Bankless ROLLUP: 3rd Week of April (BTC & ETH ATH, $COIN, Berlin Upgrade, Gary Gensler SEC, Bull Market)
Apr 16, 2021
Explore Bitcoin's surge to nearly $65,000 and its ripple effects on the market. Discover how Ethereum is poised for growth with increasing institutional interest and a vibrant DeFi landscape. Delve into the tension between traditional finance and crypto, as decentralized finance emerges as a revolutionary force. Learn about the innovative upgrades in Ethereum and the impact of major events like Coinbase's public listing. Additionally, witness the fascinating interplay between Wall Street Bets and DeFi, signaling a culture shift in finance.
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Bitcoin's Rise
- Bitcoin reached a new all-time high of nearly $65,000, exceeding the Brazilian stock market's value.
- It's now the sixth largest currency globally, surpassing the British pound sterling in market cap.
Ether Follows Bitcoin
- Ether also hit new all-time highs, nearing $2,500, mirroring Bitcoin's 2017 price action.
- If the pattern repeats, Ether could reach $10,000, although market caps are much larger now.
DeFi Explosion
- Total value locked in DeFi broke $50 billion, reaching $58 billion, with Compound leading above $10 billion.
- yearn.finance also hit a milestone of $3 billion locked, signaling growth towards $100 billion in DeFi.