[시황] Ether’s highest price renewed, DeFi deposits’ record high

Bitcoin price, which remained relatively stable, soared to more than $35,000. Ether surpassed $1,500 for the first time ever, and dollar deposits for the DeFi (Decentralized Finance) protocol also hit a record high.

• As of 11:30 a.m., bitcoins were traded at around $35,900 each. The price has risen by more than 6.7% in 24 hours.
• Over the course of 24 hours, the price of Bitcoin went between $35,024 and $36,369.
• Bitcoin prices traded above the 10-hour moving average and below the 50-hour moving average. According to technical analysis techniques, this is a sign of solidity.

Yesterday, the price of bitcoin rose slightly to $35,655 each at around 7 pm and then fell slightly. At 10 this morning, it rose again to $36,239.

Chris Thomas, head of Digital Assets at Swiss Quart Bank said, “If the bitcoin price remains solid above $35,000, investors will be more interested.” I buy them,” he said.

The reason for the recent slowdown in the bitcoin market is due to the increase in speculative activity in the stock market.

John Wilcock, CEO of Cryptocurrency Trustee Tritum, said, “As interest has recently focused on the US stock market, not only the traditional investment industry, but also the cryptocurrency industry has been somewhat neglected by various prospects for cryptocurrency investors and long-term holders.” .

All major markets around the world rose.

• Nikkei 225 index up 0.91%-business performance is expected to be higher than expected ahead of the earnings release season
• FTSE100 index up by 0.71%-expects the global economy to recover from the effects of the COVID-19 pandemic
• S&P500 index up 1.7%-growing optimism that recent stock speculation is somewhat calming

In the midst of the stock price continuing high, the bitcoin price steadily maintained over $30,000 each.

In fact, it was on the 1st of last month, a month ago, that the last bitcoin closing price fell below $30,000. The closing price at the time was $29,333. Since then, it has maintained over $30,000.

“First of all, it should be noted that it has already maintained the price range, which exceeded the previous high, which reached $20,000 in 2017, for more than a month. Looking at the bitcoin price this year, the market seems to have accepted the prospect that bitcoin prices will continue to rise in the long run.” -John Wilcock, CEO of Tritum

“Now the market is accepting bitcoin’s high price. At the same time, we admit that Bitcoin is an asset with high price volatility.” -Neil Van Huis, Head of Institutional Investment, Blockfills, Cryptocurrency Liquidity Provider

Bitcoin price volatility wasn’t great until yesterday, as calm movements over the weekend continued until Monday. As of February 1, Bitcoin’s 30-day volatility showed a downtrend. However, it is still over 100%, and the 30-day volatility of the S&P500 index is much higher than that of less than 20%.

Looking at the trading trend of option contracts due in February, 62% of investors predicted that the bitcoin price would be higher than $32,000. Investors projected to be higher than $34,000 were 53%, while 44% expected to trade for $36,000 or more.

Blockfields’ Huis said, “Option market participants are still expecting bitcoin prices to rise for the time being.”

Ether surpasses $1,500, the highest DeFi deposit ever

Ether (ETH), the second-largest cryptocurrency market cap, surpassed $1521 each as of 11:30 this morning. It rose 9.8% in 24 hours. Ether hit an all-time high at $1549 at 7 am.

The total assets (TVL) deposited in the DeFi Protocol also exceeded 28 billion dollars, a record high. As of the time the article was sent, TVL recorded $28.8 billion.

The amount of Ether deposited in the DeFi Protocol also increased, exceeding 7.3 million. Ether prices have risen, but deposited Ether has not decreased.

Bitcoin deposited in the DeFi protocol also increased. Currently, 46,632 bitcoins are deposited.

“Decentralized exchanges (DEXs) mostly have Ether and other cryptocurrencies as trading pairs. It is expected that traders will sell some Ether to buy DeFi tokens. Already this year, the total trading volume of DEX seems to have increased significantly.” -Jun Dam, Ethereum and Tron platform code developer

Thomas of Swiss Quart Bank said, “We definitely have a high preference for DeFi.” DEX is still undervalued.”

Other market trends

Most of the major cryptocurrency prices included in CoinDesk 20 have risen.

Commodity market

• Heavy oil up 2.5% to $54.85 per barrel
• Gold price, down 1.3%, $1835 per ounce
• Silver price, down 8.3%, $26.48 per ounce

Government bonds

• 10-year Treasury bond yield rose 0.47% to 1.100%

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