Data shows public interest in Bitcoin is low: Here’s what may be driving BTC higherBTC $11,392 (+2.2%) • ETH $390 (+3.4%) • XRP $0.31 (+8.6%)
The crypto community has been buzzing throughout the past couple of weeks as Bitcoin and the aggregated market show signs of life. Following a multi-month bout of sideways trading within the lower-$9,000 region, BTC bulls finally awoke and drove the crypto past $10,000. From here, it rapidly soared to highs of $12,000 before its ascent slowed. The crypto is now consolidating within the mid-$11,000 region as bulls vie to break above this newly established resistance. Despite possibly being in the early stages of the next full-blown bull market, public interest in Bitcoin and other crypto topics remains incredibly low. This is clearly illustrated while looking towards Google Trend data regarding crypto-related keywords. Because new retail investors clearly aren’t backing this move, what is? More news ⏬The amount of Ethereum locked in DeFi is up almost 30% in a month
As the price of Ethereum rises, the incentive its holders have to sell it increases. Thanks to our premium sponsors⭐️ CryptoAltum - CryptoAltum is a leading trading platform with a special leaning towards digital assets. Its mission is to make crypto trading easy and accessible to everyone. ⭐️ XBTPro Exchange - $250 welcome bonus, zero fees on deposits, and very low trading fees. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. The DeFi issue: Korean behind YFI fork “Asuka” leads $60,000 exit scam
The developer behind Asuka, a short-lived fork of DeFi project Yearn Finance (YFI), conducted an exit scam this morning, with sources noting the loot was between the range of $30,000-$60,000. MCO jumps 36% as Crypto.com’s swap program goes live
Crypto dot com unveiled its MCO swap program on August 3, allowing existing holders to shift their tokens to CRO as the protocol shifts to a unified, singular token system for its mainnet. Cardano (ADA) price forms strong base at $0.13, but transaction volume concerns investors
Cardano (ADA) – like all other digital assets – saw a notable decline yesterday that came about in tandem with Bitcoin’s plunge from highs of $12,000 to lows of under $11,000. Crypto Twitter is trying to figure out why Ethereum is up 50% in 10 days
As most readers are likely aware, Ethereum and Bitcoin faced a flash crash on the evening of August 1. Economist: Gold shows that Bitcoin could see further upside despite “blowoff top”
Bitcoin bore witness to some intense volatility overnight that rivaled that seen in mid-March. Uniswap mania: Crypto investors chase massive gains as hundreds of new tokens surface
Throughout the past few weeks, hordes of retail investors have been lured into the DeFi sector by the massive gains posted by many of the crypto assets residing within this fragment of the crypto industry. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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