Bitcoin set for ‘insane long opportunities’ as it enters price discovery: Traders

Historical Bitcoin performance data and investors' expectation that the Fed will “pump our bags” have traders anticipating a strong BTC price rebound.

The $600 stimulus check invested in BTC last week would have made you $75 better off already, data shows. 2368 Total views 18 Total shares Americans who received their second coronavirus stimulus checks on Dec. 29 have already gained 12% — if they invested it in Bitcoin (BTC).As the United States government rolls out another…

‘DeFi yields and interest rates are clearly a vacuum sucking in a lot of stablecoins,’ says Coin Metrics’ Nic Carter. The rise of DeFi protocols and the demand for tokens in liquidity pools may be contributing to a huge surge in the supply of stablecoins.According to an Sept. 3 tweet from Coin Metrics co-founder Nic…

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.In this week’s newsletter, Ethereum staking services have agreed upon a 22% limit on all validators to ensure fair markets. August proved to be another costly month for

As Decentralized Finance protocols continue to grow on all fronts, their infrastructure grows alongside them. While the total value of USD locked in DeFi recently hit a new all-time high at $4.23 billion, liquidity issues have also been a challenge and this led to the creation of decentralized liquidity pools like Uniswap and Balancer. These pools…

Ethereum's blog shows ETH 2.0 still chugging along with developments. A recent post on Ethereum's blog shows the network's version 2.0 is still coming, noting several developments since its last update."Aside from written updates [...] and other public summaries, client teams, contributors, and community members/prospective-validators have been busy," said a June 23 post on the…

Something is brewing, and those with finely tuned noses can smell it. As traders have come to expect, Bitcoin (BTC) is doing “Bitcoin things” by bouncing around between the usual “key” support and resistance levels, and to be honest, it’s all starting to feel a bit boomerish.Bitcoin’s long-awaited “moon” depended on institutional investor buy-in, breaking…

The CEO of top cryptocurrency exchange Binance has said President Trump’s crypto-related tweets can only be a good thing for the industry.‘The president of the United States is talking about cryptocurrency’Changpeng Zhao (“CZ”) told CNBC in an interview published on July 23 that even though Trump has been critical of the asset class in his…