Ethereum’s correction triggered a DeFi-token collapse which resulted in YFI and UNI dropping by 46%.
Ethereum price corrected 16% in 4 days, led by these three key factors.
Bitcoin miners sold substantial amounts of BTC throughout the past two months, but on-chain analysts believe it won’t stop the next bull run.
47% of Bitcoin options expire next Friday, meaning BTC could be on the verge of a trend defining move.
Bitcoin price still faces resistance at $11K as traders turn their attention to DeFi-tokens like Uniswap (UNI).
Lured by the sirens’ call, traders are wrapping their Bitcoin at record levels in order to yield farm and trade DeFi tokens.
Social media sentiment for Bitcoin has slumped to a two year low yet technical indicators are still saying ‘buy’
CNBC Mad Money host Jim Cramer plans to invest 1% of his net worth in Bitcoin because “gold is dangerous.”
The price of Bitcoin fell by 3% as on-chain data shows miners are starting to sell BTC on exchanges once again.
Bitcoin whale clusters show major resistance levels are at $10,570 and $11,288, raising the chances of a major sell-off.