What market players can do when investing in DeFi to balance risks
Bearish moods returned to the cryptocurrency market, and Bitcoin broke below the $50,000 level, thus increasing the risks of further correction of the flagship digital currency.
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Bitcoin and Ethereum on the Bounce As Morgan Stanley Brings Bitcoin Investments to Clients
The Bitcoin (BTC) and Ethereum (ETH) markets are on the side of the bulls today as both digital currencies received liberation from the market bears. A soothing succor is returning to the market following days of constant dips from the world’s two largest cryptocurrencies by market capitalization.
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BTC/USD Goes past $16,000, ETH/USD Dips Below $460
The price dynamics in BTC/USD continue to be largely bullish, letting Bitcoin try to capitalise above $16,000. As for the rest of the week of 9th November, with the $16,000 handle being tested, we are likely to see BTC capitalise above $16,000 by the end of this week.
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The Virus Crypto Economy: Since the Pandemic Started, CEX.IO almost Doubled its Daily User Registrations
The CEX.IO exchange, a top 10 crypto exchange according to CryptoCompare’s July rankings, has taken stock of the first half of 2020. Its analysts saw exceptional growth in the number of new users, significantly higher daily trading volume, and increased trader activity, in particular a 15-times shorter order filling time compared to last year, all despite the pandemic that has strained the global economy.
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Bitcoin Breaks Above $12,000 While Ethereum Attempts to Catch Up
Since August 2nd, Bitcoin entered a consolidation phase that saw its price make a series of higher lows. However, the infamous $12,000 hurdle continued to hold, absorbing any upward pressure. This price behavior led to the formation of an ascending triangle on BTC’s 4-hour chart.
