Cryptocurrency Analysis and News Portal
Despite the recent negative crypto and macroeconomic newsflow, the total cryptocurrency market capitalization broke above $1 trillion on Jan. 21. An encouraging sign is that derivatives metrics are not showing increased demand from bearish traders at the moment. Total crypto market cap in USD, 1-day. Source: TradingViewBitcoin (BTC) price gained 8%
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The total crypto market capitalization soared by 29.4% in two weeks, although Bitcoin's (BTC) price stabilized near $21,000 on Jan. 19.As a result, it became increasingly difficult to justify that the 5-month-long bearish trend still prevails after the $930 billion total crypto channel top has been breached. Still, the psychological
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According to data from Nansen, of the circulating supply of stETH, some 931,000, or 20%, sits in crypto lending platform Aave’s aSTETH Token contract, while roughly 411,000 or 8.75% resides in decentralized stablecoin exchange Curve’s stETH-ETH Swap contract, demonstrating the token’s wide integration into DeFi protocols. Source
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Thena, a liquidity layer and decentralized exchange (DEX) on the BNB chain, has experienced an uptick in total value locked (TVL) from $5 million to $90 million since its launch last week. Source
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Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit from arbitrage. In the lending sector of defi, a lot has changed during the last 12
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Bitcoin (BTC) spiked higher around the Jan. 17 Wall Street open as nervous analysts waited for further cues.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewOpinions diverge over Bitcoin's fateData from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly touching $21,594 on Bitstamp, marking its highest since Sep. 13.As bullish impulses continued
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The Bitcoin market is heavily bolstered by global adoption including several institutional ETFs and the fact that it is used as legal tender in El Salvador and the Central African Republic. The crypto market volatility continued during the weekend with Bitcoin price rallying slightly above $21K on Sunday.
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The total cryptocurrency market capitalization reached its highest level in over two months on Jan. 13 after breaking above the $900 billion mark on Jan. 12.While the 15.5% year-to-date gain sounds promising, the level is still 50% below the $1.88 trillion crypto market cap seen before the Terra-Luna ecosystem collapsed
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The Flare (FLR) token airdrop started on Mon., Jan. 9, nearly two years after a snapshot of Ripple (XRP) holders took place on Dec. 12, 2020. The FLR airdrop was distributed at a ratio of 1.0073 FLR per 1 XRP and the initial distribution saw 15% of the total supply
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In the most recent report, Chainalysis research suggested that the illegal use of Tornado Cash was essentially associated with crypto hacks and scams, with an approximate average of thirty-four percent of all inflows.Tornado Cash, an open-source, decentralized cryptocurrency tumbler, which was recently in news for its conjectured role in the
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