[시황] Bitcoin fell slightly, surpassing 36300 dollars and DeFi deposits of 32 billion dollars

Bitcoin fluctuated and Ether remained similar. DeFi deposits set a new milestone by breaking an all-time high.

■ As of 11 am, bitcoins were traded at about $36752 each. The price fell 4% in 24 hours.

■ Over the course of 24 hours, Bitcoin prices ranged between $36.07 and $38,722.

■ In the price chart by time, the bitcoin price exceeded the 10-hour and 50-hour moving averages. According to technical analysis, this is a sign of an uptrend.

The bitcoin price has dropped to 36207 dollars. Afterwards, it rose slightly again, trading at 37616 dollars, and fell to 37242 dollars at the time the article was sent.

Chris Thomas, head of Digital Assets at Swiss Quart Bank said, “It’s still trading around the 50-day moving average, so it’s a good level.” The Elon Musk effect is no more.”

Tesla’s CEO Elon Musk recently made a statement on his Twitter allegedly holding bitcoin. However, as it is known that they prefer DOGE coin recently, Musk is not expected to make any further comments related to Bitcoin.

As Thomas mentioned, if you actually look at the Bitcoin trading chart on Bitstamp provided by TradingView, the 50-day moving average has been on the rise since October last year.

“Are there more sellers than buyers?” said Vishal Shah, the founder of the derivatives exchange Alpha5.

However, the phenomenon of investment destinations moving from bitcoin to altcoin still seems to be the case. Looking at the transaction volume data provided by CoinDesk 20, the ratio of the transaction volume of other cryptocurrencies except Bitcoin and Ether has increased significantly.

“It is true that the proportion of bitcoin transactions has decreased due to the rapid increase in Ether and altcoin transactions over the past 1-2 weeks. However, it is not a level of great concern. For Bitcoin, it’s just taking a breath.” -Chris Thomas, Head of Digital Assets, Swiss Quart Bank

However, some analysts are very optimistic about the increase in Ether and altcoin trading volumes. “The Ether and altcoin markets will startle people,” said Rupert Douglas, head of institutional sales for cryptocurrency trustee Koine.

“Bitcoin is expected to remain strong and exceed $100,000 this year. On the other hand, Ether will be spotlighted as a stable investment destination. Of course, the price of Ether will rise as much as you think in three months, the current price of $1,600 is very cheap.”

Ether price rises, DeFi deposits increase

■ Ether (ETH), the second largest cryptocurrency market capitalization, traded for $1604 at 11:00 this morning. At one time this morning, it broke the $1660 mark. Compared to 24 hours ago, it is down 5.17%.

■ Cryptocurrency deposited in DeFi broke an all-time high, surpassing $32 billion. Ether deposited in DeFi has increased by 197% over the past three months.

“The increase in DeFi deposits was caused by a surge in Ether prices,” said Constantine Kogan, a partner of cryptocurrency investment firm Wave Financial. In fact, on the 3rd, the price of Ether surpassed $1,600. But Kogan expressed concern about the too expensive fees that hold back the Ether market every time it heats up.

“Ether prices are on an unprecedented rise. In this situation, fees are not a problem for big-handed investors. The problem is with ordinary small investors. Ether fees are extremely high for ordinary investors. They are just waiting for Ethereum 2.0 and other new technologies to offset it quickly.

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