The past week's events have been paramount in cryptocurrency finding its feet and gaining maturity. Take a closer look over the crypto market activity.
DeFi Makes it’s Mark in History
It’s been a week to remember for DeFi, (decentralized finance) and stable coins. DeFi is currently the rage in the crypto space and is largely powered by Ethereum. The huge surge in activity this week has brought Ethereum fees to an all-time high in the last two years. Read more.
Ethereum’s fees should balance out once the DeFi boom submerges and the tech develops and evolves. With decentralized finance markets at an all-time high, will this surge in activity take ETH to the moon? Is now a good time to buy up some Ether? Read more.
A Surge in Crypto Growth
BTC has gone from strength to strength throughout the past global events and still outperforms the stock market after it’s halving. The stock market has been through huge changes and cryptocurrencies have actually begun to look less and less volatile in comparison. In fact, bitcoin, Ethereum and other cryptocurrencies have become largely popular in the last year and have increased from 1.5 million people in 2019 to 2.6 million today. Read more.
Is Crypto Adoption Near?
PayPal is looking at integrating bitcoin payments into their platform and have opened up job opportunities for crypto and blockchain experts. Which suggests their going ahead with the integration, which could be huge for blockchain and crypto adoption. Read more.
Regulation Movements
In other news Japan has been making big movements in the regulation of cryptocurrencies, they have been deemed as strict, but they may be setting an example for the rest of the world. Read more.
The Weeks Conclusion
Overall, the week’s events have been ground-breaking for crypto. With movements being made with big names such as PayPal. Bitcoin appearing robust against the worlds recent events. Regulatory commandments being put in place, and decentralised applications and stable coins testing Ethereum’s scalability and intrinsic value. We look forward to discussing next week’s crypto market activities. Stay tuned!
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