Cryptocurrency Analysis and News Portal
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.Although the markets may be down and technical indicators built upon AWS malfunctioning, fear not young degens, fundamental news and the spirit of Wagmi is abundant as ever. So, read on and discover all you need to know about the most important
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Cryptocurrencies were mostly lower on Monday, although market conditions have stabilized following the weekend sell-off. Bitcoin was trading above its 200-day moving average (currently at $46,386), which suggests selling pressure could wane over the short term.Analysts pointed out that excess leverage in the bitcoin futures market contributed to the broad
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So the shift in messaging by Powell, during testimony before a U.S. Senate panel, might signal that authorities now see the inflationary pressures as longer lasting – potentially indicating the bank might be less willing to continue the loose monetary policies that have buoyed markets for risky assets, including cryptocurrencies. Original
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Bitcoin price extended decline below the $60k support against the US Dollar. BTC could extend losses towards $55k in the coming sessions. Bitcoin started a fresh decline below the $65k and $62k support levels. The price is now trading below $60,000 and the 100 hourly simple moving average. There is a key bearish
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MakerDAO founder Rune Christensen seems to have changed his mind about the future of stablecoin regulation in the United States after the Biden administration’s recent report on the topic.In an interview with CryptoX TV on Wednesday, the Denmark native said that the report, which was released by the President’s Working
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Crypto market maker GSR is going big on decentralized finance (DeFi) after concluding that decentralized exchanges (DEXs) like Uniswap will prevail over the firm’s centralized partners.Head of DeFi Jake Dwyer told CoinDesk his unit is already moving $1 billion daily on Ethereum- and Solana-based DEXs. DeFi trades account for 20%
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The 13th birthday of the Bitcoin (BTC) white paper has crept up just as the world continues to deal with a global pandemic, inflation fears, an astounding memecoin mania trend and growing institutional adoption of the cryptocurrency space.On October 31, 2008, Satoshi Nakamoto released the Bitcoin white paper to a cryptography
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Ethereum is following a bearish path below $4,100 against the US Dollar. ETH could recover, but upsides might be capped near $4,050 and $4,110. Ethereum extended its decline below the $4,100 and $4,000 support levels. The price is now trading below $4,100 and the 100 hourly simple moving average. There was a break
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Bitcoin price gained pace and cleared the $50,000 resistance against the US Dollar. BTC could correct lower, but dips might remain limited below $50,000. Bitcoin climbed higher above the $49,500 and $50,000 resistance levels. The price is now trading above $50,000 and the 100 hourly simple moving average. There is a key bullish
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Bitcoin price started a strong increase above $45,000 against the US Dollar. BTC is now facing resistance near $50,000, but it might continue to rise. Bitcoin gained pace above the $45,500 and $47,500 resistance levels. The price is now trading above $47,000 and the 100 hourly simple moving average. There is a key
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