The crypto world saw many ups and downs throughout the past week as Bitcoin price volatility saw a couple of major dips as well as recovery post the infamous Monday market crash of nearly $10k.  The top cryptocurrency is currently trying to consolidate its position above $37,000. Other major headlines of the day include, Kraken The post Today in Crypto: Kraken Delists XRP, BlackRock Sells Major Stake in Chinese Telecom & More appeared first on Coingape.

Real-world applications and users, not institutional investors, will challenge the failing fiat currencies and increase Bitcoin adoption around the world.

Altcoin Daily founder and crypto trader Austin Arnold is unveiling a list of nine cryptocurrencies that he says have the potential to erupt this year. At the top of Arnold’s list is the leading smart contract platform, Ethereum (ETH).

XRP was unable to breach the $0.3 level of resistance as it traded in the $0.28 region, even as announcements of it being delisted from popular exchanges rolled in. Tron flipped a level of resistance to support but did not possess strong upside momentum, and Dogecoin was quiet on the charts as well.

Russia is now holding more gold than U.S. dollars in its reserves for the first time, according to the latest report by Russia’s central bank.

Participation in the DeFi and staking ecosystems has seen explosive growth over the last year, with the combined sectors currently accounting for over $50 billion in value. DeFi growth was predominantly fueled by the breakthrough success of Ethereum-based projects such as Aave, Compound, and Uniswap, utilizing ERC20 stablecoins like USDC and Dai to generate yield.

Ethereum broke the $1,200 resistance to move into a bullish zone against the US Dollar. ETH price is showing positive signs and it is likely to continue higher above $1,300 and $1,400.

The growth of decentralized finance (DeFi) has exploded over the last year, beginning with less than $1 billion in total locked value to almost $20 billion currently. DeFi has created transactional opportunities that were previously impossible without blockchain technology, unlocking additional value for users that was previously captured by third parties.

Bitcoin price is struggling to clear the $38,000 and $40,000 resistance levels against the US Dollar. BTC is currently consolidating above $36,000 and it remains at a risk of a downside break.

While Bitcoin (BTC) has been trading currently in downward pressure of around $36,250, institutions and whales have started accumulating once again. The Bitcoin (BTC) price is down by more than 10% over the last week, and Grayscale Bitcoin Trust (GBTC) has entered a buying spree once again.