Bitcoin (BTC) Bitcoin saw a steep 10.6% price decline this week as it hit the current $10,250 level. The cryptocurrency had started September off with a bullish tone as it managed to spike above the $12,000 level. However, this changed two days ago as Bitcoin started to roll over. It initially found support at $11,150...Read More
Ethereum fell by a steep 5% over the past 24 hours as the bears push it beneath $400. ETH has now dropped by a total of around 19% from the September high of $490. Against Bitcoin, it decreased to 0.0364 BTC, but the bulls regrouped. ETH/USD – Ethereum Holds At Downside 1.272 Fib Support Key...Read More
The cryptocurrency market is not finished dumping in value as Bitcoin is fighting to stay above $10,000, while Ethereum is already well below $400. The rest of the alts are bleeding out as well, as the total market cap shed $60 billion in two days. Bitcoin Dipped Below $10,000 It was merely 48 hours ago...Read More
Zug, a canton in Switzerland, will be the first canton to start accepting cryptocurrency for tax payment purposes starting from February 2021. Zug Canton Partners with Bitcoin Suisse for Crypto Tax Payment According to an announcement by the canton on Zug on Thursday (September 3, 2020), taxpayers in the canton will have the option of...Read More
It appears that the cryptocurrency market hasn’t stopped plummeting in value. After losing over $20 billion worth of the total market cap in a day, the situation just worsened. Bitcoin further plunged to below $11,000, Ethereum dumped to $400, and the rest of the altcoins follow along. Bitcoin Plummets Below $11K It’s safe to say...Read More
The latest two DeFi protocols to pump and dump worthless tokens have been Hotdog and Pizza as the food meme trend continues. They are essentially clones of other defi platforms, some of which are clones themselves. The latest is a Uniswap clone called Hotdog that, just like SushiSwap, promised better APYs and shares in governance...Read More
Over $20 billion of total market cap have disappeared in the past 24 hours as most cryptocurrencies are retracing heavily. Bitcoin lost $700 following a rejection at $12,000, Ethereum drops by 8%, as of now, following a 15% daily plunge at the peak (as of writing these lines). Polkadot becomes the top 5 cryptocurrency, enjoying...Read More
Ethereum dropped from a daily high of $488 to a low of $420, marking a 15% decline. ETH has since recovered a bit and it currently trades at around $445. Against Bitcoin, the cryptocurrency found solid support at a steeply rising trend line and quickly rebounded during today’s price drop. ETH/USD – Ethereum Rolls Over...Read More
The market for decentralized finance (DeFi) solutions has skyrocketed in the past four months as investors are happy to stake their cryptocurrency in various lending protocols to earn astronomically high returns. Back in March this year, the total value locked in protocols of the kind was just about $550 million. Now, the TVL has surged...Read More
Bitcoin briefly jumped to above $12,000 but has retraced since then. In the last few hours, the entire market appears to be taking a break. Bitcoin Tested $12K To No Avail The past 24 hours have been rather impressive for the cryptocurrency field, with the entire market cap gaining over $13 billion from yesterday’s bottom...Read More
The ongoing DeFi craze shows no signs of slowing down as the total value locked (TVL) in different protocols continues to increase by the day. As CryptoPotato reported earlier today, SushiSwap, the protocol that is attempting to fork the world’s leading decentralized exchange Uniswap by introducing a liquidity reward token called SUSHI, topped $1.2 billion...Read More
The crypto industry is scrambling to find a solution for the unfeasibly high gas fees that make smaller transactions on the Ethereum network financially unviable. The 2020 DeFi boom and explosion in yield farming platforms have strained the Ethereum network so much that whales and minnows alike are now fighting for block space to get...Read More
Bitcoin continues to improve its position slowly and is currently hovering above $11,900. However, double- and even triple-digit price pumps from lower-cap alts continue to decrease BTC’s dominance to a yearly low of beneath 57%. 2-Year High For ETH, Sushi Enters Top 100 Ethereum doubles-down on its recent price pump with another 10% increase. ETH...Read More
Ethereum surged by a substantial 10% surge over the weekend as it hit a high of $440 today. The cryptocurrency broke above the previously highlighted pitchfork on the 4-hour chart. Additionally, Ethereum penetrated above a falling price channel against Bitcoin over the weekend. ETH/USD – Bulls Re-Test 2020 Highs Key Support Levels: $420, $408, $400.Key...Read More
More than 1.1 million test Ether (ETH) tokens are now staked by validators on Ethereum 2.0’s Medalla test network. Validator participation is trending at 74 percent, which is well above the 66 percent threshold. The average staking balance of 32 ETH has been maintained by validators, who are now almost 38,000. This comes amidst the...Read More
