Monat: März 2023

März 31, 2023

LINK/USD Consolidation: When Will the Breakout Occur?

• LINK/USD is in a long-term consolidation following an abrupt selloff. • Bulls and bears should wait for a breakout before acting. • There are two scenarios that could play out – either a bearish flag pattern or the market carving out a bottom. LINK/USD Consolidation The cryptocurrency LINK provides data to smart contracts on the blockchain, and its trading pair with USD (LINK/USD) has […]

März 24, 2023

KyberSwap Launches $ARB Liquidity Pools, Mining & Trading Campaigns

• KyberSwap, a leading decentralized exchange (DEX) aggregator and liquidity platform, announces the first-ever $ARB token liquidity pools, liquidity mining and trading campaigns on Arbitrum Chain. • Eligible users of the Arbitrum ecosystem will receive an airdrop of the new governance token, $ARB. • KyberSwap will launch a range of liquidity pools with 2% and 5% fee tiers to incentivize users. KyberSwap Announces New Token […]

März 16, 2023

Bitcoin Soars Past $26K: Is This The Bull Market of 2021?

• Bitcoin has surged beyond $26,000 as investors expect lower interest rates and surging crypto prices. • The collapse of Silicon Valley Bank and Silvergate sent shockwaves throughout the market, affecting USDC reserves and amplifying fears about solvency. • However, the US government stepped in to guarantee deposits would be made whole, calming market panic and setting off a rally in crypto prices. Bitcoin Surges […]

März 8, 2023

Crypto Plunges as Fed Chair Hints at Higher Rates

• Crypto and stocks reacted negatively to comments about US inflation by Fed Chair Jerome Powell. • Bitcoin traded to lows of $22,120 while the S&P 500 fell 1%. • Investors are now likely to turn their attention to the next Fed meeting in March. Fed Chair Jerome Powell Hints at Higher Rates Cryptocurrencies, stocks, and bonds all reacted negatively after Federal Reserve Chair Jerome […]

März 1, 2023

DeFi Users Soar 31% Despite Crypto Winter: 5.5 Million and Growing

Summary of DeFi Growth in 2022 • User numbers for the DeFi sector increased by 31% quarter-on-quarter in 2022, despite the year-long crypto winter. • Total value locked (TVL) is now below $40 billion as per DeFiLlama. • Projects have used the crypto winter to build and improve their products, attracting more users and increasing user wallets across DeFi segments to more than 5 million […]