DeFi Boom May Be “Kindling” For “Bitcoin Pump” That Nukes Altcoins: Analyst

As Bitcoin has consolidated between $11,000 and $12,000 over the past month, altcoins have surged. Many top altcoins have gained dozens of percent, resulting in a drop in the DeFi dominance. The gains have been centralized in DeFi-centric altcoins, which have easily outperformed BTC. Decentralized finance, as DeFi is also known, has become the industry’s latest trend as capital has flooded into this space en-masse. There are some that say DeFi is taking away Bitcoin’s […]

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Author: toutiao