethereum mining pools are organizing a campaign against a potential network upgrade.Top shelfMiners revolt!Eight Ethereum mining pools amounting to around 30% of the network’s hash power
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Even after setting a new record high of $1,439 on Monday, the rally for Ethereum’s ether cryptocurrency may have only just begun, according to Fundstrat Global Advisors strategist David Grider.Basing his prediction partly on use cases for Ethereum’s blockchain technology, Grider wrote in a note Tuesday that ether has scope
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Altcoin season is now official, with the highest ranked of the bunch setting a new all-time high today – much like Bitcoin did late last year. At the same time, open interest in Ethereum Futures contracts has never been higher, suggesting that the momentum, volatility, and potential upside has only
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