DeFI News by Thebittimes.Com

Cardano price appears to have triggered massive sell positions after it failed to rise above resistance at $0.4400. The smart contract platform bowed to increasing overhead pressure as investors locked in profits. ADA must reclaim immediate support at $0.4000; otherwise, its leg may stretch to $0.3730 before bulls get another chance to push prices higher again. Cardano Price Trading Volume Explodes Ahead of The Fed's Interest Rate decision The US Fed (Federal Reserve) will announce the much-awaited interest rate decision on Wednesday. Market participants are waiting with bated breaths to see whether the regulator will continue the interest rate hike streak that has lasted for months this year amid calls to control inflation. A 0.75% increase in interest rates would mean tougher times ahead, with investors likely staying clear of riskier assets like cryptos. However, the crypto market has become resilient over the past few months. Hence, massive price drops rema...

Join Our Telegram channel to stay up to date on breaking news coverage Crypto traders seek to make out a silver lining for themselves in the face of the crypto markets’ bearishness. While some coins are extremely active, others seem to be asleep. This Month, the volatility of the Ethereum Name Service coin and Casper coin is quite wild, unlike the slightly motionless Thor Coin. Huobi Token has made a breakout of its long-held bearish motion. The same with Thor-coin, which is also making moves to defy the bearish order , although there is little volume in the market. Huobi Token (HT/USD) The HT price has been stuck below the supply level at $4.3420, but has however, risen by 20% by the end of last week. The HT coin had initially dropped by 34% in August, and the price seemed to retrace, as MA indicates during periods nine and twenty-one. The market is expected to rise to $5.000. Huobi Token (HT/USD)   Current price: $4.41 Market capitalization: $663.3M Tradin...