Category: Analysis

Why this top macro investor expects the Fed to help launch Bitcoin higher

The Federal Reserve Chairman revealed in a recent speech that the central bank would be breaking from years of historical precedent with their latest decision to allow inflation to run high while keeping interest rates low. News of this created turbulence that impacted Bitcoin as well as traditional assets. Gold and Bitcoin – which have…

August 29, 2020
BitMEX CEO Arthur Hayes outlines four risks in Ethereum’s DeFi “proto-banks”

The decentralized finance (DeFi) craze is drawing interest and capital from all corners of the crypto industry. As of recent, even Arthur Hayes, the CEO of BitMEX who adamantly calls Ethereum a “s**tcoin,” has forayed into yield farming. Hayes recently released an extensive blog post to BitMEX’s company blog entitled “Dreams of a Peasant” outlining…

August 28, 2020
Yearn.finance (YFI) price rallies towards $20,000 following Aave listing

Yearn.finance (YFI) has been one of the most successful protocols within the DeFi sector in terms of sheer growth over the past few months. The protocol has garnered nearly $1 billion in total value locked (TVL), making it the fourth-largest decentralized finance protocol, just behind Curve Finance, Maker, and Aave. The growing usage of the…

August 28, 2020
This on-chain metric shows Bitcoin could be on the cusp of an explosive upswing

It has been a rough day for Bitcoin, with the benchmark cryptocurrency seeing intense turbulence that has caused its price to oscillate between highs of $11,600 and lows of roughly $11,100. The decline that the cryptocurrency has seen throughout the past few hours came about after BTC failed to sustain the momentum that was sparked…

August 28, 2020
Analyst: it’s “scary” how much of DeFi runs on Tether and USD Coin

Decentralized finance (DeFi) has seen a massive explosion over recent weeks and months, reaching a total value locked of $7.13 billion according to DeFi Pulse. Crypto assets pertaining to the space have also reached a cumulative value of $13.35 billion. The irony is that much of the growth in decentralized finance has been spurred by…

August 27, 2020
Tellor (TRB) secures coveted Binance listing as oracle bull run continues

The DeFi sector’s massive growth in recent weeks has given rise to other fragments of the crypto market, with decentralized finance’s reliance on oracles driving investor demand to these types of projects. This has caused Chainlink, Band Protocol, and Tellor to all see notable growth in recent weeks. Tellor is by far the smallest of…

August 27, 2020
Analyst: Tether (USDT) may be doing more to skirt capital controls than Bitcoin

On Crypto Twitter and in the media, Bitcoin is touted as the one way through which anybody in the world can reliably skirt capital controls. As reported by CryptoSlate, as Hong Kong has become a volatile region due to political uncertainty, a narrative formed that said the wealthy were moving their capital out through BTC.…

August 27, 2020
Here are the factors backing Polkadot’s parabolic multi-week uptrend

Polkadot has been seeing tremendous momentum in recent weeks, with the cryptocurrency now securing its position as the sixth-largest digital asset by market capitalization. Its monumental growth in recent times has allowed it to pass the market cap of Litecoin, Cardano, Bitcoin Cash, and other major cryptocurrencies. It appears that there are a few trends…

August 27, 2020
Bitcoin’s network activity is flashing “caution flags” as active address count plunges

Bitcoin’s price is showing some signs of weakness as it hovers above its crucial support at $11,300. This level has been tapped and defended on multiple occasions throughout the past day, with each dip below this level being met with aggressive buying pressure. Despite the support that exists here, the cryptocurrency is still in a…

August 26, 2020
Google Trends data shows retail investors may soon flood into the crypto market

Retail investors have proven to be a powerful, market-moving force many times over the past several years. The first clear example of their power to move assets was seen within the crypto market in late-2017. Their strength was once again showcased earlier this year when an army of investors on Robinhood began pumping the prices…

August 26, 2020