Yearn Finance (YFI) price has dropped a massive 43% in the last five hours and shows no signs of stopping. This move comes on the weekend when the trading volume is generally low and manipulation is relatively easy. Yearn Finance’s YFI token rallied a whopping 167% in just nine days between November 8 and 17. The run-up in crypto prices over the last few weeks was mainly due to the ETF approval. But since the SEC has clearly delayed this decision, the approval is likely to come in January 2024. Hence, investors are likely to book-profits, which could trigger a market-wide correction.
Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!
Android: https://links.hashd.co/android
Comentarios