Bankless

ROLLUP: 3rd Week of March (Elon Musk NFT Song, Stimulus Checks, Canada ETF, Gemini & Aave)

Mar 19, 2021
Delve into the latest crypto buzz as discussions reveal how stimulus checks may influence Bitcoin prices. The fascinating rise of DeFi and Ethereum's market movements are analyzed, alongside innovative gems like ZK Money for secure transactions. Tune in for the cultural significance of NFTs, especially Elon Musk's creative ventures! The conversation also touches on Bitcoin's environmental impact and the evolving landscape of decentralized finance, making it a must-listen for crypto enthusiasts.
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INSIGHT

Market Overview

  • Bitcoin hit a new all-time high of approximately $61,800 but dipped to $55,000 before recovering.
  • Ether reached $1930, lagged behind Bitcoin's rally, and then fell to the low $1700s before recovering.
INSIGHT

ETH Trends

  • Less ETH is stored on centralized exchanges, while more is locked in smart contracts, a bullish indicator for DeFi.
  • ETH outflows from exchanges make its price more sensitive to buy pressure, potentially leading to upward movements.
ANECDOTE

Black Thursday Reflection

  • David Hoffman recalls Black Thursday when ETH plummeted and COVID-19 became real.
  • This event triggered discussions about working from home and highlighted the market's sensitivity to global events.
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