Bankless

ROLLUP: 2nd Week of January

Jan 15, 2021
The hosts dive into the recent rollercoaster of Bitcoin and Ether prices, revealing a near 30% drop before recovery. They discuss the rising retail interest in crypto and the importance of solid long-term investments. The imminent launch of Ether Futures could reshape institutional involvement, while advancements in Ethereum's Layer Two solutions promise lower gas fees. The contrasting dynamics between Uniswap and SushiSwap highlight competition in DeFi, and reflections on the evolving landscape of exchanges emphasize innovation amid regulation.
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INSIGHT

Mini Bear Market Recovery

  • Bitcoin touched $42,000, fell to $31,000, and bounced back to $40,000 in just seven days.
  • This volatility, while significant, is shorter and less severe than typical crypto retracements.
INSIGHT

Ether and DeFi Market Resilience

  • Ether experienced similar volatility, dropping from $1,350 to $900 before recovering to $1,200.
  • Despite the correction, the DeFi Pulse Index (DPI) and total value locked (TVL) continued to rise.
INSIGHT

Maker's Explosive Growth

  • The MKR token saw explosive growth, reaching near all-time highs after a long period of stagnation.
  • This surge significantly influenced the DPI's rise, highlighting the impact of individual DeFi tokens.
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