DeFI News by Thebittimes.Com

On October 19, Bitcoin price remained in a narrow trading range of $19,000 to $19,400, and the breakout of this range will determine future price action. Ethereum, on the other hand, has dropped more than 1% to $1,302 during the early Asian session.  Major cryptocurrencies were trading in the negative zone today, with the global crypto market capitalization falling 0.7% to $927 billion on the previous day. In contrast, the total crypto market volume grew over 7% in the last 24 hours to $0.7 million. DeFi had a total volume of $3.6 billion, while the total volume of stablecoins was $50 billion. Top Altcoin Gainers and Losers The top performers in the Asian session were Aave (AAVE), Monero (XMR), and Maker (MKR). The Aave (AAVE) gain more than 4% to $82, while XMR price has risen by over 1.5% to $146. Moreover, MKR's price rose over 2% to $1,111. Cryptocurrency Market Heatmap | Source: Coin360 The EthereumPoW (ETHW) price has fallen by more than 1...

Bitcoin price prediction remains neutral to slightly bullish, as technical indicators indicate investor indecision. The BTC/USD pair is trading in a narrow range of $19,210 to $19,000. The cryptocurrency market is devoid of volatility, and investors appear to be waiting for a solid fundamental reason to trigger breakouts.  BTC Sideways Range - Source: Tradingview Let's start with the news highlights, and then I'll go over the technical outlook to determine price prediction. War-Driven Crypto Activity in Russia and Ukraine As the conflict between Russia and Ukraine worsens, so does the volume and intensity of cryptocurrency activity .  New York-based blockchain Analysis firm Chainalysis released a report on the rapidly expanding use of crypto, the vast majority of which is illegal in origin, in Eastern Europe as a preview of its forthcoming 2022 Geography of Cryptocurrency Report. Residents of both countries began engaging in significantly more activity sh...

Shiba Inu price prediction remains bearish, as the pair has broken through the upward trendline that has been supporting it near $0.0000106. Shiba Inu is currently gaining immediate support at a triple bottom level of $0.00001001. According to market data, Indian traders chose Shiba Inu over Bitcoin and Ethereum. Despite the country's strict tax regime, SHIB has a relatively high volume. Over the recent weeks, the Shiba Inu cryptocurrency has seen a number of milestones, including its inclusion on major platforms. On October 10, BitMEX announced they will be adding support for six new cryptocurrencies, one of which is SHIB. SHIB Becomes the Most-traded Asset on Indian Crypto Exchanges It looks like the top investors on the market, who are Indian, are buying the Shiba Inu token (SHIB), which is a well-known meme token, instead of Bitcoin or Ethereum. It has become the most liquid cryptocurrency on India's three biggest cryptocurrency exchanges, WazirX, Zebpay...

Bitcoin, the world's most valuable cryptocurrency, dropped more than 2% today to $19,061. At the time of writing, the total market capitalization of cryptocurrencies is $920 billion, just shy of $1 trillion. The stronger economic events in the United States are keeping the dollar bullish while weighing on the prices of Bitcoin and Ethereum. The majority of investors are looking forward to the release of US inflation figures on Thursday. Bitcoin Price  The current Bitcoin price is $19,100.67, and the 24-hour trading volume is $28 billion. Bitcoin has fallen by 1.32% in the last 24 hours and more than 4% in the last seven days.  Bitcoin Price & Tokenomics - Source: Tradingview Yesterday, the prices of BTC and ETH fell by 2% and 3%, respectively. CoinMarketCap currently ranks first, with a live market cap of $366 billion.  Bitcoin and Ethereum Will Achieve High Values Post-Recession Paul Tudor Jones, a well-known investor, has stated that scarce digi...