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2020-08-06 00:11

Market Wrap: Bitcoin Trudges Past $11.7K as DeFi Lending Rates Gyrate


Bitcoin gained Wednesday while DeFi interest rate volatility is causing concern over its long-term viability. Traders are mostly buying bitcoin Wednesday, with the world’s oldest cryptocurrency going as high as $11,735 on spot exchanges such as Coinbase.  “I think we’ll hit $12,000 by Friday. There’s a lot of momentum in the market just now,” said Chris Thomas, head of digital assets for broker Swissquote. “Tuesday was a pause for breath, but we didn’t react negatively.”  Thomas noted bitcoin spot volumes have been rising this past week after a month of relative feebleness.  “Flows are definitely picking up and more people

The post Market Wrap: Bitcoin Trudges Past $11.7K as DeFi Lending Rates Gyrate appeared first on One Crypto News.



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