Several signs now suggest that Bitcoin’s recent pump to $11,000 that failed to hold could have been a bearish retest and rejection from support turned resistance. And while a bullish retest taking place at the same time has buyers confident, price action closely resembling last year’s Xi pump could be bad for the cryptocurrency. Bitcoin…
Overnight, crypto Twitter exploded in chatter about what is essentially free money. Liquidity swap platform Uniswap that’s recently enjoyed enormous growth rewarded early users with a distribution share of UNI tokens. The price per token quickly rose, essentially turning the UNI distro into the crypto industry version of the stimulus check. How Uniswap Is Stealing…
A string of back-to-back upside rejections at a local top is putting Ethereum at risk of correcting lower towards $350. Looking at ETH/USD 1H chart shows the pair attempting to close above $384, a resistance target that had held through extreme bullish biases in the past. It continues to defend bears as Ethereum traders repeatedly…
SUSHI was among the worst-performing cryptocurrencies on Thursday as the decentralized finance token faced a severe competitive threat from a rival. Uniswap, a decentralized trading platform that inspired the launch of SUSHI’s parent project, Sushiswap, launched its governance token, UNI, Wednesday night. Against the expected supply of 1 billion, Uniswap dispatched 150 million UNI tokens…
Bitcoin price today smashed back above $11,000 and is attempting to hold currently. The incredibly bullish price action following a retest of resistance turned support could have given bulls the confidence to push the crypto asset’s price much higher. But as bullish momentum builds in Bitcoin, altcoins have turned bearish. According to one crypto analyst,…
Bitcoin is surging but the rest of the crypto space isn’t following its lead this time around. Instead, many of the DeFi darlings that led the last bullish impulse, have fallen 10% or more in the last 24 hours. What’s going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? Here’s the good, the…
In quite the confusing turn of events, Gene Simmons of Kiss fame is looking into Bitcoin and crypto. On September 15th, Tyler Winklevoss of Gemini tweeted a thread about Bitcoin and the crypto space, commenting on the ongoing state of this nascent industry: “This is why I love #Bitcoin and crypto. It’s permissionless. It’s unbiased.…
This week, over $5 billion in Tether (USDT) was minted and added to the stablecoin’s circulating supply and market cap. A correlation with newly minted USDT and Bitcoin pumping has sent the crypto community into a tailspin. Today, an automated Twitter account that alerts investors as to when new Tether is minted claimed another $1…
All eyes are on Bitcoin and more specifically if the cryptocurrency is able to hold above both the “meme” downtrend line and the critical level of $10,000. The asset thus far has held strong, confirming both former resistance levels as support. But at the same time, the leading cryptocurrency by market cap may have also…
Having failed spectacularly the first time around, controversial “experimental” DeFi project YAM is preparing to launch Version 3 on Friday, September 18. After a month of interim governance and auditing, YAM is set to relaunch on Friday, September 18. Please see here for full information: https://t.co/1Mra5biT59 You can view the audit here:https://t.co/VhITXIBIN3 — Yam Finance…