![[가상자산 브리핑] Ada plunged 11%… Major US bank “DeFi has higher potential than BTC”](https://www.tokenpost.kr/assets/uploads/20210319c06f106c1e4318dbb.jpg "[가상자산 브리핑] Ada plunged 11%… Major US bank “DeFi has higher potential than BTC”")
[가상자산 브리핑] Ada plunged 11%… Major US bank “DeFi has higher potential than BTC”
1. Cryptocurrency market price
As of 9 o’clock on March 19, 2021, the cryptocurrency market is showing a decline.
Bitcoin (BTC), the number one cryptocurrency in market capitalization, exceeded the $60,000 mark during the intraday, but has since declined, recording $57,914, down 1.86% from the previous day. Bitcoin occupies 59.48% of the total cryptocurrency market.
Major altcoins also showed a downtrend. Ada (ADA) also rose to $1.47 during the intraday, but it has been on a sharp decline since, and is currently trading at $1.23, down 11% from the previous day. Polkadot is recording $35.52, down 2.14% from the previous day.
The total market capitalization of the cryptocurrency was 1.87 trillion dollars (about 2065 trillion 8106 billion won), and the 24-hour trading volume was 17.69 billion dollars (about 201 trillion 66.9 billion won), respectively, down from the previous day.
Bank of America (BoA), a major US bank, assessed DeFi as having more destructive power than Bitcoin.
In a recent report, the BoA said, “Bitcoin is the most talked-about cryptocurrency, but Ethereum actually has the most features,” he said in a recent report.
He added, “After DeFi can act as a problem for banks, Wall Street companies, insurance companies, etc.,” he added, “though we consider it a fundamental change in the mainstream capital market, we still have a long way to go.”
According to earlier reports, the BoA said in the report, “There is no good reason to hold BTC other than speculation. The advantages of Bitcoin’s incorporation into a portfolio are not diversification, inflation hedges, stable profits, etc., but a price increase caused by demand for bitcoins outpacing supply.”
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▼Bitcoin (BTC) recorded $57,914, down 1.86% from the previous day.
▼ Ethereum (ETH) is trading at $1785, down 2.36% from the previous day.
Binance Coin (BNB) is recording $262, down 3.04% from the previous day.
▼ ADA is trading at $1.23, down 11.04% from the previous day.
▼ Polkadot (DOT) recorded $35.52, down 2.14% from the previous day.
2. Cryptocurrency Greed & Fear Index
The cryptocurrency fear-greedy index provided by Dunamu is at 78.10, down 1.07 points from the previous day, maintaining the greedy stage. The greedy stage means that price volatility and volume are increasing.
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