Bitcoin Is Money says France, as Industry Cheers Bullish Week for Crypto. DeFi may be leading the Ethereum counter trend this morning.

Decentralized Finance (DeFi), the big one for the ecosystem is back over $1 billion in value, locked up in DeFi platforms. Ethereum is also highly correlated to Bitcoin, so Bitcoin’s price decline from $10,500 to $8200 over the last three weeks has also impacted Ethereum prices. The second largest crypto had a 25% drawdown in price mirroring Bitcoin’s slump. Bitcoin BTC miners have set a fresh all-time high in terms of computing power they are willing to dedicate to validating transactions.

References:

Bitcoin hashrate crosses 150 quintillion
https://cointelegraph.com/news/bitcoin-hash-rate-passes-record-150-quintillion-as-price-reclaims-9k
https://cointelegraph.com/news/hash-rate-and-bitcoin-price-during-mining-events-are-they-related
Why did bitcoin go below $9000
https://cryptopotato.com/the-reason-why-bitcoin-price-crashed-500-plustoken-scam-moved-another-13000-bitcoins-worth-118-million/
Why is Ethereum outperforming the market

Ethereum is Outperforming the Market Today, Here’s Why


https://www.forbes.com/sites/justinoconnell/2020/03/05/venture-capitals-view-of-defi/#34dcc93132a0
After India and South Korea, France Legalizes Cryptocurrency
https://beincrypto.com/france-says-bitcoin-is-money-as-industry-cheers-bullish-week-for-crypto/———
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20 COMMENTS

  4. I hope BTC continues to drop, dragging alts with it so as to present a clear buying opportunity. At the moment I do not believe that BTC represents an attractive buying opportunity.

  12. DEFI applications are ALL moving to ETC right now. Soon to drop ETH which is controlled & manipulated by secret billionaires.
    There's a big difference between Hard Money & currencies. Except for BTC LTC & ETC all other cryptocurrencies are just that; currencies.

  14. Nahhh… ONLY safeguard your fiat currency savings into Hard Cash like BTC & ETC & Gold… ALL other cryptocurrencies are just that, currencies… most of them privately owned, centralized & manipulated. Time to strategize without greed… be smart with your hard earned.
    Bonds worked until now but the risk of governments not paying them back is so vast that they've become HIGH RISK. No thanks.
    BTC & ETC will save your savings from your governments.
    All DEFI developments on ETH are moving to ETC right now.

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  18. Hey guys thanks for the video today, seems slow today.. even tho there is lots of news. could you possibly take a look at TROY staking sometime? thanks!

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