Market Wrap: Bitcoin Hits $18.8K as Total Crypto Locked in DeFi Passes $14B
Bitcoin’s price made gains Friday, going as high as $18,813, according to CoinDesk 20 data. Source: Shuai Hao/CoinDesk Research
“I expect a lot more media coverage and reinforcement of the narrative around bitcoin being a better alternative to gold in the near future as more and more prominent Wall Street investors like BlackRock are openly sharing their positive views,” said Jason Lau, chief operating officer for San Francisco-based cryptocurrency exchange OKCoin.
TVL in DeFi going up, but not from BTC, ETH Ether (ETH), the second-largest cryptocurrency by market capitalization, was up Friday, trading around $510 and climbing 7.5% in 24 hours as of 21:00 UTC (4:00 p.m. ET). Source: DeFi Pulse It seems that smaller tokens are seeing major gains along with BTC and ETH, likely contributing to TVL gains, although as of press time DeFi Pulse did not respond to a request for comment on how it accounts for those tokens in its metrics.