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DeFi Alliance starts India chapter amid crypto flux in the country

DeFi Alliance starts India chapter amid crypto flux in the country
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Amid rising stablecoin inflow, cautious traders fear a dead cat bounce

Amid rising stablecoin inflow, cautious traders fear a dead cat bounce Strong hands accumulated Bitcoin throughout last week’s historic correction but BTC’s inability to reclaim the $40,000 level has some traders afraid of a dead cat bounce. 40573 Total views Market Analysis The recent extreme volatility in the cryptocurrency market following Bitcoin’s (BTC) dip to $30,000 and the recovery to $38,000 has traders confused about whether the current price action is a ‘dead cat bounce’ which will see token prices head lower or a solid reversal that will set the floor for the next leg higher for the market. While BTC price still remains more than 40% below its all-time high of $64,863, bulls have managed to weather multiple attempts to significantly break below support at $36,000.

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Bitcoin price drops below $34,000, pulling altcoins to multi-month lows

Bitcoin price drops below $34,000, pulling altcoins to multi-month lows
cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.

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DeFi aggregator growth set to dwarf 2020 s volume

DeFi aggregator growth set to dwarf 2020âs volume DeFi users are increasingly turning to aggregators to get the most cost effective trades. 24012 Total views News Decentralized finance aggregators are growing in popularity in 2021 as the embryonic industry continues to expand. Delphi Digital analyst Ashwath Balakrishnan has observed that year-to-date growth for DeFi aggregators puts the sector on track to dwarf 2020âs figures. The researcher noted 1inch, Matcha, and Paraswap facilitated a total $9.3 billion of volume across 2020 â but that as of Feb. 16, the 1inch exchange alone had recorded close to $10 billion in volume in just the first 46 days of 2021. 1/ Aggregators had a breakout year in 2020, with platforms like @1inchExchange and @zapper fi recording significant growth

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How massive Bitcoin buyer activity on Coinbase propelled BTC price past $32K

How massive Bitcoin buyer activity on Coinbase propelled BTC price past $32K The price of Bitcoin surged past $32,000 as buyers on Coinbase aggressively accumulated BTC. 106955 Total views Market Analysis Coinbase has seen a large spike in buyer activity overnight as the price of Bitcoin (BTC) surpassed $32,500 on Jan. 2. Analysts say the trend was reminiscent of MicroStrategy’s Bitcoin accumulation, possibly fueled by institutional buy orders. As a result, BTC surpassed $31,000, reaching a new all-time high. BTC/USD daily candle chart (Coinbase). Source: Tradingview Coinbase buyers were the catalyst for the Bitcoin rally In the last 48 hours, Coinbase has continuously seen a high premium compared to Binance. At one point, Bitcoin on the exchange was $100 more expensive than on Binance.

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