Search ForexCrunch

Ethereum price aiming for $800 as institutional investors buy the dip

The largest cryptocurrency trust fund, Grayscale, has recently purchased around 131,254 Ethereum pushing its total to $1.66 billion at current prices. Ethereum has managed to defend a critical support level on the daily chart and it’s aiming for higher highs.

Tezos price shows severe signs of a potential pullback towards $1.7

Tezos has been trading inside a descending wedge on the daily chart since June 2020. Unlike other cryptocurrencies, Tezos hit its 2020-high of $4.49 on August 13 and has been consolidating since then. 

Yearn.Finance price about to rebound as the DeFi protocol reports net income of $3.8 million

Yearn.Finance (YFI) attempted a recovery above $32,00 on December 2 only to retreat below $25,000 at the time of writing. The popular DeFi-token lost over 16% on a week-to-week basis and moved back to the 31st position in the global cryptocurrency market rating. With the current market capitalization of $748 million, YFI goes right after IOTA and Uniswap in the ranking.