A Slew of Defi Tokens Outperform Bitcoin's Weekly Gains, Defi TVL and NFT Sales Spike – Defi Bitcoin News

October has been a strong month for cryptocurrencies like bitcoin but a number of decentralized finance (defi) tokens have seen higher double-digit gains this past week. Moreover, non-fungible token (NFT) sales have picked up and after the total-value locked (TVL) in defi crossed $200 billion on October 5, two weeks later another $22 billion has been added to the TVL. Defi Network Tokens Polkadot, Polygon, Binance Coin, Stacks Outperform Bitcoin’s Weekly Gains Bitcoin (BTC) has been doing extremely well and BTC dominance has increased to 45.3% during the last week.…

Ethereum Outperforms Bitcoin, What Could Extend Gains Above $4K

Ethereum gained pace above the $3,700 resistance zone against the US Dollar. ETH price is showing positive signs and it could even surge above $4,000. Ethereum started a fresh increase above the $3,650 and $3,750 resistance levels. The price is now trading above $3,800 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally if there is a clear break above $3,850 and $3,920. Ethereum…

Bitcoin Skyrockets Above $57K, Recaptures Trillion Dollar Market Cap, Double-Digit Weekly Gains – Markets and Prices Bitcoin News

The price of bitcoin continues to climb higher as the crypto asset has captured over 19% in gains during the last seven days. Bitcoin tapped a daily high on Monday reaching $57,678 per unit, jumping 4.4% in the last 24 hours. Bitcoin Outperforms the Pack as Speculators Assume ETF Approval Is Coming It seems crypto investors are more attracted to bitcoin (BTC) in recent times as the crypto asset has been outperforming most of the top digital currencies in the last few days. On Monday, BTC has jumped 4.4% in…

Here for the Bitcoin Revolution or Just the Sick Macro Gains?

This episode is sponsored by NYDIG. Download this episode On this edition of “Long Reads Sunday,” NLW reads “Revolution, Macro and Micro: Three Ways to Look at a Bitcoin Investment.” Blumberg argues that as bitcoin and digital assets get more mainstream, the industry would do well to better understand the different philosophies that pull in people. See also: BlockFi Files for Bitcoin Futures ETF “The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our…

CoinSwitch Kuber becomes crypto unicorn, Bitcoin returns to a $1T market cap, and a 2017 Ethereum fractal that resulted in 7000% gains resurfaces: Hodler’s Digest, Oct. 3-9

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Indian crypto exchange CoinSwitch Kuber raises $260M Indian crypto exchange CoinSwitch Kuber closed a $260 million Series C funding round this week at a valuation of $1.91 billion, adding itself to the prestigious unicorn club. The funding round was led by Coinbase Ventures and Andreessen…

South Korea’s 20% Tax on Crypto Gains Will Take Effect in 2022: Report

South Korean Finance Minister and Deputy Prime Minister Hong Nam-ki said his country is moving ahead with its plan to tax gains on cryptocurrency trading starting in 2022, according to a report in The Korea Times. The policy, which will levy a 20% tax on crypto gains of over 2.5 million won ($2,125) made in a one-year period, was originally supposed to go into effect on Oct. 1, but was delayed due to a lack of taxation infrastructure. A previous proposal in September by the ruling Democratic Party of South…

Ethereum fractal from 2017 that resulted in 7,000% gains for ETH appears again in 2021

Bids for Ethereum's native token Ether (ETH) could rise to $13,000 in the next two months if history repeats. So shows a fractal indicator from 2017, consisting of at least four technical patterns that were instrumental in pushing the ETH price up by over 7,000%. The same set of bullish indicators have flashed once again in 2021 as Ether trades above $3,350 after rallying over 360% year-to-date. The 2017 Ethereum fractal, explained In detail, the four technical indicators are Stochastic RSI, Relative Strength Index (RSI), Bullish Hammer, and a Fibonacci…

3 factors that can send Ethereum price to 100% gains in Q4

Ethereum's native token Ether (ETH) has the potential to double its market valuation in the coming months, thanks to a confluence of supportive technical and fundamental indicators. Ether price soared by more than 9% Friday to hit nearly $3,300 for the first time in ten days. Its gains surfaced primarily in the wake of a price rebound across all the top cryptocurrencies, including Bitcoin (BTC), which gained 9.5% to hit $48,000, the highest level in 10 days. Ether-Bitcoin correlation against rising U.S. inflation Friday's crypto market boom coincided with the…

Ethereum’s September Losses Were Gains for Its Competitors — CoinDesk

CryptoX – Cryptocurrency Analysis and News Portal Traders’ recent preference for Ethereum competitors contrasts with the situation earlier this year, when the dominant network’s fast growth riveted investors, and ETH staged a rapid rally. Its market share has risen rapidly and now accounts for 26% of investment products, compared with 11% in January, said James Butterfill, an investment strategist at CoinShares. Source The post Ethereum’s September Losses Were Gains for Its Competitors — CoinDesk appeared first on CryptoX. CryptoX Portal