Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Hodling
Crypto Market Is HODLing Today: Ethereum ETF, Bitcoin, Memecoins
The post Crypto Market Is HODLing Today: Ethereum ETF, Bitcoin, Memecoins appeared first on Coinpedia Fintech News The last ten days recorded a daily average $200 million inflow into Bitcoin Spot ETF, Friday aline registered $385 million, and on Tuesday exceeded $ 530 million. Despite increased inflows spot BTC ETFs, the Ethereum Spot ETF approval news the total crypto marketcap is down 1.32% today. TOTAL hovers around to $2.4 Trillion from the past 3 days days. This is anticipated to…
11 months ago
Beyond HODLing: How to Earn Passive Income with Bitcoin in DeFi
Earning a passive yield through DeFi lending and borrowing protocols such as Compound, MakerDAO, and Sumer.money is one of the efficient ways investors can fully optimize their idle crypto portfolios. However, while the DeFi market has opened up passive income opportunities, most of them are only compatible with Proof-of-Stake (PoS) blockchain networks. This explains why Ethereum currently accounts for more than half of the total value locked (TVL) across DeFi protocols: $52 billion, while the total across all blockchains stands…
1 year ago
Is Holding Cryptocurrency A Good Long-Term Strategy?
For most of their history, cryptocurrencies have been viewed by the mainstream as glorified gambling tools. In 2017, multi-millionaire life coach Tony Robbins said that buying Bitcoin was like “going to Vegas.” Innumerable others, including Warren Buffet and Peter Schiff, have criticized the asset class as lacking any ‘intrinsic value.’ Despite years of ridicule along these lines, it appears that the nearly $1 trillion asset class is here to stay. Therefore, cryptocurrencies may provide more opportunities for profit besides serving…
4 years ago
Mining, Day Trading, or Hodling: Which One is More Lucrative?
The cryptocurrency world has its share of success stories and tales of bankruptcy – including scams. However, over a decade since cryptocurrencies became a reality, the sector has advanced rapidly to the present-day solid, stand-alone market. Knowing how to invest in cryptocurrency may seem complicated, especially for beginners in trading, but it can be a profitable venture with the correct information. In today's guide, we will focus on mining vs. day trading vs. hodling; thus, read on to find out…
4 years ago
Cryptocurrency Trading Strategies Best for a Bear Market
A bear market occurs when a progressive downtrend for a specified period exists. Trading cryptos without a plan with your hard-earned money away because of the market's volatility. With bearish markets, trading strategies vary, and they are a new trader's worst nightmare. Bear markets are what differentiate wannabes from experienced crypto traders. They command discipline, knowledge, and profits for resilient traders. This guide seeks to find the best tips on approaching a bearish market to overcome the main obstacles –strategies,…
4 years ago
4 Signs One Should Stop Hodling
The term hodling was first coined in the most unexpected of ways. An old bitcointalk post had a user proclaim that he would hodl, a miss-spelling of hold, onto his bitcoins even when prices plummet. Admittedly, he had gobbled a fair share of whiskey before the post. So to hodl or not to hodl, what signs show it's time to sodl? Unfortunately, Sodl is a miss-spelling of the word sold, implying selling one's crypto. Well, the article shall delve deep…
4 years ago