Latest Market News
Cryptocurrency asset manager Bitwise has launched a new fund focused on the decentralized finance (DeFi) space. At launch, the Bitwise DeFi Crypto Index Fund fund will contain a basket of 9 different tokens issued by DeFi projects – with a weight of 25.14%, the largest constituent at launch is Uniswap’s UNI, closely followed by Aave’s AAVE token at 23.37%.
Bitcoin might have seen a small 3.67% price drop today, but the coin is still up by a total of 21% over the past week. Over the weekend, Bitcoin attempted to push higher above the $50,000 level but fell short at $49,700. As a result, Bitcoin has rolled over and dropped lower today as it trades around $47,630.
As we move through the second month of the year, a number of cryptocurrency projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
Bitcoin is up by a powerful 15% over the past week of trading as the cryptocurrency starts to knock on the door of the $40,000 resistance. The cryptocurrency had ended its phase of consolidation last week when it managed to break above the upper angle of a descending triangle. With this breakout, it is expected that Bitcoin will now head back toward the ATH of $42,000 with the newly established bullish momentum.
As we move through the second month of the year, a number of cryptocurrency projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
A number of platforms offer a way for users to gain a yield by staking cryptocurrency. Here are three projects that bring innovation to yield farming and offer something not found anywhere else.
The crypto market is currently in a boom cycle again. Fungible tokens like Bitcoin and Ethereum are witnessing enormous price increases. An emerging area in the blockchain world is non-fungible tokens or NFTs. Especially in connection with virtual parallel worlds (metaverse), NFTs are becoming increasingly important, as they map ownership rights over the users' virtual objects in a transparent and censorship-resistant manner.
As we move through the second month of the year, a number of cryptocurrency projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
EOS emerged as a direct competitor to Ethereum. It sought to provide an improved platform for decentralized applications and provide tools for developers to work with blockchain technology.
Chainlink saw a healthy 13.4% rebound after finding support at $21 (.382 Fib Retracement) yesterday. The cryptocurrency had hit a new ATH on Monday as it reached the $27.70 level but started heading lower from there.
