CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News. RIPPLE News

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News. RIPPLE News
Bitcoin Signals Downturn, Why BTC Could Fall To New Monthly Low
Bitcoin price is showing bearish signs below $ 18,050 against the US dollar.

After trying to overcome the $ 18,600 resistance, the bitcoin price began a steady decline. Before the BTC price fell below the $ 18,400 level, a high was formed around $ 18,640.
The bulls seem to have lost control as the price is now trading well below the $ 18,500 level and the 100-hour simple moving average. There was a break below the 50% Fibonacci retracement level of the upside movement from the $ 17,644 low to the $ 18,640 swing high.
The price is trading below the $ 18,000 level and signals new losses. It is also below the 76.4% Fibonacci retracement level of the upward movement from the $ 17,644 low to the $ 18,640 swing high.
Bitcoin Price Shows Bearish Signs

First DeFi Cardano project announced as partnership with Bondly Finance
Input Output Hong Kong has announced a new partnership that will enable the first decentralized finance project on the web.

As part of the rollout of Cardano smart contract functionality, IOHK has announced a partnership with Bondly Finance, a company dedicated to bringing flexible and reliable DeFi to everyone.
Bondly will be the first Cardano DeFi project to launch on the blockchain. The partnership will enable the duo to achieve key milestones, including the transfer of Bondly cryptocurrency from the Polkadot blockchain to Cardano, as well as enable escrow and buyer protection on the Cardano blockchain.
Cardano’s smart contract functionality has yet to be implemented in the Goguen era, and Bondly will be able to support building solutions using DeFi.
IOHK partnership with Bondly Finance

Why Ethereum Below $ 550 Indicates A Greater Drop To $ 500-520
Ethereum was unable to overcome the main resistance of $ 580 against the US dollar.

Ethereum made an unsuccessful attempt to break through the $ 580 resistance zone. ETH has hit $ 577 and has recently started a new decline. There was a break below the $ 565 reversal level to trigger another downside move.
Bitcoin price also dipped below the $ 18,000 support and the fluctuations fell below $ 0.565. Ether price broke through the support level of $ 550. There was a clear break below the Fibonacci retracement level of the 50% up move from the swing low of $ 530 to the high of $ 577.

Bank Named Bitcoin Ponzi Launches Cryptocurrency Exchange For Institutional Investors
Singapore’s largest bank DBS Group has launched a cryptocurrency trading platform for institutions.

At the end of October, there was an announcement that DBS Bank had successfully piloted its marketplace, allowing institutional investors to gain access to crypto assets.
Earlier, the banking institution officially announced that it will use blockchain technology to “provide an ecosystem for fundraising through asset tokenization and secondary trading of digital assets, including cryptocurrencies.”

DeFi lending protocol startup Swivel Finance raises $ 1.15 million in seed funding
Swivel Finance raised $ 1.15 million in a seed round run by investment firm Multicoin Capital.

The initial round included investments from Electric Capital, CMS Holdings, Defiance Capital and Divergence Ventures. Several business angels also took part in the round, including Huobi corporate investment advisor Alex Pak and Aave founder Stani Kulekhov.
According to the team behind the project, Swivel will use the new funds to hire additional engineers as well as launch the protocol on the Ethereum mainnet in the next few months.

XRP whale population hit record high ahead of Spark airdrop
XRP sees a record number of whales stabilizing at $ 0.55.

According to the Santiment cryptocurrency data analysis platform, the number of XRP accounts holding more than 10 million tokens has reached a new all-time high of 339.
Santiment estimates that there has been an increase of 10.1% over the past three weeks.
This influx of new whales is most likely driven by the Flare Networks token airdrop, which is expected to take place on December 12th.

Bitwise Crypto Index Fund Makes More OTC Market Day 2 than ETHE
Crypto Index Fund Bitwise, on its second day, did more than Grayscale’s record-breaking Ethereum product.

December 10 trading volume reached over $ 33,000,000, surpassing Grayscale ETHE trading volume by over $ 2 million.
Bitwise began listing its index fund shares in the OTC markets on December 9. This allowed trading without brokerage accounts, whereas previously the Bitwise 10 Crypto Index Fund could only be accessed through private placements at net worth.

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News. RIPPLE News

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