CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News, RIPPLE News
DeFi Tokens Soar As Bitcoin Price Stops At $ 16,000
Leading DeFi tokens have seen notable double-digit price increases in recent days.
Although BTC has recovered from two falls below $ 16,000, so far over the weekend, the asset is struggling with a decisive recovery in the desired price level and the area between $ 16,000 – $ 16,250. Altcoins with higher capitalization also lost some momentum, but DeFi tokens rose in value.
Most alternative coins have a slight drawback. Ethereum has lost about 2% on a 24-hour scale and is trading below $ 460 after getting close to $ 480 a few days ago.
Chainlink, Bitcoin Cash, Litecoin, Polkadot, and Cardano also declined slightly.
Cryptocurrency market overview
XRP bulls finally wake up and break above $ 0.27
XRP is up 6.8% over the past three days, causing the coin’s resistance to break at $ 0.261.
XRP is up 6.8% over the past three days, pushing the coin to break the high of the 2-month range at $ 0.261. This resistance was provided by a bearish Fibonacci retracement of 0.5 and prevented XRP from climbing higher in both September and October.
Grayscale’s Trust in BCH Loses $ 1.6 Million After Hard Fork
Since November 1, the assets managed by the Bitcoin Cash Trust, which manages the crypto fund, have decreased.
According to Coin Dance data, the Bitcoin Cash network is now split into two blockchains. Currently, miners’ actions seem to be favoring the community-driven Bitcoin Cash Node or BCHN.
Capital is flowing into Bitcoin at almost a record rate
Bitcoin has risen sharply in the past few weeks.
Bitcoin has risen sharply in the past few weeks. In the past five weeks alone, the leading cryptocurrency has gained 50% against the US dollar, largely surpassing all other assets.
$ 1200 US incentive check now costs nearly $ 3000 when invested in bitcoin
A $ 1,200 incentive check issued to US citizens as a relief against the COVID-19 pandemic will now cost nearly $ 3,000 when invested in BTC.
It has been approximately seven months since the US government sent its first checks for $ 1,200 to many citizens. Interestingly, this amount will now be worth almost $ 3,000 if invested in bitcoin, since the price of the asset has risen significantly since then, unlike the dollar.
Grayscale Approaches $ 10 Billion, Institutional Demand for Bitcoin Rises
Just two weeks after breaking all bitcoin inflow records, Grayscale is once again making new all-time highs.
Grayscale, a New York-based investment firm, is rapidly approaching the $ 10 billion mark in asset management.
The firm offers accredited investors the opportunity to invest in stock indices that are backed by crypto assets. Their most popular product is the Grayscale Bitcoin Trust, which accounts for over 80% of AUM.
Isn’t it time for DeFi to go beyond ETH?
DeFi’s total market capitalization was $ 15.8 billion
DeFi’s total market cap was $ 15.8 billion, compared to Ethereum’s $ 51.8 billion market cap. This means that as of mid-November 2020, DeFi’s market cap already exceeds 30% of Ethereum’s market cap and will soon grow to ETH’s own market cap.
Cryptocurrency Crimes Down 60 Percent In 2020, But DeFi Hacks Exploded
According to a report by crypto-intelligence company CipherTrace, Defi’s crime rate has skyrocketed.
Common cryptocurrency thefts, hacks, and fraud have declined 60% in the first 10 months of 2020 compared to 2019. But, according to a report by crypto intelligence company CipherTrace, Defi’s crime rate has skyrocketed.
Research: Real Bitcoin Volume Soars To 2020 High, But Greed Is Taking Over
According to Arcane Research, “7-day average daily real volume of bitcoins” has reached an annual high.
Bitcoin shows some resilience above $ 16,000. While resistance above $ 16k is low, analysts say a pullback is possible if BTC’s growth slows.
According to Arcane, a slowdown in growth is likely given that real bitcoin volume has risen 270% over the past month. After such a strong month in terms of trading activity, there may be a slowdown in growth.
The largest bank in Belarus launched a cryptocurrency exchange service
JSB Belarusbank has launched a legal service that allows clients from the country and Russia to purchase cryptocurrency.
The largest bank in Belarus, JSSB Belarusbank, reportedly launched a legal service that allows clients from the country and Russia to purchase cryptocurrency.
Users will be able to exchange digital assets for Belarusian and Russian rubles, US dollars and euros directly from their Visa payment cards.
The largest bank in Belarus in terms of capital, assets, loans and deposits has partnered with White Bird cryptocurrency exchange to launch the new service, starting November 13, according to a Prime Press report.