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 ...

Two Ethereum (ETH)-based altcoins are skyrocketing after gaining support from the top US-based crypto exchange platform by volume. In new posts on the social media platform X, Coinbase is announcing the additions of the decentralized finance (DeFi) platform Maple Syrup (SYRUP) and artificial intelligence (AI)-based token Aethir (ATH) to its suite of digital asset products. Coinbase’s announcements preceded rallies for both tokens. The additions of SYRUP and ATH come a few days after Coinbase added the tokens to its listing roadmap last week, signaling upcoming support. At the time, both assets jumped nearly 40% in price. News of the support caused both the assets to spike in price, as SYRUP went from a low of $0.131 on March 12th to a peak of $0.173 just a day later, a gain of 28.7% during the last 24 hours, while ATH went from a low of $0.034 to a peak of $0.040 during the same time frame, a gain of 14.4% on the day. Aethir is a decentralized cloud comput...

Litecoin (LTC) stands at a crossroad, its resilience tested by the bearish market tide. Beneath the surface, LTC’s fundamental strength and growing adoption hint at a potential resurgence. Can it awaken a sleeping giant and reach $118? LTC Key Statistics Current Price: $98 Market Cap: $7.40 billion Trading Volume (24h): $447.9 million Circulating Supply: 4 million LTC Total Supply: 84 million LTC CoinMarketCap Ranking: #23 Amid a broader market downtrend that has cast its shadow for some time, Litecoin (LTC) has retreated 24.81% from its 30-day high and 16.09% from its 7-day peak. Yet, even in this challenging environment, LTC has managed to ascend 12.41% from its 30-day low and inch up 0.33% from its weekly bottom, showcasing its resilience in turbulent times. LTC/USD Market Key Levels Resistance: $105, $110, $118 Support: $92, $85, $80 LTCUSD – Daily Chart The LTCUSD daily chart portrays a gloomy landscape, with Litecoin currently trading at $98, down...

A popular analyst says he’s feeling bullish on crypto for the end of this year and is updating his outlook on Ethereum (ETH) and Solana (SOL). The pseudonymous trader known as Altcoin Sherpa tells his 222,400 followers on the social media platform X that he’s expecting a “full send” phase for crypto around December or perhaps early next year. “Personally I’m bullish going into late Q4 but until that time, I honestly have no idea. Still expecting some chop for Sept/October and then some fakeouts in November. Full send by December/January 2024 though.” Looking at Ethereum, the trader doesn’t yet see any immediate reason to flip bullish on ETH. But, he notes that the price has recently been correcting into a high-volume area, suggesting that ETH is sitting on strong support. “ETH the only good thing I see about this chart is that price is about to hit a high volume node around the $2,200 – $2,400 level. Ev...

Toncoin, the native crypto of The Open Network, witnessed a 13% amid news on Telegram messenger support . TON aims to reach 30% of Telegram users by 2028. The native cryptocurrency of The Open Network, Toncoin (TON), price has finally gained traction after a week of downward movement. The rally comes as the layer-1 network witnessed a notable incline in development activity. TON gained 13% in the past 24 hours and is trading at $1.92 at the time of writing. The asset’s market cap currently stands at $6.58 billion, making Toncoin the 11th largest cryptocurrency. Per data provided by Santiment, TON’s 24-hour trading volume saw a 73% rise, reaching $49.6 million. TON price, social volume and whale activity – Sept. 13 | Source: Santiment Moreover, the development activity of TON rose by around 5% over the past week.  According to a tweet by TON Daily News, Telegram Messenger now support s Toncoin, allowing the 800 million Telegram Wallet users to utilize TON. However, the...

Miners are in deep trouble due to increased hash rate and energy costs, but pro traders slightly added to their longs despite the recent BTC pullback. Bitcoin (BTC) price lost 11.3% between Dec. 14 and Dec. 18 after briefly testing the $18,300 resistance. The move followed a 7-day correction of 8% in the S&P500 futures after the U.S. Federal Reserve chair Jerome Powell issued hawkish statements after raising the interest rate on Dec. 14. Bitcoin price retreats to channel support Macroeconomic trends have been the main driver of recent movements. For instance, the latest bounce from the 5-week-long ascending channel support at $16,400 has been attributed to the Central Bank of Japan's efforts to contain inflation. Bitcoin 12-hour price index, USD. Source: TradingView The Bank of Japan increased the limit on government bond yields on Dec. 20, which are now trading at levels unseen since 2015. However, not everything has been positive for Bitcoin as miners have struggled with the...

The dollar index (DXY) found support at a key level, leading traders to question whether BTC will manage to flip $17,250 to support. On Dec. 2, the United States Dollar index (DXY), an index that measures the dollar's strength against a basket of top foreign currencies, reached 104.40 which was the lowest level seen in 5 months.  To recap, the U.S. dollar's weight against the basket of top foreign currencies grew by 19.6% in 2022 until late September as investors looked for protection against the impact of a hawkish Federal Reserve and, more recently, the rising energy costs and effect of high inflation. The U.S. dollar's retreat may have been an interim correction to neutralize its "overbought" condition, as the 114.60 peak was the highest level in 20 years. Still, its inverse correlation with Bitcoin (BTC) remains strong, as pointed out by analyst Thecryer on Twitter: $DXY $BTC pic.twitter.com/jG9HmYN8Mg — Thecryer (@HumpBackCrypto) December 2, 2022 Notice ...

The Aave market takes the $96.8 level as the basis for the bearish trend that hits a brick wall at the $60 price level . The strong support level dams the falling price, but the buyers repeatedly fail to advance the price in a bullish way. The bulls were only able to keep a firm grip on their position and they keep it unmovable. AAVE Market Price Statistic: AAVE/USD price now: $59.8 AAVE/USD market cap: $827,399,301 AAVE/USD circulating supply:14,093,192.58 AAVE/USD total supply: 16,000,000 AAVE/USD coin market ranking: #50 Key Levels Resistance: $60, $65, $70 Support: $55, $50, $45 Aave Market Price Analysis: The Indicators’ Point of View The outlook of today’s candlestick pattern portrays a high level of indecision as the price fails to rise beyond the new lower resistance level . The RSI measures a market momentum of 39 as the line assumes an upward-moving position. The RSI line has crossed the signal line. This is telling us that Aave is on a bullish ...