DOGE and LINK surge as wider crypto market settles
ETH surges to new all-time highs as thirst for DeFi yields increases
As EIP-1559 moves closer and closer, sellers appear more and more disinterested in parting with ETH.
The cryptocurrency market is growing in confidence today after adding 2.3% to its total market capitalization — tacking on more to a strong seven-day performance.
Sentiment in the cryptocurrency market is recovering after dropping to fearful levels last week, per multifactorial crypto market sentiment analysis from alternative.me. The thirst for more gains can be seen in the altcoin and yield-farming market, which is outperforming BTC in a significant way.
Aave surges as hunger for DeFi yield increases
On the subject of an increased appetite for yield, the decentralized finance market is surging — with its total value locked surpassing $72.27 billion. Popular lending protocol Aave is leading the charge with a TVL increase of nearly 11%.
Top altcoin gainers and losers: WAVES leads altcoins after surge
- WAVES/USDT +43.35%
- EC/USDT +31.66%
- GHST/USDT +16.96%
- OKT/USDT -4.81%
- OKB/USDT -8.24%
- HDAO/USDT -10.98%
BTC technical analysis: Still boring, but still slightly bullish
The price of BTC continues to trade inside of a wide range between 48,000 USDT and 62,000 USDT — something the market is currently finding to be boring. However, at the moment, the leading cryptocurrency is slightly bullish while holding above the ribbon of exponential moving averages on the four-hour time frame.
ETH technical analysis: Hardly any sellers
The price of ETH continues to garner most of the spotlight as it pushes even higher against BTC. It appears the second-ranked cryptocurrency is starting to melt up as sellers appear loath to part with their coins ahead of EIP-1559.
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