Here’s who bought $67 billion worth of Bitcoin, crypto in America in 2020
BTC $11,376 (+2.3%) • ETH $344 (+2.8%) • XRP $0.253 (+2.9%)
|CryptoSlate||Jul 31|| 3|
Bitcoin, and the crypto market, have finally blossomed after a long two-year-wait. The pioneer cryptocurrency broke its $11,000 resistance earlier this week, spurring double-digit gains across a broader set of altcoins.
Firms like Coin Metrics, a crypto markets data and investment provider, say that if these growth rates are maintained, Bitcoin’s current daily volume would need “fewer than 4 years of growth to exceed the daily volume of all US equities and fewer than 5 years to exceed the daily volume of all US bonds.”
But who’s buying billions of dollars worth of cryptocurrencies anyway? A recent survey has the answer.
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Before the craziness of yearn.finance (YFI) and Ampleforth (AMPL), the hottest token in decentralized finance was arguably Synthetix Network Token.
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Chainlink’s decentralized oracles have launched on NEAR Protocol, a sharded, developer-friendly, proof-of-stake public blockchain that’s going head to head with Ethereum.
If you’ve been following Ethereum, decentralized finance, or crypto in general over the past week, you likely know of the native coin of yearn.finance, YFI.
One of the biggest trends in Ethereum and decentralized finance (DeFi) over the past few weeks has been Ampleforth.
Ethereum has gained some notable ground against Bitcoin since the start of the year, which is reflected in the cryptocurrency’s BTC trading pair’s value.
Litecoin is currently caught within a slight uptrend that has allowed it to post some large gains throughout the past few days.
Crypto market data
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Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.