Bitcoin Dominates $3.4 Billion October Crypto Inflows—What’s Behind the Boom?
Investment activity in digital assets surged almost throughout October, as crypto investment products, especially that of Bitcoin, experienced substantial inflows, according to the latest data released by CoinShares. Last week alone, global crypto funds attracted $901 million in net inflows, pushing the total for the month to $3.4 billion. Related Reading: Bitcoin Price Rebounds Above $67,000 As Whales Continue to Accumulate Bitcoin Dominates Inflows As Ethereum Sees Outflows According to CoinShares, out of the total fund flows recorded, Bitcoin-centric investment products captured the....
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As 2022 begins, 13 different cryptocurrency exchange platforms have more than a billion dollars each in digital currencies held in reserves. Between all 13 trading platforms, the group of exchange platforms hold a whopping $165.25 billion worth of bitcoin, ethereum, and tether.
13 Crypto Exchanges Hold a Billion or More in Crypto Equalling Over $165 Billion in Assets Under Management
At the time of writing, the crypto economy is worth $2.3 trillion and 7.10% of the aggregate or $168 billion is made up of stablecoins. Furthermore, statistics on January 2, 2022, indicate that 13....
The total value locked (TVL) in decentralized finance (defi) has jumped back above the $200 billion range, hovering around $216.49 billion on Saturday morning (EST). The TVL in defi has increased 13.60% since tapping a low of $190.57 billion 13 days ago on January 23. The decentralized exchange (dex) Curve’s $19.41 billion TVL dominates the total value locked by 8.84%
Ethereum’s Defi TVL Dominates by 61% Increasing 10% During the Last Week, Cross-Chain Bridge Value Jumps 16.2% in 30 Days
The value locked in decentralized finance (defi) has climbed higher since the....
As the crypto economy nears the $2 trillion mark, the total value locked (TVL) in decentralized finance (defi) has risen above the $200 billion zone after slipping below that range for most of the year. While the TVL in defi dropped 0.51% during the last 24 hours, statistics show the TVL today is hovering around $210.29 billion with Curve Finance dominating by 8.75%. Defi TVL Rebounds, Ethereum Classic Spikes, Weekly NFT Sales Increase by 32% The value locked in decentralized finance has once again risen above the $200 billion mark as it’s been coasting along at $210.29 billion on....
Bitcoin’s dominance of the crypto market has been on the rise. This naturally comes with every downtrend in the market because although bitcoin takes a hit, the altcoins always record the worse losses, leaving them with less dominance of the market. Bitcoin’s dominance has however not stopped here. It has now spilled onto the derivatives market where the dominance of the pioneer cryptocurrency is even more apparent. Bitcoin Open Interest Surges The general open interest in the crypto market has been on a decline since the market took a hit in December. This is currently sitting at about....
The Indian cryptocurrency industry is experiencing massive growth. New traders are flooding crypto exchanges, executives from four of the largest crypto trading platforms in India exclusively told news.Bitcoin.com. They also share their views on what drives the Indian crypto market, current traders’ sentiment, and institutional interest in crypto in India. Massive Growth of New Crypto Traders, Volumes Cryptocurrency exchanges in India are seeing record numbers of new users signing up on their platforms, accompanied by huge surges in trading volumes. At Unocoin, one of the oldest....