Bitcoin continues above $10,000, while Ethereum’s free fall has only intensified in the past 24 hours. The DeFi space is also facing major hurdles, but over the past few hours, a lot of DeFi coins have bounced following new developments with SUSHI. SUSHI/USD price chart by Tradingview. Meanwhile, it is essential to note that the price is trading below the 50 and 100 moving averages. SUSHI will have to change these two resistance zones (50 SMA at $2.61 and 100 SMA at $2.65) into support areas to properly gain ground and launch an attack at the triangle resistance, $3.00 and $4.00 levels. Nevertheless, the SUSHI token’s price tanked, losing more than 50% in the moments after the swap, which was somewhat expected. However, there was pain across the entire market as Bitcoin, and other large-cap altcoins lost a serious chunk of their dollar value. Bitcoin Under $10,000 as ETH Fell to Almost $300 SushiSwap’s Sushi Bar is where you can stake SUSHI tokens to earn more SUSHI tokens. If you are wondering where these rewards come from, recall the 0.05% trading fee noted earlier. 0.05% of all trading fees on SushiSwap are added to the Sushi Bar pool in the form of SLP tokens. The increased correlation between Bitcoin and gold materialized again during the past few days. The precious metal dived similarly to BTC following the Fed news to $1,910 per ounce, but it closed at above $1,960 yesterday. Altcoins Recover: The Sushi Coins Skyrocket. Ethereum nosedived to $370 a few days back, but it has followed Bitcoin on the ...
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