Daily Crypto News

March 25 Daily report: Bitcoin Breaks $53K, Ethereum’s Non-Exchange Whales Record the Highest Tokens, IOTA Partners with Cartesi to Strengthen Defi, Chainlink Whales Sell With Little Support Ahead and Theta Pushes Mainnet 3.0 Launch to June

Bitcoin Breaks $53K

Bitcoin price attempted a recovery above $56,000 against the US Dollar, but it struggled above $57,000. Bitcoin breaks $53,200 after trimming even at the support zone. Bitcoin extended its decline below $53,200 and $53,000 support levels. The price is now trading well below $54,000 and the 100 hourly simple moving average.

Ethereum’s Non-Exchange Whales Record the Highest Tokens in their Custody Since 2016

Ethereum is eyeing the $2,000 mark once again but has failed to break it. Currently, the second-largest cryptocurrency is down by 6% in the last 24 hours to trade at $1,571.60 at the time of writing. Defi, together with the launch of Ethereum 2.0 in December 2020, has been the backbone of Ethereum’s current bull run. 

IOTA Partners with Cartesi to Strengthen Defi Use Cases

IOTA and Cartesi have partnered to close the gap between the traditional world and blockchain while also enhancing Defi and NFT use cases. “After several technical meetings over the last years, we see an integration path forward that will bring tremendous opportunities for Defi, Gaming, NFT, and industrial IoT.” – commented Cartesi CEO, Erick de Moura.

Chainlink Whales Sell With Little Support Ahead

The LINK token of the Chainlink decentralized oracles platform seems primed for high volatility as it edges closer to a breakout point. Only a daily candlestick close above the $29 resistance barrier could save LINK from a 43% correction. This crucial supply barrier suggests that bulls will struggle to push prices up.

Theta Token Dips by 20% as Theta Pushes Mainnet 3.0 Launch to June

Theta’s Mainnet 3.0 launch, which was previously anticipated for this April, has been pushed back to June 30, 2021. Additionally, the team is still working on developing building blocks for a non-fungible token (NFT) marketplace on Theta Mainnet 3.0. Since January 1, 2021, the THETA token experienced a growth of more than 450%.

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