Tags : Surges

Cryptocurrency

Aave surges 50%: What’s behind the meteoric rally?

AAVE, the native governance token of the Aave lending protocol, rose by over 50% within the past day. The rally comes as the entire DeFi market sees a major rally from an overall increase in appetite for the sector. The 30-minute price chart of Aave. Source: AAVEUSD on TradingView.com Why is DeFi and Aave rallying? […]Read More

Market

Bitcoin Surges to $37K After Elon Musk Adds Crypto to

Bitcoin witnessed a sudden double-digit spike to 10-day highs on Friday. The top cryptocurrency picked up a bid near $32,000 at around 08:30 UTC and jumped to $37,050, the highest level since Jan. 19, according to CoinDesk 20 data. The 15.7% rise happened in less than 15 minutes and more than reversed the early dip […]Read More

Bitcoin

Bitcoin surges a day after Grayscale reopens deposits, and it’s

The price of Bitcoin has recovered strongly overnight, rising from around $34,000 to $38,500. The 10% rally coincides with Grayscale reopening its products. Last month, Grayscale closed its products for new investors. Since Christmas, the Grayscale Bitcoin Trust did not report any additional inflow as a result. The Grayscale Bitcoin Trust is the go-to investment […]Read More

Market

Maker’s MKR Token Surges to 2-Year High on DeFi Growth

Prices for MKR, an Ethereum-based governance token, surged to their highest levels in more than two years on Wednesday. MKR was trading at $1,068.53 as of press time, up 44% in the past 24 hours. However, it was trading at $1,251.14 earlier in the day, close to its Jan. 21, 2018, record of $1,798.70. Analysts […]Read More

Market

Number of People Holding Lots of Bitcoin Surges in Rare

Large investors continue to accumulate bitcoin, possibly putting upward pressure on the cryptocurrency’s price. The number of whale entities – clusters of crypto wallet addresses held by a single network participant holding at least 1,000 bitcoin – rose to a new record high of 1,994 on Wednesday. The previous peak of 1,969 reached in 2016 […]Read More

Altcoin

Curve Collateral Surges to $1 Billion Following DAO Launch

Crypto collateral on the Curve Finance DeFi platform has spiked to almost a billion dollars propelling it up the total value locked list to third place. The influx of capital came after a rather perplexing deployment of its governance token and DAO on Thursday. Last week it was Yam—but now it’s Curve Finance’s taking the […]Read More