Yearn.finance eyes new all-time high — Can YFI price reach the next $66K target?

Cointelegraph

Published Jan 18, 2021 10:00AM ET

Updated Jan 18, 2021 12:00PM ET

As Bitcoin’s (BTC) price has been consolidating in recent weeks, many other crypto assets started to show strength. This was largely expected since altcoins generally do better once BTC cools down.

Lower volatility in Bitcoin means higher volatility for altcoins as the money flows from Bitcoin to altcoins. Ether (ETH), for example, is now looking to break its all-time high almost a month after Bitcoin's surpassed its own milestone.

YFI/USDT 1-day chart. Source: TradingView
YFI/USDT 1-day chart. Source: TradingView
YFI/BTC 1-day chart. Source: TradingView
YFI/BTC 4-hour chart. Source: TradingView

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