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Despite Ethereum being the backbone for the rapidly growing decentralized finance ecosystem, the cryptocurrency has been severely underperforming Bitcoin throughout the past few weeks.
Bitcoin has entered what appears to be a consolidation phase following its latest bout of volatility.
Ethereum has been seeing immense underlying strength as of late due to the progress towards the ETH 2 network upgrade, which is expected to help drive further development activity and usage to the platform.
Another day, another billionaire investor foraying into Bitcoin.
Ethereum’s price ended its stagnation phase today after news broke regarding the deployment of the ETH 2 contract address that has been highly anticipated for many months.
The presidential elections have long been looked upon as a serious catalyst for economic trends, with potential changes in power often altering the global markets’ course.
Following the OKEx founder’s arrest that resulted in over 200,000 BTC being caught in limbo due to him being the sole holder of the multi-sig withdraw keys, Bitcoin investors have been wary of holding their coins on centralized exchanges.
The DeFi sector has been caught in the throes of a relentless selloff over the past two months, with bulls unable to gain any traction as many of the tokens sink against USD and Bitcoin.
Ethereum has been severely underperforming Bitcoin throughout the past few days and weeks, with the second-largest cryptocurrency by market capitalization currently trading far below its yearly highs.
As the DeFi market’s momentum continues stagnating, return hungry crypto investors have been flocking to presales and new token listings to try to garner massive profits in a short amount of time.
The DeFi sector has been struck hard by the recent market-wide downturn seen throughout the past couple of months.
PayPal made waves in the crypto market today after announcing that its users will now have the ability to buy, sell, and pay for items using digital assets like Bitcoin and Ethereum.
The Uniswap governance token has been seeing some immense turbulence in the time following the launch that took place just a few weeks ago.
During the course of the recent decentralized finance bull run, SushiSwap was one of the favored platforms amongst investors and farmers, as users could buy Sushi tokens and farm massive yields while also trading on a Uniswap-forked DEX.
Curve is by far one of the most popular platforms used for stablecoin swaps, cross-chain interoperability, and synthetic assets.
The crypto industry was struck with another unexpected development last night that sent shockwaves throughout the market and caused Bitcoin’s price to reel lower.
Filecoin’s mainnet launch has long been highly anticipated, with a plethora of retail and venture capital pouring into the cryptocurrency’s 2017 initial coin offering, which raised over $205 million.
The Ethereum network has been placed under immense strain in recent months, with the ongoing DeFi trend driving massive demand to the network as traders begin utilizing decentralized exchanges and providing liquidity to various protocols.
The Bank of England Governor, Andrew Bailey, has long been a critic of Bitcoin and crypto, offering scathing remarks in the past regarding the inherent value of digital assets.
BitMEX has long been a polarizing platform within the crypto industry, with it being the trading venue of choice for those utilizing margin, while also contributing to some of the most precarious price movements ever seen by Bitcoin.