Analysts see the cryptocurrency's price as remaining range-bound.
The market is holding that price floor well as large investors return.
In digital assets, high yields are ubiquitous, but it’s not always clear what risks are actually taken to generate these yields, says our columnist.
“After this eight-day rally, bitcoin may well need to reset,” one analyst said.
Shares of the popular zero-commission trading app opened down as much as 10% on Thursday before closing the day down 8.4%.
DeFi has challenged many aspects of traditional capital markets including the creation and discovery of alpha returns, says IntoTheBlock's CEO.
Users can now open USDC positions and stake CVI USDC through the index.
Lower support is seen around $34,000-$36,000, which is the middle of a two-month range.
Analysts expect bitcoin to pause at around $40K before its next leg up.
Data underscores that It’s not that easy to win over a crypto trader’s heart.
Even while pressure mounts to taper its asset purchases, the central bank will continue its accommodative quantitative easing.
The GBTC shares traded at a discount of 6.6% to net asset value (NAV) on Tuesday, the smallest margin since June 22.
Lower support near $36K could stabilize a pullback.
Ripple's xRapid cross-border payment service allows customers to transfer funds using XRP, making transactions faster and cheaper.
Ether outperformed bitcoin in terms of volume growth and price performance.