Bitcoin Price and Technical Market Analysis May 14th, 2020

Yesterday’s daily candle closed in the range $9200-9400. Looking at the nature of the growth, the mark $10,500 should not be a problem for buyers. The local critical point of buyers is $9200. The global one – $8860. The reality on Bitcoin market turned out to be much more optimistic yesterday and today. The sluggish […]

Bitcoin-Based DeFi Activity Increasing, 1,000 Wrapped Bitcoins Printed in a Single Day

Wrapped Bitcoin allows Bitcoin to be used on Ethereum DeFi platforms One thousand Wrapped Bitcoin (WBTC) worth USD 9 million were printed in a single day, indicating a rise in Bitcoin-based decentralized finance (DeFi) activity on the Ethereum network. Notably, this 1,000 WBTC is larger than the size of the entire Bitcoin Lightning Network, which […]