Bankless

ROLLUP: 4th Week of October

Oct 30, 2020
The cryptocurrency market is buzzing with Bitcoin's resurgence, regaining dominance over other assets. High net worth individuals, especially in Iran, are increasingly using Bitcoin to evade sanctions amid economic turmoil. The impact of flash loans and enhanced blockchain interoperability is reshaping governance in decentralized finance. Innovations like Balancer's smart pools showcase flexibility in token management. Lastly, the emotional uncertainty surrounding the upcoming US presidential election is creating ripples in the crypto market, leaving many on edge.
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INSIGHT

Bitcoin Dominance

  • Bitcoin dominates the market and news cycle, showing strength.
  • Understanding Bitcoin's role in portfolios fuels its growth.
INSIGHT

ETH's Balancing Act

  • ETH price sits between Bitcoin and DeFi tokens, balancing liquidity and store-of-value characteristics.
  • Investors debate ETH's identity as a DeFi token or a Bitcoin-like asset.
INSIGHT

Bitcoin on Ethereum

  • $2 billion worth of Bitcoin resides on Ethereum, demonstrating Ethereum's growing influence.
  • This trend suggests Bitcoin's market cap may increase due to Ethereum's capabilities.
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