AnalysisCryptocurrency news

YFI’s Rise Against Bitcoin (BTC) Continues

YFI’s Rise Against Bitcoin (BTC) Continues

September was a hard start for the cryptocurrency markets. While leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have been in decline, several altcoins have managed to perform well even in this market.It has not been a good week for Bitcoin and the crypto market in general. However, while almost the entire market is in decline, there are also altcoins that keep investors happy.

After a two-day drop of about $ 1,440, Bitcoin is trading at $ 10,774 as of writing. For now, the days of Bitcoin’s $ 11,000 support level since the end of July are over. The leading cryptocurrency is approaching the $ 10,500 level not seen since the beginning of August.However, considering that Bitcoin is the leading cryptocurrency pair in the market, it is not surprising that the decline is seen throughout the cryptocurrency market.

Ethereum, the second largest cryptocurrency in terms of market value, ended in the rise in recent months and ETH fell to $ 390 after reaching the $ 488 level.

YFI, the shining star of the last days, experienced a correction after touching the $ 40,000 level. However, despite the general downturn of the market today, resisting the current situation, it has managed to stay stable and yfı token has increased by over 5% today.

When we look at it per unit, YFI has become three times more valuable than Bitcoin.

Another crypto currency that made the investor laugh was TRON (TRX). TRON has not experienced such a sharp price increase in over a year, and the coin, which has not been traded above $ 0.0425 since 2018, has increased by nearly 40% in the past 24 hours.With the increase it has experienced, we will see what will happen in the upcoming days in TRX, which shows the best performance among the top 100 cryptocurrencies by market value.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton he is the editor-in-chief of the news portal. Blockchain is love.

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