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New Data Shows Bitcoin Captured Net Gains For Six Consecutive Months

According to Bloqport’s latest data, bitcoin, which ended the month of March with an overall gain of 29%, has now been in the green for six consecutive months. The data also shows that the crypto asset’s value has nearly doubled from its December 2020 closing price of $29,383 to its current value of $58,647. With this run, bitcoin has already outperformed many other assets including gold. An Institution-Fueled Bull Run As shown by the research and analytics firm’s data, BTC’s current run began at the start of Q4 of 2020, a period that coincides with increased reports of institutional investors…

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Defi Boom: Bubble Fears Grow as ‘Toxic’ Community Disagrees on Way Forward

The decentralized finance (defi) space is headed for an implosion unless the divided community leaders step forward with solutions. This is discernible from September 13 Sunday morning tweets by some influential players in the defi space wherein they attack each other. Waves blockchain creator Sasha Ivanov kicked things after depicting current defi ecosystem as Ponzi 2.0 and not the much talked about finance 2.0. Sam Bankman-Fried (SBF), the current leader of Sushiswap, expresses fears that yield farming food tokens are in fact propagating the decentralized finance (defi) bubble, while the Yearn Finance creator, Andre Cronje believes liquidity fragmentation to be…

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Bitcoin’s 10% Drop Shrugged Off – Traders Expect More Big Dips On the Way Up

Bitcoin investors are shrugging off the recent drop in value that saw a loss of over 10.9% on Sunday. A number of speculators believe the price is still very bullish but expect some more big dips along the way. Meanwhile, optimism has been cushioned as onchain statistics show that exchange withdrawals also surpassed deposits on Sunday. This past Sunday, bitcoin (BTC) took a price hit and the entire crypto market followed it’s downward slump from a high of $12,000 to below $10,700 losing 10.9% in value. The sharp drop was quick and even though a decent amount of value was…

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5 Reasons Why Crypto Market is On the Verge of an Altcoin Season

The crypto market seems to be on the verge of revisiting the domain of an alt-season. Not only DeFi, but also other altcoins have been in a bullish trend for the last couple of weeks, while Bitcoin has basically stayed put. The disconnect between the bull markets in mid-cap altcoins and Bitcoin price is forming a strong case of altcoin run. The average gain of top 20 cryptocurrencies by market cap is over 6%, while Bitcoin is trading in the $100 range around $9265. Moreover, the traders seem to be favouring mid-cap altcoins over top cryptos like Ethereum [ETH], XRP, Bitcoin…

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