Ethereum’s uptrend may be overheating as investor profitability reaches historic highs
BTC $11,225 (-1.4%) • ETH $389 (-0.5%) • XRP $0.299 (-4.4%)
|CryptoSlate||Aug 4|| 2|
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?
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Decentralized finance has attracted much interest from all corners of the world in recent months.
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The huge crypto crash that took place on Sunday could have been much worse if it weren’t for OKEx’s risk engine.
Yearn.finance has quickly become a flagship product of Ethereum’s decentralized finance (DeFi) space.
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