Bitcoin and the cryptocurrency market is showing positive growth with most coins in the top 100 showing price improvement. Bitcoin Price Hit $9800 Yesterday as Whales Move $2.4 Billion in BTC, also surpassing those levels along with a sudden spike in the Open Interest. The community is enthusiastic about the upcoming Bitcoin halving event, however, the Novel coronavirus outbreak in China is severely hurting the region’s mining business.
This week saw decentralized finance total value locked increase by 138M from last week to reach all time high of 927M. Throughout the week, the climb was steady and consistent gains. Maker – the leading DeFi product’s dominance is at 58% and locked value in this lending category protocol has surpassed 538M. The rise can be attributed to massively improving Ethereum prices, which account for most of value locked in DeFi products. Ethereum is currently trading at 190$ and gaining further ground, up 12.6% from last week’s price of $166.
References
Bitcoin Price Hit $9800 Yesterday as Whales Move $2.4 Billion in BTC
https://www.coinspeaker.com/bitcoin-price-2-billion-in-btc/
[Sponsored] Phemex Cryptocurrency Derivative Exchange: What Makes it Special?
https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/phemex-cryptocurrency-derivative-exchange-an-educational-overview/
Crypto in 2020 :: Pantera Blockchain Letter, January 2020
https://medium.com/@PanteraCapital/crypto-in-2020-pantera-blockchain-letter-january-2020-75126f9720
Value locked into DeFi protocols has crossed $1 billion
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Agree Defi has a lot of potential
What happened to all them ETH killers?
Ahhh ETH, everyone's favorite double digit Sh*tcoin!
Eth is going nuts. I agree, this is mostly driven by DeFi, and will continue to add value to the Ethereum chain.
Solid info thanks for your time
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Rip Jeff
Good news for Bitcoin and Łitecoin keeps coming from processing expert Johny Moore below ?️♂️
@jonnylitecoin
Great user interface on the PACapp and I am pumped because #Litecoin is one of the first coins it will support!! The key for crypto adoption is ease of use!! ?♀️
I believe Atom, with Defi projects like RUNE and Kava will overtake Ethereum. The platform is superior to Ethereum and is interoperable, massive difference. Ty
Great contents 🙂
Projects are pumping
Given the months of accumulation AND the good news from the US SEC, Algorand is finally GO!
Imma wait to buy at the top… said someone… once
I agree with you Mattie. Ethereum will be the backbone of DeFi and the future of finance!
Let’s go Matty! Remember when it was 800bn
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