Market Wrap: Bitcoin Hits $18.8K as Total Crypto Locked in DeFi Passes $14B
Bitcoin is testing $19,000 as DeFi hits another milestone in total crypto locked.
Bitcoin price is flirting with $10,800 territory while DeFi soldiers on.
Bitcoin’s price hit $13,600 before retrenching while some investors pulled crypto out of DeFi.
Bitcoin’s price takes a break while DeFi value locked is at record levels.
Despite $4B worth of BTC and ETH being locked in DeFi over the past five months, the two top coins still account for less than half of the sector’s TVL The recent explosive growth of decentralized finance (DeFi) has seen the sector lock nearly $4 billion worth of Bitcoin (BTC) and Ether (ETH) in less than five months.According to DeFi Pulse, the number of Ether locked up in DeFi protocols increased 218.5% since June, growing from 2.7 million ETH to 8.6 million ETH. Locked Bitcoin has grown more than 3,000%, from 5,000 BTC mid year, to roughly 158,800 BTC today. On October 14, crypto asset....
The U.S. dollar value of the cryptocurrency liquidity locked up in decentralized finance is surging, buoyed by big gains for some lesser known projects.