in

Ethereum: volumes exceed those of Bitcoin

Ethereum: volumes exceed those of Bitcoin


The fourth day of ups and downs, with volumes of Ethereum still outpacing those of Bitcoin. Unlike yesterday, today the red sign prevails with over 70% of cryptocurrencies in negative territory.

Source: COIN360.com

Among the big names, Uniswap (UNI) continues to impress today, recording another double-digit rise (+13%). Uniswap’s prices have been at all-time highs since yesterday, attempting to break through the psychological level of $14.5. 

UNI 20210127

Among the big names, the other crypto assets rising are Aave, which is up 5%, and Binance Coin (BNB) which manages to stay just above par. 

The day is also particularly euphoric for tokens in the decentralized finance ecosystem. Also on the rise are 0x (ZRX), Compound (COMP), Matic Network (MATIC), Loopring (LRC) and Synthetix (SNX), all up over 3%.

Volumes, the flippening of Ethereum

The day’s red sentiment has affected the market cap, which is back below $925 billion

Volumes continue to contract. The rare event is the flippening of Ethereum volumes against those of Bitcoin, for the third consecutive day. Total volumes on Ethereum are close to $7 billion, a difference of over $200 million between ETH and BTC. This highlights the study period after the strong rises of recent weeks. 

Bitcoin’s dominance gains slightly, back above 63%, with Ethereum consolidating its market share records of the past 30 months, above 16%. 

DeFiPulse 20210127

Total value locked on DeFi protocols remains at the highs of recent hours, above $25 billion total. The number of tokenized bitcoin continues to increase and today exceeds the 44,000 BTC mark, the highest level since December 15th.

Maker maintains the lead with over 4.6 billion in dollar value, followed by Aave and Compound. 

BTC 20210127
Bitcoin chart by Tradingview

Bitcoin (BTC)

Bitcoin continues to remain caged in the range that has characterized the fluctuations for about 7 days. After the high volatility of the past few days, traders are relaxing. The same indications remain valid, waiting for the upward or downward break of the side channel. 

ETH 20210127
Ethereum chart by Tradingview

Ethereum (ETH)

Ethereum, after having reached all-time highs, 48 hours later sees profit-taking continue to prevail, which does not disturb the trend, remaining solidly set to the upside. 

Prices are in the 1,300 dollar area. For Ethereum too, the indications already written in the last days remain valid. 






Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Bitcoin Falls Below $30,000 – Trustnodes

Bitcoin Falls Below $30,000 – Trustnodes

Wallet app for CommerceBlock's bitcoin sidechain protocol now operational

Wallet app for CommerceBlock’s Bitcoin sidechain now operational » CryptoNinjas