Traders anticipate ‘DeFi Summer 2.0’ after TVL and token prices rise

Decentralized finance (DeFi) was one of the main factors that pushed the crypto market higher throughout 2021 and to date, platforms like Uniswap (UNI), SushiSwap (SUSHI) and Aave (AAVE) form the bedrock of the sector. Similar to altcoins, DeFi tokens took a severe beating as Bitcoin price corrected from its $65,800 all-time high, and data from More...

by dailyreport | Published 1 week ago
By dailyreport On Tuesday, July 27th, 2021
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Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’

Bull market optimism returned to the cryptocurrency market on July 26 after Bitcoin (BTC) price rallied above the $40,000 level for the first time in over six weeks. Today's rally to $40,581 was a continuation More...

By dailyreport On Monday, July 26th, 2021
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BTC, ETH, ICP, AAVE, LUNA

Bitcoin’s (BTC) recovery is facing stiff resistance near the $35,000 mark but Bloomberg Intelligence senior commodity strategist Mike McGlone remains bullish. In his latest analysis, McGlone said that the More...

By dailyreport On Sunday, July 25th, 2021
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This classic trading pattern signaled that Bitcoin price had hit a top

Traders tend to focus too much on timing the right entry to a trade, but very few focus on developing a strategy for exiting positions. If one sells too early, sizable gains are left on the table and if the More...

By dailyreport On Saturday, July 24th, 2021
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Bitcoin price hits $34K as trader forecasts fresh weekend resistance showdown

Bitcoin (BTC) touched $34,000 on July 24 after the latest resistance flip held to propel the market higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin battles $34,000 Data from Cointelegraph More...

By dailyreport On Friday, July 23rd, 2021
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Coin98 gains 1,200% after Binance listing, Ampleforth soars on Aave integration

Few things in the cryptocurrency space generate more hype than a new token listing because the prospect of finding a rare 1000x coin continues to be a top goal of many crypto investors.  Coin98 (C98) is the More...

By dailyreport On Thursday, July 22nd, 2021
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Dogecoin becomes the 7th cryptocurrency accepted on Coinbase Commerce

Coinbase Commerce, the e-commerce arm of the United States-based crypto exchange, has added support for Dogecoin (DOGE) payments. According to a Twitter announcement, Dogecoin became the seventh cryptocurrency More...

By dailyreport On Wednesday, July 21st, 2021
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Record network activity and a second NFT boom send WAX price higher

Just a few days before Bitcoin (BTC) price plunged below $30,000, the NFT sector was dominating headlines for the second time in 2021, led by a month-long 972% surge in the price of Axie Infinity.  Another More...

By dailyreport On Wednesday, July 21st, 2021
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Chainlink onboards an average of 1.4 new partners each day in 2021

Leading oracle provider, Chainlink, has onboarded partner integrations at a rate of more than 1.4 daily during 2021 so far. According to the archives of Chainlink’s ecosystem portal, 281 different crypto projects More...

By dailyreport On Tuesday, July 20th, 2021
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Institutional demand for Bitcoin evaporates as BTC struggles below $31K

The rocky road that Bitcoin (BTC) has been on for the past two months continued on July 19 as a widely predicted move downwards materialized in the early hours on Monday and dropped the price of BTC below $31,000.  Data More...

 

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