DeFI News by Thebittimes.Com

Binance coin rose to a five-month high on Monday, as cryptocurrency prices continued to trade higher. The token rose to its highest point since mid-May, extending recent gains in the process. Avalanche was also in the green, climbing to a six-week high during today’s session. Binance Coin (BNB) Binance coin (BNB) rose to a five-month high to start the week, as cryptocurrency markets surged on Monday. BNB/USD moved to a peak of $336.52 earlier today, which comes less than a day after trading at a low of $307.37. Monday’s rise in price sees the token hit its highest point since May 9, when the coin was trading at $359. BNB/USD – Daily Chart Overall, BNB has now extended its recent bull run, with prices moving higher for a fourth consecutive day. Despite recent hacks on a blockchain linked to Binance, its native token remains unscathed, and has now risen by as much as $100 in the last ten days. As a result of this, the 14-day relative strength index (RSI) has...

Ethereum dropped below $1,500 on Friday, as crypto currency markets fell following earlier gains in the week. Bitcoin was also in the red in today&#x2019 ;s session, as the token moved closer to a breakout below $20,000. Overall, the global crypto market cap is down 1.90% as of writing. Bitcoin Bitcoin (BTC) fell lower for a second consecutive day on Friday, as bullish sentiment continued to fade. Following a peak of $21,022 on Wednesday, BTC/USD dropped in back-to-back sessions, with today&#x2019 ;s decline sending the price to a low of $20,086.07. Today’s slip in bitcoin comes as USD continued to gain strength, following yesterday’s better-than-expected Q3 GDP figures, which came in at 2.6%. BTC/USD – Daily Chart In addition to a stronger dollar, momentum has somewhat shifted following a failed breakout of a key ceiling within the relative strength index (RSI). Since failing to move beyond the resistance of 66.00, the index has fallen significantly lower, ...