menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Crypto Mar...
source image

Coindoo

3w

read

114

img
dot

Image Credit: Coindoo

Crypto Market Awaits Breakout as Total Cap Compresses Near Key Levels

  • Bitcoin (BTC) and Ethereum (ETH) are holding steady near key price regions, indicating a potential breakout in the market.
  • Chart analysis by DaanCrypto shows the total crypto market cap repeatedly testing boundaries around $3.33 trillion and $3.19 trillion, hinting at an imminent decisive move.
  • The DeFi sector is witnessing a surge, with platforms managing nearly $60 billion in assets due to increased institutional participation and demand for tokenized real-world assets.
  • Leading DeFi protocols like Aave and Maker are experiencing growth in deposits, highlighting the renewed interest in DeFi yield opportunities.
  • The market's compression alongside DeFi's growth creates a potentially bullish setup, with historical patterns suggesting a breakout after tight consolidations in the total crypto market cap.
  • A breakout above $3.33 trillion or below $3.19 trillion could determine the next major trend in the broader crypto space.

Read Full Article

like

6 Likes

For uninterrupted reading, download the app