As yield farmers scramble to deposit their crypto collateral in the latest and greatest thing in DeFi, volumes on the Uniswap DEX have surged to record levels. The milestone was noted by Ethereum developer and Uniswap creator, Hayden Adams. 🤯 Wow, @UniswapProtocol 24hr trading volume is higher than @coinbase for the first time ever 🦄...Read More
Bitcoin continues to increase in price slowly and is currently hovering at $11,650. Larger-cap altcoins are in the green as well, as Ethereum’s 4.5% increase has taken ETH to $420. Altcoins On The Move The top ten cryptocurrencies have been recovering since last week’s dumps, and most of them have marked gains in the past...Read More
Bitcoin seems stable after recovering from its drop to $11,100 and trades above $11,500. However, massive gains are evident among lower-cap alts and DeFi tokens, including YFI that doubled BTC’s all-time high. As such, Bitcoin’s dominance over the market has decreased by over 1%. YFI To $40k, Low-Caps Surging It’s no secret that the DeFi...Read More
Every day brings something new to the cryptocurrency market as the DeFi craze continues to boom and surprise. Announced on August 26th, the SushiSwap project is attempting to take the concept behind the leading decentralized exchange protocol, Uniswap, and offer an alternative with further incentives to liquidity providers. Enters SushiSwap: What is it? In an...Read More
Following a few days of adverse price movements, most of the cryptocurrency market is recovering and is in the green today. Bitcoin is up to $11,500, Ethereum is trading above $400 for the first time since Tuesday. Even more impressive gains are evident from the lower-cap alts. Bitcoin Back Above $11,500 The primary cryptocurrency saw...Read More
Bitcoin Bitcoin saw a small 4% price drop this week as it headed into the $11,300 support (downside 1.272 Fib Extension). During the week, the coin broke beneath the August rising trend line. The bulls attempted to recover, but the previous support flipped into resistance and the buyers failed to overcome it. On Tuesday, Bitcoin...Read More
The leading decentralized exchange has recorded more volumes in August than it did in July. Uniswap saw more than $300 million in trading volume over the past 24 hours and $2.5 billion in the last seven days, according to data on Dune Analytics. Uniswap Spends The Most Gas Fee Uniswap’s impressive volume is also putting...Read More
Despite Bitcoin’s tumultuous performance following an announcement of the US Federal Reserve regarding its new approach to average inflation targeting, the cryptocurrency has managed to stabilize around $11,400 where it’s currently trading at. Elsewhere, Chainlink and Polkadot are both in red but LINK has returned to the top 5 coins by market cap. Bitcoin Spikes...Read More
Centre Consortium members Circle and Coinbase have just launched an upgraded version of their popular USDC dollar-pegged stablecoin. Going live on August 27, USDC 2.0 aims to tackle high gas fees by allowing developers to delegate it to other wallets or take fees in USDC instead. Removing ETH From The Picture The official announcement explained...Read More
Ethereum had dropped 5% on the weekly. However, there is strong support built upon the $380 area. The last time ETH daily closed below $380 was 2.5 weeks ago. Overall in August, ETH is mainly trading in the range between $380 – $400 and must break this range to dictate the next direction for the...Read More
Polkadot is growing in popularity, and this has been thoroughly reflected in its price. In a matter of days, the project managed to occupy the 6th spot of the top 10 largest cryptocurrencies, boasting a total market cap upwards of $1.05 billion. Now, a team of developers has announced that it’s building a trustless general-purpose...Read More
Police in Seoul has forayed the offices of one of the biggest crypto exchanges in South Korea, Coinbit. Allegedly the firm has faked more than 99% of its trading volume. Coinbit Banks Over $85M According to a recent news report, authorities stormed the offices of the company early today. The suspicion is that Coinbit has...Read More
DeFi tokens continue to flood the markets as developers are minting new coins and listing them on Uniswap every day. While this might present an earning opportunity for some, the number of the so-called ‘rug pulls’ is also on the rise. Investors need to be extremely careful and selective when it comes to the tokens...Read More
The cryptocurrency market has lost $20 billion from its market capitalization, as the majority of cryptos in the red over the past 24 hours. Bitcoin’s current weekly low is at $11,100, while Ethereum reached the target of $370 as predicted by CryptoPotato. The giant blockchain, Polkadot, is trading around $5.40 after the DOT token was...Read More
The American multinational giant bank JPMorgan Chase & Co has entered into a strategic partnership with the blockchain-based company ConsenSys. As part of the deal, ConsenSys will acquire the bank’s enterprise blockchain platform – Quorum. ConsenSys Acquires JPM’s Quorum As reported earlier by Reuters, the New York-based blockchain startup has acquired Quorum and plans to...Read More
