reasons why DeFiChain (DFI) price has gained 60% in December
Decentralized finance (DeFi) offers one of the most widely applicable use-cases for distributed ledger technology and today it is one of the main avenues for the wider adoption of blockchain technology. Last week, as the wider crypto market corrected and Bitcoin (BTC) dropped by 22%, DeFiChain (DFI) bucked the trend and rallied 76% to establish a new high at $5.70 on Dec. 6 as its 24-hour trading volume surged from an average of $3.6 million to $24.3 million. DFI/USDT 4-hour chart. Source: Tr...
reasons why DeFiChain (DFI) price has gained 60% in December
Decentralized finance (DeFi) offers one of the most widely applicable use-cases for distributed ledger technology and today it is one of the main avenues for the wider adoption of blockchain technology. Last week, as the wider crypto market corrected and Bitcoin (BTC) dropped by 22%, DeFiChain (DFI) bucked the trend and rallied 76% to establish a new high at $5.70 on Dec. 6 as its 24-hour trading volume surged from an average of $3.6 million to $24.3 million. DFI/USDT 4-hour chart. Source: Tr...
Bitcoin rebounds on Wall Street open as exchange BTC reserves plunge after $42K dip
Bitcoin market ditches "extreme fear"Data from Cointelegraph Markets Pro and TradingView captured a classic rally for BTC/USD on hourly timeframes, gaining $2,000 in a single one-hour candle. The pair had hit daily lows of $48,656 on Bitstamp before a dramatic trend change brought back the psychologically significant $50,000 level.Buckle up — Zhu Su (@zhusu) December 8, 2021#Bitcoin held crucial level and continues probably to a new test at $51.6K and $53.6K.Nice!— Michaël van de Poppe (@Cryp...
Bitcoin rebounds on Wall Street open as exchange BTC reserves plunge after $42K dip
Bitcoin market ditches "extreme fear"Data from Cointelegraph Markets Pro and TradingView captured a classic rally for BTC/USD on hourly timeframes, gaining $2,000 in a single one-hour candle. The pair had hit daily lows of $48,656 on Bitstamp before a dramatic trend change brought back the psychologically significant $50,000 level.Buckle up — Zhu Su (@zhusu) December 8, 2021#Bitcoin held crucial level and continues probably to a new test at $51.6K and $53.6K.Nice!— Michaël van de Poppe (@Cryp...
A slew of new NFT-related partnerships and integrations with DeFi platforms sparked a rally in XTZ, WAXP and ALEPH.
The roller coaster ride that is the cryptocurrency market continued its volatile ways on Dec. 8 as Bitcoin (BTC) price briefly slipped below the $49,000 level. Despite the setback, there are still clear signs that crypto mass adoption is taking place, a prime example being Visa's announcement that it will launch crypto consulting and advisory services for merchants and banks. Analysts expect that Bitcoin will continue to search for firmer footing and while this process plays out, Ether a...
A slew of new NFT-related partnerships and integrations with DeFi platforms sparked a rally in XTZ, WAXP and ALEPH.
The roller coaster ride that is the cryptocurrency market continued its volatile ways on Dec. 8 as Bitcoin (BTC) price briefly slipped below the $49,000 level. Despite the setback, there are still clear signs that crypto mass adoption is taking place, a prime example being Visa's announcement that it will launch crypto consulting and advisory services for merchants and banks. Analysts expect that Bitcoin will continue to search for firmer footing and while this process plays out, Ether a...
$1.1B in Bitcoin options expire on Friday, but data points to a sub-$55K BTC price
Bitcoin (BTC) bulls are still licking their wounds from the bloody Dec. 4 correction, which saw the price collapse from $57,000 all the way to $42,000. This 26.5% downside move caused $850 million in long BTC futures contracts to be liquidated, but more importantly, it shifted the “Fear and Greed index” to its lowest level since July 21. Bitcoin/USD price at FTX. Source: TradingView It is somehow strange to compare both events, as the July 21 sub-$30,000 low would have erased the entire gains...
$1.1B in Bitcoin options expire on Friday, but data points to a sub-$55K BTC price
Bitcoin (BTC) bulls are still licking their wounds from the bloody Dec. 4 correction, which saw the price collapse from $57,000 all the way to $42,000. This 26.5% downside move caused $850 million in long BTC futures contracts to be liquidated, but more importantly, it shifted the “Fear and Greed index” to its lowest level since July 21. Bitcoin/USD price at FTX. Source: TradingView It is somehow strange to compare both events, as the July 21 sub-$30,000 low would have erased the entire gains...
0x expands partnership with Celo to distribute $4.5M to DAO ecosystem
0x and Celo have announced a joint partnership to allocate $4.5 million — consisting of $3 million CELO and $1.5 million ZRX — towards the growth of 0x’s ecosystem via its community-centric decentralized autonomous organization (DAO). The news follows an agreement penned in mid-November between the two firms to integrate a zero-cost 0x API functionality on the Celo blockchain to enhance the experience of DeFi developers seeking to access multi-chain aggregated decentralized exchange (DEX) liq...
0x expands partnership with Celo to distribute $4.5M to DAO ecosystem
0x and Celo have announced a joint partnership to allocate $4.5 million — consisting of $3 million CELO and $1.5 million ZRX — towards the growth of 0x’s ecosystem via its community-centric decentralized autonomous organization (DAO). The news follows an agreement penned in mid-November between the two firms to integrate a zero-cost 0x API functionality on the Celo blockchain to enhance the experience of DeFi developers seeking to access multi-chain aggregated decentralized exchange (DEX) liq...
