Tezos has seen some strong price action in recent weeks, with its price facing some choppy trading throughout the past couple of days.
It appears that the cryptocurrency’s recent price action has become decorrelated from that seen by Bitcoin and the rest of the market, and is showing some striking similarities to that seen by Chainlink over the past few days.
The growth in Ethereum’s decentralized finance space has been one of the biggest wealth-generation events in the crypto space of the past year. Coins pertaining to “DeFi,” as this part of cryptocurrency has been dubbed, have literally gone parabolic. Simultaneously, there have been extremely high yields/interest rates offered on certain DeFi products.
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There was a strong increase in bitcoin price above the $11,000 and $11,500 levels against the US Dollar. BTC even broke the $12,000 level and traded to a new multi-month high above $12,100.
A high was formed near $12,115 high before the price crashed more than $1,500. It broke many key supports near $11,500 and $11,000. There was a spike below the $10,850 support, but the price stayed above the main $10,500 support zone.
Democrats and Republicans laid out their competing versions of the relief package. One of the key sticking points concerned the unemployment assistance. The Republicans offered to reduced the federal boost to $200 per week. Nevertheless, the Democrats want the House to keep the relief at the old level of $600 a week.
The crypto exchange and trading giant OKEx has recently announced four new partnerships to expand the real-world usage of its adopted utility OKB token. The partnership with trading bot platforms HaasOnline and Cryptohopper, decentralized exchange – Saturn Network, and the smart contract platform – MyWish now allows token holders to spend OKB for making payments at more than 70 designated merchants and service providers.