The Brief Crypto News - Oct 8 2020 Ep.21

The Brief Crypto News - Oct 8 2020 Ep.21

By LeaderIcarus | Archives | 8 Oct 2020


Greetings everyone

this is LeaderIcarus, and its Oct 8, 2020, 06:00 UTC, and welcome to the Brief Crypto News episode 21.

"Regular" markets have been opened in the green, earlier this week. Most of the Analysts report that the reason is the calming sense after the possibility of discharging the US President from the hospital on Monday afternoon. As it seems, this was true. In fact on the first day of the week S&P500, Nasdaq, and energy were on the green area, showing bullish signs. This, in fact, continued midweek restoring most of the losses.

Ethereum Network's has power is at an all-time high of 250TH/s, an 80% gain since January, while Metamask has million monthly users. Both are results from the explosive growth DeFi ecosystem has experienced during this period. This was shown by the extremely high fees, that needed for the Ethereum transactions. Fees, which now are more volatile and could be as high as they can be, also, low. Either way, during the last couple of weeks fees, have been retreaded and are at a more "affordable" level. 

Uniswap continues to have the first place in the DeFi list having almost $2.2 billion total locked value, slightly decreased, while it holds more than 21.50% of All Total Locked Value in DeFi ($10.151 billion). Maker, Aave, Curve Finance, and WBTC are the top 5, with the WBTC to reach $1 billion TVL. As for the governance tokens and the newly UNI falling to $2.85 and it is in the fifth place having $519 million in Market capitalization. First is Chainlink (LINK) trading at $8.93 loosing -11.5% for the last 7 days, while having $3.44 billion MCAP, the second id Wrapped Bitcoin (WBTC trading at $10,667 and $1 billion MCAP third is DAI with $877 million in market capitalization and forth, to close the top 5 list is Aave (LEND) currently trading at $0.44 is losing -16.8% while has $562 million in market capitalization.

The market capitalization right now is at $339.5 billion and the 24 hours trade volume is at $42.4 billion. Bitcoin market dominance is 57.89%, Ethereum at 11.27%. Bitcoin is still trading around $10.600, Ethereum at $338, XRP at $0.244, and BCH at $224.63, which is the only one in the first five that is green. 

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LeaderIcarus
LeaderIcarus

LeaderIcarus 🚀 | Crypto Trader & Investor since '19 📊 | NFT Lover & Collector 🎨 | Embracing DeFi, GameFi, and Blockchain's Marvels 🎮🌐 | Learning TA, Mastering Markets 📊 | Let's build the future together! 💡


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