Yearn.finance’s yETH vault took in $140 million in ETH over 48 hours, signalling that automated investing may be the next DeFi frontier. Yearn.finance, an automated DeFi yield-farming protocol, has recently launched the latest yvault strategy, yETH. yVault strategies are a set of predefined actions that allow users to deposit funds and have them automatically sent […]
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Bitcoin, gold, and the S&P 500 all sharply dropped today, causing traders to fear BTC is on the verge of a trend reversal. The price of Bitcoin (BTC), the S&P 500 index, and gold all fell simultaneously on Sept. 3. The sentiment around the markets remains cautiously negative after the drop. Two factors likely triggered […]
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Bitcoin’s recent correction below $10,500 raises the possibility of a CME gap fill in the $9,900-$9,600 region. The fact that Bitcoin (BTC) price was unable to break through the resistance level at $12,000 meant a retracement was imminent. However, the fast pace of the current retrace was not expected by the markets and has surprised […]
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Bitcoin miners selling as well as a strengthening dollar are some of the reasons the price of BTC saw a significant correction, dropping below $11,000. The price of Bitcoin (BTC) dropped by 7% in less than two hours, liquidating over $100 million worth of longs on Sep. 3. On BitMEX alone, the sudden drop wiped […]
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The U.S. dollar has rebounded from a crucial multi-year support area and the price of Bitcoin and gold are simultaneously rejecting. The United States dollar has started to rebound from a multi-year support level. Simultaneously, the prices of both Bitcoin (BTC) and gold have both dropped off. Additionally, the European Central Bank’s (ECB) warning against […]
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Ethereum price corrected 13% but derivatives data still support a $500 Ether price. Today’s Ether (ETH) 10% dump caused its annualized futures basis to adjust after flirting with extremely optimistic territory. The basis indicator compares futures contracts price to the current level at regular spot exchanges. Healthy markets usually display a 5% to 15% annualized […]
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If the bearish patterns on Bitcoin and altcoins complete the current correction could see prices drop to new lows. The U.S. stock market continues to hit new all-time highs while gold, which acts as a safe haven asset has retreated from it’s all-time highs. This suggests that there sentiment is to own risky assets. Meanwhile, […]
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Bitcoin’s new monthly candle has been met with a fierce sell-off. Traders explain bearish and bullish scenarios for BTC. On Sept. 1, a new Bitcoin monthly candle opened with significant optimism. The August monthly candle closed above $11,500 for the first time since the all-time high in 2017. But in the short term, traders are […]
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Performance remains on track, the stock-to-flow model shows, as creator PlanB tells investors, “patience is a virtue.” Bitcoin (BTC) is charting its way directly between the previous two block subsidy halvings that sent its price an order of magnitude higher. In a tweet on Sept. 2, PlanB, creator of the stock-to-flow (S2F) BTC price models, […]
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The nation’s money printer continues to go “Brrr”. Amid a year that has been anything but normal, the United States’ Federal Reserve, or the Fed, has collected an impressive number of financial assets. “The Fed now owns a total of 22,913 different securities according to Bloomberg,” said the twitter account for the Zero Hedge financial […]
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