Bankless

ROLLUP: 4th Week of November

Nov 26, 2020
This week highlights a significant Black Friday promotion on hardware wallets and the soaring prices of Bitcoin and Ethereum, fueled by market psychology. There's a deep dive into new DeFi innovations, including a tracker for projects and rebranding efforts. The episode also addresses the evolving perception of Bitcoin as digital gold, alongside regulatory challenges in margin trading. Lastly, it discusses the rise of institutional interest in crypto, contrasting it with the retail market, and wraps up with exciting Black Friday deals.
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INSIGHT

Crypto Market Momentum

  • Bitcoin and Ether are reaching uncharted territory, nearing or exceeding previous all-time highs.
  • Mainstream media, including the Wall Street Journal, are increasingly covering Bitcoin's price surge.
INSIGHT

Bitcoin's Resurgence and Ethereum's Growth

  • Bitcoin's resurgence to $20,000 highlights its resilience, attracting renewed interest.
  • The increasing number of daily active Ethereum addresses suggests growing network usage.
INSIGHT

ETH Bull Market and DeFi Growth

  • ETH's price surge, from $400s to $620, indicates a potential bull market, supported by various on-chain metrics.
  • DeFi is experiencing significant growth, with total value locked approaching $15 billion.
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