Weak stocks and declining DeFi use continue to weigh on Ethereum price
Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000.
Auto Added by WPeMatico
Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000.
Strongly bearish fundamentals act as tailwind to Avalanche's technically bearish setup.
Recession fears mount as a 20% decline in the S&P 500 places stock in a bear market, increasing the chance that BTC and altcoins will make new lows.
FTX US announced on Thursday that the firm has launched an equities trading platform called FTX Stocks which will give U.S.-based customers the ability to purchase stocks and exchange-traded funds…
Bitcoin is holding the $30,000 level, but the $640 million in BTC options that expire on May 20 could result in the price visiting recent lows.
FTX Stocks will allow retail investors to fund their accounts with fiat-backed stablecoins like USD Coin via the FTX US crypto exchange.
A handful of concerning factors, plus AAVE’s correlation with the Nasdaq, increases the possibility of the altcoin undergoing another massive sell-off.
A mix of fundamental and technical indicators suggests more pain for Cardano bulls ahead.
The exchange, known as XTAGE, is currently scheduled to launch in Q2 2022.
APE risks crashing into unchartered price territory as it follows Bitcoin and the rest of the crypto market.