Daily Bitcoin & Altcoin News Jan 6th

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3 years ago

In community: Cryptocurrency and Blockchain(7b7f)

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Welcome to Bitcoin & Altcoin News on CryptoUnique A complete analysis of everyday News

Bitcoin News

BTC Hit another ATH

The value of Bitcoin breached the $35,000 mark late on January 5, reaching as high as $35,341 and setting a record high within the process. The previous high of $34,608 was set simply 2 days ago, according to data from CoinMarketCap. Currently Btc is in consolidation around 33,000$ to 35,000$. In the Past 30days btc has raised upto 78% of its value.

Daily Settlement Value in Btc raises more than eth

Historically more value was being moved on bitcoin blockcahin over Ethereum blockchain all Changed on Sep 2,2020 when ethereum overtook bitcoin for the firstime processing $6.5 billion daily.

For the Past 3 months Ethereum has settled more value in the market than the no 1 crypto currency in the market bitcoin. The trend has changed now as Bitcoin once again regained its position as the most settled blockchain in the market. As of publishing Daily Settlement value in the btc blockchain tranfers $14billion worth of crypto per day.

High Gas fees on ethereum network and increased activity of Institutional investors are some of the likely reason for this increased settlement value.

Another Bullish News as bitcoin Hash Rate hits New High

Bitcoin price (BTC) is not the only metric to see record numbers as the network hashrate has set a new all-time high. According to data from Blockchain.com, the estimated average hash rate of bitcoins over seven days is now around 148 exahashes per second, or EH / s. This figure represents the amount of processing power that miners spend to protect the network every second.

Ethereum News

Value locked in Defi Hits new ATH

Just 2 months before on Nov the total vlue locked in Defi was worth 10 billion at the time now the value has exceeded $20 billion. It has doubled its value within 2 months. Maker, the issuer of the DAI stablecoin, locks up the highest amount compared to other projects.

Ethereum Enters Top 100 of World’s Largest Assets

While is elder sibling bitcoin is in the Top 10 Largest asset, Ethereum just got into the top 100 of World's largest Assets. At the time of going to press, Ethereum is trading at around $ 1,136, according to CoinMarketCap, up 8.9% today.

As a result of this growth, ETH's market capitalization rose to over USD 132 billion and landed in the top 100, outperforming Citigroup, Philip Morris and Charter Communications.

Altcoin News

BitGo Launches Wrapped Bitcoin, Ether on Tron Blockchain

Bitgo is an Industrial leader in institutional digital asset custody, trading, and finance. BitGo’s Ethereum-based tokenized bitcoin project, Wrapped Bitcoin (WBTC), has expanded to its second blockchain, Tron. The crypto custodian has also launched Wrapped Ether (WETH) on Tron as well. This is a good news for tron.

Stellar High Rockets

Stellar blockchain's native currency XLM price has sky rocketed to a 2 yr high of $0.3150 which is a price rise of 82% in just a day. This is due to 2 reasons

Ukraine's center bank signed a MOU with stellar for using its public blockchain to create its own CBDC.

And the other reason is that XLM seems to be benefitting from is the U.S. OCC’s recent decision to allow U.S. banks to use public blockchains and dollar-backed stablecoins as a settlement infrastructure in the financial system

Aave Hits A New ATH

The defi lending Protocal Aave hits its new all time high of $123 today. The rise in total value of Aave locked, improving fundamentals and renewed interest in DeFi tokens triggered a double-digit rally in the AAVE price.

According to DeFi Pulse, Aave is now the second tier DeFi platform on the Total Value Locked metric with a total volume of $ 2.41 billion currently entrusted to the platform.