Buyers have stepped back into the crypto market and are holding above $10K.
Each time the cryptocurrency has dropped below this level, bargain hunters have leapt into action –aggressively buying and Bitcoin pushing back up. On the chart, this price action is reflected in a series of long wicks around $10K, suggesting strong support.
Elsewhere, Ethereum is moving up. The second-largest crypto has outpaced Bitcoin again this week, gaining 4% while the world’s largest cryptoasset finishes flat. Even further ahead, small altcoins are winning big, with NEO and BNB, now correcting, making stellar gains on the back of new DeFi products.
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The launch of DeFi protocols on smaller blockchains is spurring demand for Ethereum’s competitors. These