Category: Market Summary

Bitcoin Bounces to Maintain Bullish Structure while Ethereum Consolidates Sideways

Bitcoin Bounces to Maintain Bullish Structure while Ethereum Consolidates Sideways

The cryptocurrency market as a whole is still stuck in a no man’s land as the battle between bulls and bears have yet to come to a conclusion. Bitcoin, however, looks promising with its bullish structure remaining intact. Ethereum, despite yielding strong year-to-date (YTD) returns, still struggling to determine a clear direction. Bitcoin Technical Analysis […]

Continue Reading

Crypto Market Stumbles as DeFi Tokens Plunge, Can UNI Help Kick Start Another Hype Cycle?

Crypto Market Stumbles as DeFi Tokens Plunge, Can UNI Help Kick Start Another Hype Cycle?

Over the past week, the cryptocurrency market has been trending downwards with Altcoins experiencing sell-offs, especially DeFi tokens, many of which have plunged to new swing lows. Nevertheless, not all is lost, as leading decentralized exchange (DEX) Uniswap announced its native governance token, UNI just last week. The DEX surged to the top of the […]

Continue Reading

Trading DeFi’s Governance Tokens May Be Tempting, But There’re Certain Risks

Trading DeFi’s Governance Tokens May Be Tempting, But There’re Certain Risks

Unlike the traditional financial system where almost-zero interest rates are being offered to investors, the exuberant annual percentage yields (APY) offered by many DeFi projects are what brought investors to the yield farming valley. Uniswap is inarguably the pioneer of decentralized exchanges (DEXs) as it caught investors’ attention with high returns for liquidity providers. The […]

Continue Reading

Can the Fed’s Prolonged Low-Interest Rates Lead Bitcoin to the Upside?

Can the Fed’s Prolonged Low-Interest Rates Lead Bitcoin to the Upside?

The Federal Reserve or Fed has announced an “average inflation targeting” plan to drive the annual inflation rate above the standard 2% mark, which will keep interest rates close to zero. The Fed’s new approach to inflation policies signal that interest rates will be kept near-zero in order to achieve the target. Ultimately, these drastic […]

Continue Reading