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27 October 2020

Market Wrap: Bitcoin Slips to $11,300; Ether Locked in DeFi Is Flat - CoinDesk

Market Wrap: Bitcoin Slips to $11,300; Ether Locked in DeFi Is Flat - CoinDesk


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Market Wrap: Bitcoin Slips to $11,300; Ether Locked in DeFi Is Flat.

However, if bitcoin’s price goes below that “support” level, she maintains, a long-term bear market could develop. .

Alessandro Andreotti, an over-the-counter trader based in Italy, notes that bitcoin has been operating in tandem with the stock market.

The second-largest cryptocurrency by market capitalization, ether (ETH), was down in Tuesday trading at around $378 and slipping 2.3% in 24 hours as of 20:00 UTC (4:00 p.m

Brian Mosoff, chief executive officer of investment firm Ether Capital, said bitcoin holders may be seeing a powerful DeFi use case for the world’s oldest cryptocurrency that didn’t exist until recently.  

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