Cryptocurrency Market News Live Updates Oct 12th: DeFi Tokens At Crucial Support

Cryptocurrency Market News Live Updates Latest News: The Crypto market continued to face bear wrath and dropped even some of the major cryptocurrencies to their crucial support zone. Tomorrow, the investor will keep a close eye on the release of the Consumer Price Index for September, which will significantly influence the market’s near future.

The Bitcoin price currently trades at $19303, with an intraday gain of 0.19%, whereas the smart contract giant Ethereum trades at $1297 and shows a 1.36% gain.

Buying opportunities arise in DeFi tokens.

Pancakeswap(CAKE):

The CAKE/USDT token has been strictly following a support trendline over the past four months. This ascending trendline assisted traders in maintaining a steady uptrend despite bearish market sentiment.

The CAKE price currently trades at $4.49 and shows an intraday loss of 0.4%. Amid the recent sell-off in the crypto market, altcoin retested the combined support of a rising trendline and $4.5. A post-correction rally should bolster coin buyers to surpass $5 marl.