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18 January 2021

Market Wrap: Bitcoin Briefly Slips Below $19,000; ETH Locked in DeFi Crosses Over 7M - CoinDesk

Market Wrap: Bitcoin Briefly Slips Below $19,000; ETH Locked in DeFi Crosses Over 7M - CoinDesk


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Market Wrap: Bitcoin Briefly Slips Below $19,000; ETH Locked in DeFi Crosses Over 7M.

“Weak longs” might be causing the price to slip in the bitcoin market but ether locked in DeFi is back on the upswing.

The amount of ether “locked” in decentralized finance (DeFi) is now over 7 million ETH, worth $4.1 billion as of press time

256 Capital’s Leow also noted that excitement around DeFi might be back on the upswing

“While bitcoin rests just shy of all-time highs, DeFi blue-chip tokens are bouncing again on the back of Eth 2.0’s announcements and general market excitement around DeFi partnerships,” Leow told CoinDesk.

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