While the total value locked (TVL) in decentralized finance (defi) hovers just above the $214 billion mark, a defi protocol called Lido has been moving closer toward taking Curve’s top spot in terms of TVL in a defi protocol. Currently, the liquid staking solution Lido has $19.2 billion in staking assets derived from five different […]
Good Evening all! Layer 2s, roll ups, etc – one of their goals is to lower fees for transactions while taking advantage of Ethereum’s Security. From what I understand, before I can use a layer 2, I need to send my ETH to the specific layer 2 and also buy some of their token to…
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Bitcoin climbed further above the $42,000 level against the US Dollar. BTC is showing positive signs and might rally further above $42,200. Bitcoin remained well supported above the $41,000 and $41,100 levels. The price is now trading above $41,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $41,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a strong upward move if it settles above the $42,000 resistance zone. Bitcoin Price Gains Pace Bitcoin price extended increase above the $41,500 resistance zone. BTC even cleared the $42,000 resistance zone and settled above the 100 hourly simple moving average. A high was formed near $42,235 before the price started a downside correction. There was a move below the $41,500 pivot level. The price even spiked below the $41,000 level, but it found support near the $40,900 level. A fresh base was formed and the price is now back above $41,500. Bitcoin climbed above the 50% Fib retracement level of the recent decline from the $42,235 swing high to $40,900 low. It is now trading above $41,500 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $41,725USD pair. An immediate resistance on the upside is near the $41,725 level. Source: BTCUSD on TradingView.com The 61.8% Fib retracement level of the recent decline from the $42,235 swing high to $40,900 low is also near the $41,725 level. The next key resistance could be $42,000. To start a strong upward move, the price must settle above the $42,000 zone and then clear $42,230. If the bulls succeed, the price could rise towards the $43,200 resistance zone. Dips Supported in BTC? If bitcoin fails to clear the $42,000 resistance zone, it could start a downside correction. An immediate support on the downside is near the $41,250 level. The next major support is seen near the $41,000 level and the trend line zone. A downside break below the trend line might send the price to $40,750 or the 100 hourly simple moving average. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $41,250, followed by $41,000. Major Resistance Levels – $41,725, $42,000 and $42,500.
submitted by /u/Phreesion [link] [comments]
Square Enix, the Japanese gaming company, is pressing on with its vision of integrating blockchain elements into its games. In a recent interview, president Yosuke Matsuda talked about the importance of user-generated content and the advantages that allowing this kind of development, as well as introducing blockchain-based self-sustained economies, might bring to the future of […]
submitted by /u/anon43850 [link] [comments]
dYdX said that it is looking at full decentralization to offer its users advantages of DeFi that centralized services can’t.
The Swiss firm will conduct all interactions with the Liquity smart contract on its clients’ behalf but only a select few with over $500,000 on the platform will have access to the product.
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