The Crypto Report: Bitcoin and Ethereum reverse losing streak while DeFi remains on a roll

Bitcoin reclaimed the US$20,000 support line in the early-Thursday trade, adding 3% against the day to creep up to US$20,104.

Ethereum also recovered lost ground after performing poorly throughout the week, climbing 4.48% to US$1,105.

Global market cap was up 2.57%, just missing out on breaking the US$900bln barrier by under a percentage point.

The decentralised finance (DeFi) space is on a roll, with Lido DAO up 25.12%, Curve up 14.77% and Aave up 13.38%, while the US$300mln derivatives platform Synthetix broke into the top 100 with a 12.33% rally.

Total value locked across all DeFi platforms rose 2.28% to break above US$74bln.

Ethereum’s premier decentralised exchange (DEX) Uniswap rallied 11.83%, increasing its market capitalisation to over US$4.5bln.

Among today’s biggest losers, Bitfinex’s LEO token fell 2.75%, play-to-earn token GALA dropped 2.13%, and the Kava blockchain shed half a percent.

You might like

© 2022 The Latest StockMarket News and Interviews