Top decentralized finance (DeFi) coins have dropped 5-10% over the past 24 hours despite Bitcoin’s move higher. BTC now trades at new year-to-date and multi-year highs at $16,300 and may continue higher as the key supports in the $16,000 region are surpassed. While Bitcoin is up 3% In the past 24 hours, top DeFi names…
Earlier this week, the decentralized finance (DeFi) market was in a state of capitulation. Top coins pertaining to this space were plunging by dozens of percent over the span of a day or two, including “blue chip” names like Yearn.finance’s YFI, Synthetix Network Token (SNX), and many others. From their highs set in the summer…
Top coins in the decentralized finance (DeFi) space such as Uniswap’s UNI and AAVE have slipped lower even as Bitcoin inches higher. Most top DeFi coins have dropped approximately five percent in the past 24 hours as per CoinGecko while Bitcoin has gained over 2%. The leading cryptocurrency briefly traded above the pivotal $14,000 resistance…
It’s been a tough past few days for the entire crypto market. Synthetix Network Token (SNX), in particular, has dropped rather hard: the coin is down 5% in the past 24 hours alone and nearly 20% below the local highs. Despite the drop and widespread range trading seen over the past month, investors are bullish.…
DeFi After a brutal past three to four weeks, DeFi coins are bouncing back. Synthetix Network Token (SNX), the native token of leading decentralized derivatives platform Synthetix, has gained 7.9% in the past 24 hours. The coin is now nearing $5 after spending some time under that pivotal price point. It seems that there are…
Bitcoin has seen extreme strength over recent weeks, rallying around 30% in the past month. One pioneer in the cryptocurrency space thinks, though, that BTC may not see a great bout of price appreciation this market cycle. Related Reading: These 3 Trends Suggest Bitcoin Is Poised to Bounce After $1,000 Drop Synthetix Founder Doesn’t Think Bitcoin…