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Why This Analyst Expects Bitcoin Price Consolidation After the Recent 15% Drop Reading Time: 2min read Bitcoin faced a strong drop into Friday. The cryptocurrency, after peaking at $40,000, fell as low as $34,000 in a flash drop on Friday morning. The drop was odd because the cryptocurrency was strongly underperforming altcoins. Normally, during Bitcoin corrections, altcoins fall against the U.S. dollar and against BTC, though this was not the case. Bitcoin has since bounced back toward $36,500 since the daily lows. Bitcoin Could Enter Consolidation, Analyst Predicts One crypto-asset analyst ...

Yearn.finance Founder Andre Cronje Drops Hints About v2 Vaults Reading Time: 2min read Yearn.finance (YFI), a leading decentralized finance protocol, has been hyping up the launch of its v2 Vaults. While Yearn.finance is an umbrella DeFi ecosystem, it is currently best known for its Vaults product. Vaults are contracts where users can deposit cryptocurrencies such as Ethereum, USDC, YFI, and others to earn a regular yield paid in the coin they deposit. Vaults allow holders of cryptocurrency to earn passive income on their holdings. The v2 iteration of these Vaults are expected to boost return...

Bitcoin Just Passed $37k—and Analysts Say the Bottom May Be In Reading Time: 2min read Bitcoin has undergone an extreme rally over the past day, surging from the $33,000 region past $37,000 as of this article’s writing. The cryptocurrency now sits above $37,000 for the first time since the weekend and is up 10% in the past day’s trading session. The cryptocurrency is outperforming altcoins in this move higher. While Bitcoin has gained 10% in the past day’s trading session, altcoins such as Ethereum and XRP are only up 3-5%. The Bitcoin Bottom Is In?  Analysts think that the Bitcoin p...

Bitcoin Just Dropped Below $33,000: What Analysts Are Saying Reading Time: 2min read Bitcoin has begun to drop lower once again despite the flush on Monday to $30,000. The leading cryptocurrency currently trades for $32,500, below the $36,000 highs the cryptocurrency saw during a bounce earlier today. Bitcoin’s drop comes in spite of the fact that the funding rates on leading crypto-asset futures platforms have reset. The funding rate is the reoccurring fee that long positions pay short positions to maintain the price of the future to the spot price. High funding rates, such as those seen o...

Billionaire Investor Mark Cuban: Bitcoin Market Looks Like Dotcom Bubble Reading Time: 2min read Bitcoin has seen immense volatility over the past few weeks, slingshotting between key support and resistance levels on a daily basis. Monday’s price candle alone had an $8,000 range, which is the largest ever. just the ol 8k daily range pic.twitter.com/FXXet2NzmJ The cryptocurrency currently trades for $35,000, though fell as low as $30,000 just hours ago. Bitcoin also traded as high as $42,000 late last week, which was a new all-time high for the asset. Mark Cuban, billionaire investor, a Shar...