Market Wrap: DeFi Is Helping Ether Outpace Bitcoin This Year
www.coindesk.com
Ether trading on Coinbase since June 7Source: TradingView Since January, ether’s price performance has been steadily outpacing that of bitcoin (BTC). With over 90% in gains since 2020 started, ether holders are beating bitcoin investors because the world’s largest cryptocurrency by market capitalization is up by just over 30% since January.
Cryptocurrency locked into decentralized finance, in dollar termsSource: DeFi Pulse While the amount of price appreciation may have diverged, both bitcoin and ether markets seem to operate in tandem. Bitcoin trading on Coinbase since June 7Source: TradingView The biggest cryptocurrency winners on the day included iota (IOTA) climbing 2.6%, nem (XEM) up 2.4% and neo (NEO) in the green 1%.
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