DeFI News by Thebittimes.Com

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A widely followed crypto analyst says that one rival of smart contract platform Solana (SOL) is on the brink of breaking out while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 550,900 followers on the social media platform X that layer-1 blockchain SUI Network (SUI) is one weekly close away from taking off. “SUI is on the cusp of a breakout from its macro triangle. It is one weekly close above the diagonal resistance away from kickstarting trend continuation to the upside. SUI continues to be a leader in terms of metrics across layer-1s, with its TVL (total value locked) is over $2 billion.” Source: Rekt Capital/X According to the analyst, not only is SUI ready to rally to the upside, but it has also overtaken Solana in terms of overall stablecoin transfers last month. “SUI has been consolidating inside this macro market structure for most of 2025, soon to...

Bitcoin (BTC) has surged past the $110,000 mark following a critical breakout above $108,900, positioning itself for a potential new all-time high of $130,000.  Analyst Michaël van de Poppe predicted on June 10 that the current phase is likely a short consolidation period, a common pattern before increased upward momentum.  The ideal buying range as BTC prepares for what could be another historic run, van de Poppe suggests, sits around $107,000 to $108,000. Bitcoin’s 14-day relative strength index (RSI) currently sits at 6771, which is bullish but not yet overheated.  Michaël van de Poppe’s BTC analysis. Source: X If the RSI retests 75 by the end of the month, another analyst PlanB suggests, the June closing price for BTC would be ~$130,000, agreeing with van de Poppe’s predictions.  Bitcoin price forecast The rally can apparently be chalked up to a number of reasons, most notably a sharp technical breakout. Namely, BTC reclaimed the ...

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A widely followed crypto strategist thinks several fundamental factors are conspiring to send the layer-1 protocol Hyperliquid (HYPE) to much higher valuations. Pseudonymous analyst Flood tells his 255,500 followers on the social media platform X that he’s bullish on the decentralized exchange even after HYPE printed a new all-time high of $39.68 yesterday. According to the analyst, HYPE is “still cheap” when you take into account the platform’s growth trajectory in the decentralized exchange space. “Why do you still get paid on buying HYPE at $39: – Lots of normies unable to buy, these people cannot figure out how to get on-chain – Spot not listed in any tier-one exchange – Claiming token is expensive here is not pricing in any growth, while Hyperliquid’s been growing open interest double-digit percentage week-over-week – $770,000,000 at present revenues of buybacks (market buys) – Exchanges a...

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The Hawk Tuah price plummeted 18% in the last 24 hours to trade at $0.005181 as of 02:50 p.m. EST on trading volume that plunged to $23 million. This comes after the meme coin experienced a 91% drop after its launch amid insider trading allegations. Haliey Welch, the creator of the viral “Hawk Tuah” phrase, announced the coin’s release on her X account, with traders jumping in. Hawk is live!!! HAWKThXRcNL9ZGZKqgUXLm4W8tnRZ7U6MVdEepSutj34 pic.twitter.com/9GFgYwpeFA — Haliey Welch (@HalieyWelchX) December 4, 2024 HAWK dropped from a $500 million market cap to $60 million in around 20 minutes after launch. One trader on X reported losing $43K. i really lost $43k apeing in “hawk tuah” coin pic.twitter.com/9j4frI37p8 — lynk (@lynk0x) December 5, 2024 Hawk Tuah Aiming For A Bullish Trend Reversal According to Hawk Tuah price Analysis on the 15-minute chart, HAWK initially rallied after its launch but underwent a prolonged correction foll...

A crypto strategist is warning meme tokens Pepe (PEPE) and dogwifhat (WIF) are now in prime spots to witness deep corrective moves. Pseudonymous trader Credible Crypto tells his 425,900 followers on the social media platform X that he’s leaning bearish on PEPE. According to the analyst, the current PEPE rally will lose steam, setting the stage for a collapse below $0.00000570. “HTF (high time frame) distribution takes time. After bouncing off of our range lows, we are now back at the range highs and once again struggling to clear them – likely leading to another deviation and failure. The next leg down on BTC should give us an outsized move down on PEPE as well. I’m short.”  Source: Credible Crypto/X At time of writing, PEPE is trading for $0.000011, up over 13% in the past day but still close to Credible Crypto’s range high zone. Turning to fellow memecoin WIF, the trader says the altcoin is flashing a bearish setup at its rang...