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Aave Dominates DeFi Rally, Grabs 31% of $49B TVL Increase – AabeyLLC Crypto
Since April, decentralized finance (DeFi) protocols have added approximately $49 billion in net total value locked (TVL). Interestingly, Aave accounted for around $15 billion of this increase and represented roughly 31% of the total growth across DeFi platforms during the period. Aave Leads the Pack The latest figure means that for every $10 billion added…
Whale sell-offs threaten XRP’s rally despite bullish forecasts
XRP was trading within a symmetrical triangle at press time. Nonetheless, whales were applying downward pressure through considerable sell-offs, which, in turn, could affect retail investors. While there is a glimmer of hope—marked by a slight 0.92% gain in the most recent daily trading session—the overall indicators suggest that XRP is not yet ready for…
Crypto Market Drops as Fear Index Rises and Bitcoin Falls
The global crypto market has witnessed a sheer downturn over the past 24 hours. In this respect, the total crypto market capitalization has hit $2.44T following a notable 4.00% dip. However, the 24-hour crypto volume has surged by 17.70% to reach $111.95B. At the same time, the Crypto Fear & Greed Index has dropped to…
Fed Cut Wipes Out Leverage as Bitcoin Supply Ratio Drops
TL;DR Bitcoin’s exchange supply ratio fell to 0.029, showing fewer coins available for trading on Binance. Perpetual open interest dropped from 395K BTC to 378K BTC after the Fed’s rate decision. Analysts track $116.7K and $113K as key levels as Bitcoin consolidates near yearly highs. Exchange Supply Ratio Declines on Binance Bitcoin’s Exchange Supply Ratio…
