Despite resilience in the price of Bitcoin, it’s been another brutal day for Yearn.finance (YFI) and other DeFi coins. The leading decentralized finance coin, based on Ethereum, has dropped 10% in the past 24 hours. The cryptocurrency currently trades for $20,900, far below its all-time high at $44,000. YFI’s decline comes as other DeFi coins…
Ethereum nosedived from the $370 resistance zone against the US Dollar. ETH price is currently correcting losses from $345, but it is likely to face sellers near $355. Ethereum is down over 3% from the $372 high and it even broke the $355 support. The price is currently recovering from the $345 low, but it…
Decentralized finance coins based on Ethereum have undergone strong rejections over recent weeks. Nothing shows this as well as the price action of Yearn.finance (YFI), which has almost halved since its highs of $44,000 set just weeks ago. The coin now trades at $24,000 after it faced a series of technical and fundamental challenges that…
Crypto derivative platform BitMEX’s struggle with the American authorities took a toll on Bitcoin and Ethereum markets. The US Commodity Futures Trading Commission on Thursday filed criminal charges against the owners of BitMEX, accusing them of facilitating money laundering and other illegal financial transactions. The news prompted derivative traders to withdraw more than $25 million…
Chainlink’s recent price action closely resembles a sharp pullback in Ethereum in 2017 during the crypto market bull run. If the booming decentralized oracle token continues to follow the top altcoin’s previous trajectory, $75 per LINK token might be possible as its next major peak. Chainlink Price Action Matches Another Top Altcoin’s Crypto Bubble Momentum…
Ethereum is showing positive signs above the key $355 support against the US Dollar. ETH price could accelerate higher if it clears the $365 resistance zone. Ethereum is slowly rising and it is now trading well above the $355 support. The price is currently testing the $362 resistance and is above the 100 hourly simple…
Ethereum is struggling to clear the $360 and $365 resistance levels against the US Dollar. ETH price is showing bearish signs and it could dive below $350 and $345. Ethereum is still facing a heavy resistance near the $360 and $365 levels. The price is currently stuck near the $355 support and the 100 hourly…
Yearn.finance (YFI) took a strong hit around 24 hours ago when a yet-to-launch project related to protocol experienced a bug. For those that don’t know, Andre Cronje, founder of Yearn.finance, deployed a series of new contracts relating to a new, still-to-launch game called Eminence Finance. Eminence is slated to be an Ethereum-based card game with…
Ethereum tested the $370 resistance before correcting lower against the US Dollar. ETH price could start a larger decrease if it fails to stay above $350 and $348. Ethereum started a fresh decline after trading to a new weekly high near $370. The price is now trading below the $355 support and the 100 hourly…
It’s been a great past day for Bitcoin but not for DeFi coins. After stagnating around $10,700, BTC surged higher to a local high around $10,950 — the highest price in around a week. Decentralized finance coins, on the other hand, have slipped lower. According to data from CoinGecko, some of the top DeFi coins…