3 Key Reasons Why DeFi Giant Yearn Finance (YFI) Rallied to $12,800
In the past week Yearn Finance (YFI) rallied 330% to a new high at $12,800 but what’s behind this impressive rally? Go to Source Powered by WPeMatico
Bookmarking Crypto Insights
Auto Added by WPeMatico
In the past week Yearn Finance (YFI) rallied 330% to a new high at $12,800 but what’s behind this impressive rally? Go to Source Powered by WPeMatico
Excitement is building around the Bitcoin price as history appears to repeat itself and analysts recall the start of its run to $20,000 all-time highs. Go to Source Powered by WPeMatico
The price of Bitcoin has increased in tandem with the U.S. stock market, as “big tech” fuels stock market sentiment. Go to Source Powered by WPeMatico
The changing distribution of open interest is “wildly bullish,” one crypto fund manager says as John Bollinger says the price rally is “picture perfect.” Go to Source Powered by WPeMatico
Bitcoin’s strong move above the $12,200 resistance could boost sentiment and lead to a stronger rally in select altcoins. Go to Source Powered by WPeMatico
Demand for Wrapped BTC has surged as Bitcoin investors seek a private method to gain exposure to DeFi and lend farming. Go to Source Powered by WPeMatico
Bitcoin price rallied to $12,470 and if $12,000 holds as support bulls will target prices north of $15,000. Go to Source Powered by WPeMatico
A sudden charge to $12,200 causes instant pain for shorters as one analyst described it as a “clear fake-out to take liquidity.” Go to Source Powered by WPeMatico
The volume of top-tier cryptocurrency exchanges has increased to $334 billion in July as Bitcoin’s price climbed by 30%. Go to Source Powered by WPeMatico
Bitcoin’s network fundamentals are as bullish as ever, but $12,000 may spark a retest of lower price levels, an analyst warns. Go to Source Powered by WPeMatico