NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Yearn Finance (YFI) Dips 25% in Five Days; More Downsides Ahead?

Yashu Gola
Yashu Gola
4 years ago
3 mins read
YFI, YFIUSD, YFIBTC, YFIUSDT, cryptocurrency

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Yearn Finance’s governance token YFI logged further losses in a bearish correction that saw its price crashing by 25 percent this week.

The YFI/USD exchange rate plunged more than 5 percent on Friday to an intraday low of $22,030, further foreshadowing its 328 percent price rally between November 5, 2020, and December 3, 2020. So it appears, traders who profited from the YFI’s volatile upside move decided to secure their profits. The sentiment pushed the token’s per-unit prices lower.

A “Conglomerate” in Making

That happened despite the growth of Yearn Finance’s decentralized finance (DeFi) ecosystem. The distributed yield aggregator entered strategic mergers with SushiSwap (a decentralized exchange), Pickle Finance (a liquidity pool for top stablecoins), CREAM Finance (a lending platform), Cover Protocol (a smart contract insurance protocol), and Akropolis (a distributed pension fund).

It appears likely that the Yearn Finance partnerships prompted traders to increase their bids for YFI, a token that earns its value from the project’s revenue and voting features. Its price, thus, rallied exponentially in a month-long timeframe, only to see the upside momentum getting overheated. As a result, the YFI/USD retraced lower this week.

YFI, YFIUSD, YFIBTC, YFIUSDT, cryptocurrency

Yearn Finance ecosystem is among the most emerging ones in the DeFi factor. Source: Electric Capital

Having said that, the correction appears like a natural response to an unstable momentum growth. However, it does not take away the Yearn Finance’s long-term growth outlook, now that the project is emerging as a conglomerate in its own right.

“In short,” stated Messari researchers Ryan Watkins and Jonathan Otto in their recent note, “while Yearn, the protocol, is a coordination mechanism for efficient capital allocation, Yearn, the ecosystem, aims to be a conglomerate of symbiotic financial protocols that increase the capital efficiency of DeFi as a whole.”

“The greater the capital efficiency in DeFi, the greater the opportunity for Yearn to scale its operations,” they added.

YFI Price Outlook

Yearn Finance is looking to become the DeFi industry’s centerpiece for capital allocation if everything goes correct. And at the heart of the protocol’s growth is adoption for YFI, a token that is now falling due to psychologically-induced technical setups.

Indeed, YFI/USD has now confirmed that it is pursuing a Head and Shoulder trade setup. Traders believe the pattern is bearish — because it typically sends the price lower by as much as its maximum height. With that logic, YFI/USD is now looking to extend its 25 percent correction move by another 30 percent. That brings its price target to approx $15,200.

YFI, YFIUSD, YFIBTC, YFIUSDT, cryptocurrency

Yearn Finance looks to fall towards $16K if the corrective sentiment sustains. Source: YFIUSD on TradingView.com

Meanwhile, support levels around $21,600 attempt to hold the price from keep falling. If they succeed, then YFI could retrace its rally upward, hitting $28,555 first before it makes a move towards $30,000 — and eventually its record high near $44,000.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Drops Below $115K as Traders Rush to Exit, But a Rebound Could Be Next

Bitcoin Drops Below $115K as Traders Rush to Exit, But a Rebound Could Be Next

Bitcoin (BTC) is navigating a period of heightened uncertainty as its price struggles to regain upward momentum following recent declines....

Samuel Edyme 1 day ago
bitcoin

Bitcoin Derivatives Data Signals Fear As Binance Net Taker Volume Turns Bearish

Earlier today, Bitcoin (BTC) briefly fell below $115,000 – hitting a low of $114,116 – triggering panic selling across major...

Ash Tiwari 1 day ago
pump fun

Εκτοξεύεται το Pump Fun: Θα ακολουθήσει νέα άνοδος 20% μετά το τελευταίο ράλι;

Το meme coin Pump.fun (PUMP) επανέρχεται δυναμικά στο προσκήνιο με μια εντυπωσιακή ανοδική πορεία, καθώς μέσα σε μόλις 24 ώρες...

Ιωάννης Ριζόπουλος 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Satoshimeter Shows Where Bitcoin Price Is In This Cycle

Scott Matherson 22 hours ago
Ethereum

Ethereum Price Crash: What’s Happening And Where ETH Is Headed Next

Scott Matherson 1 day ago
Bitcoin’s $115K Struggle: Is a Deeper Drop on the Horizon?

Bitcoin’s $115K Struggle: Is a Deeper Drop on the Horizon?

Samuel Edyme 1 day ago

Premium Sponsors

Press Releases

  • Use Quid Miner cloud mining mobile app: easily earn passive...

    1 day ago
  • Najlepšia Kryptomena na Investíciu v Auguste 2025 – HYPER, MAXI, T6900, SNORT, SUBBD, BEST, ETH

    Najlepšia Kryptomena na Investíciu v Auguste 2025 –...

    2 days ago
  • A must-read for miners in 2025! ETHRANSACTION is disrupting...

    2 days ago
  • XRP vs. ETH vs. BTC: Ktorá kryptomena vedie tento týždeň na trhu?

    XRP vs. ETH vs. BTC: Ktorá kryptomena vedie tento...

    2 days ago
  • Nejlepší kryptoměny k investování v srpnu 2025 –...

    2 days ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.