- Bitcoin has climbed 7.5% to a price of $66,250, then back toward its record high above $66,900, set in late October.
- Ethereum, is the world’s second-largest crypto currency that has surged more than 4.5% in 24 hours on Monday to hit a new all-time high above $4,700.00
- All time highs soared amid ongoing excitement around DeFi, or decentralized finance.
Bitcoin continues soaring toward all time highs sitting currently at 66,326.10, Bitcoin is known for tremendous historical price swings.
This comes amid growing excitement about DeFi, i.e., decentralized finance, the latest new trend in the crypto market which is building financial applications like lending and trading on the secure decentralized node blockchain.
Ethereum is still much a key player in DeFi. Some of the largest DeFi services, including but not limited to decentralized exchanges like Uniswap and lending platform Aave, run on the Ethereum ERC20 network.
Crypto investors have been exited about the move as another sign of world wide acceptance for digital assets on Wall Street.
Altcoins often rally after significantly after climbs in bitcoin’s price, as investors search for returns elsewhere in investment markets.
Time will tell if this Bitcoin bull is ready for the upswing and remain steady. Albeit many factors have shown to pull this crypto down like China’s recent crypto ban, as well as government regulations. However, Bitcoin has proven over the test of time to keep strong even after tremendous dips. The uptrend diamond forms repeat over and over. Analysts at JPMorgan have stated they see Bitcoin cruising towards their predicted price of 145k. Time will tell if this crypto behemoth will hit the next high…