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BTC and altcoins are attempting to end January on a positive note by overcoming overhead resistance levels as Bitcoin aims to flip $40,000 back to support. Go to Source Powered by WPeMatico
Recently, death crosses between the 50-day and 200-day exponential moving averages have acted as a reliable predictors of bottoms. Go to Source Powered by WPeMatico
Phantom, the cross-platform Solana wallet built for DeFi and NFTs, achieved unicorn status after attaining a $1.2 billion valuation. Go to Source Powered by WPeMatico
On Sunday, January 30, 2022, the top smart contract protocol tokens by market capitalization is $592 billion or 32.66% of the $1.8 trillion crypto economy. Meanwhile, the total-value locked (TVL) in decentralized finance (defi) protocols is $192.42 billion up 5.28% since January 23. Defi TVL Climbs More Than 5%, Ethereum Defi Dominance Still 60%, Cross-Chain … Read more
Last week, non-fungible token (NFT) sales remained unscathed while crypto asset spot markets were dismal. However, a week later, NFT sales have dropped 13% to $800 million in sales over the last seven days. During the past week, NFT sales on the Ethereum blockchain have slipped 11.78% but Ronin blockchain-based NFT sales (Axie Infinity) dropped … Read more
Technical analysis points toward early bottoming signs in BTC and altcoins, but analysts forecast another sharp downside move. Go to Source Powered by WPeMatico
Bitcoin and altcoins are in a strong relief rally, but overhead resistance levels and expected comments from the Federal Reserve could impact the recovery. Go to Source Powered by WPeMatico
Bitcoin and most altcoins have fallen to key support levels, but the current trading setup suggests traders lack the confidence to chase after an oversold bounce. Go to Source Powered by WPeMatico
The value locked in decentralized finance (defi) has dropped 21.22% since January 4, 2022. At the time, the total value locked (TVL) in defi was $255.84 billion and today, the TVL is around $201.55 billion. TVL in Defi Loses $54 Billion in 2 Weeks While digital currency markets shed significant value during the last two … Read more
A confirmed head and shoulders pattern on SOL’s daily chart points toward a drop to $70. Go to Source Powered by WPeMatico