BTC futures data shows profit-taking on Coinbase IPO news, but bulls remain in control
XRP leads crypto market above $2 trillion
As BTC remains relatively quiet, ETH looks primed to take more market share after DeFi hit a new milestone.
The cryptocurrency market is up just less than 2% today — notably pushing the total market capitalization above $2 trillion.
DeFi market surpasses $50 billion as Compound takes lead
The total value locked in decentralized finance is firmly on the rise, having surpassed $51 billion, as per data from DeFi Pulse. Compound has become the top-ranked project in DeFi, with a dominance of nearly 19% — surpassing Maker.
The decentralized exchange race has opened up, with Uniswap taking a significant lead over Curve Finance and SushiSwap.
Top altcoin gainers and losers: FIL remains red hot
- KONO/USDT +37.60%
- BTG/USDT +36.58%
- PMA/USDT +26.21%
- TRX/USDT -16.44%
- MITH/USDT -24.36%
- STX/USDT -27.29%
BTC technical analysis: BTCUSDT bores crypto traders
The price of BTC remains entirely unexciting as it chops around underneath its previous all-time high — which may be considered the next area of potential resistance. Buying interest presumably exists at lower prices, unless some fundamental shift or newsworthy event rattles the market in some significant way.
ETH technical analysis: ETHBTC finally finds buying interest
ETH finally broke out against BTC in recent days, surging above a level of key resistance with relative ease. It is now consolidating in a pattern that suggests more upside is in store.
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