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22 September 2020

Market Wrap: Bitcoin Hits $10.9K; Total BTC Locked in DeFi Passes 100K - CoinDesk

Market Wrap: Bitcoin Hits $10.9K; Total BTC Locked in DeFi Passes 100K - CoinDesk


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Market Wrap: Bitcoin Hits $10.9K; Total BTC Locked in DeFi Passes 100K.

Bitcoin is making gains not seen since early September; the amount of BTC locked in DeFi hits six figures.

“The reports that MicroStrategy has completed yet another acquisition of 16,796 bitcoins at an aggregate purchase price of $175 million, together with a new wave of money flowing into DeFi as indicated by the total value locked, are all proving to be very supportive for the sentiment,” he said. .

”We have witnessed more capital going into DeFi projects despite some of them experiencing major issues, and also an increase in bitcoin locked on DeFi,” Hirsch told CoinDesk

I believe the floodgates have opened but it’s still just a stream of bitcoin flowing in.”

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