Category: Analysis
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2017-era altcoins IOTA, XRP and more surge 25% amid crypto bull run
Uncharacteristically, decentralized finance (DeFi) coins such as Yearn.finance’s YFI and AAVE have been on the sidelines over the past 24 hours as Ethereum surges higher along with a swath of other altcoins. CryptoSlate market data shows that the top-performing cryptocurrencies in the top 100 by market capitalizations are all 2017-era coins that rallied hard in…
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BlackRock exec says Bitcoin is here to stay as BTC blasts past $18.8k
BlackRock’s CIO of fixed income Rick Rieder says Bitcoin is here to stay. On CNBC’s Market Alert, Rieder emphasized the receptivity of millennials to cryptocurrencies. Coincidentally, on Nov. 20, the price of BTC surpassed $18,800 for the first time since 2017. Wow. BlackRock CIO of Fixed Income Rick Rieder talking about Bitcoin replacing gold on…
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Global search volume for Bitcoin appears higher than in 2017
Monthly global searches for Bitcoin are reportedly 350% higher than in late 2017.
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Linear calculation suggests ETH 2.0 in Jan 2021—will Ethereum price react?
According to CryptoQuant’s linear calculation of ETH 2.0 deposits, the mainnet release could occur in January 2021. If so, whether the price of Ethereum would stagnate due to expectations of a December mainnet launch remains to be seen. For the ETH 2.0 mainnet to launch, over 400,000 ETH have to be deposited into the ETH2…
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This crypto fund just bought $10m in Chainlink (LINK) during last night’s flash dip
What’s beautiful and kind of scary about DeFi is that everything is on-chain: if you know someone’s address, you can track their investments and their other interactions with the Ethereum ecosystem. Due to the fact that you can time announcements of investments with transactions, it becomes somewhat trivial sometimes to connect addresses and funds and…
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3 reasons Ethereum dropped much harder than Bitcoin in abrupt correction
Within 30 minutes, on November 18, the price of Ethereum dropped 7.7% as Bitcoin also recorded an abrupt 6% drop. ETH saw a much sharper drop in the same period, sparking concerns regarding extreme volatility. Three key reasons likely caused Ethereum to see a more volatile drop than Bitcoin. The factors are thinner order book,…
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Bitcoin “enters stratosphere” as massive OTC deals spark institutional demand
Bitcoin achieved $17,095 across major exchanges, seeing a massive rally as over-the-counter (OTC) deals grow. This trend shows that institutions and high-net-worth are actively accumulating BTC. The hourly price chart of Bitcoin. Source: BTCUSD on TradingView.com Throughout November, on-chain analysts, including Willy Woo, said the ongoing rally is being led by smart money. The rise…
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Yearn.finance to buyback YFI from open market as YIP-54 passes
The token that rallied 64,000% in 2020 might see more price spikes ahead after a recent proposal was passed this weekend. Yearn.finance, the decentralized credit lending, loans, swaps, and yield aggregation protocol, saw its latest proposal — the YIP-54 — passed by its community members on Sunday that allows the protocol to buyback YFI from…