Ethereum Outperforming Bitcoin | BTC Hashrate at ALL TIME HIGH
207Bitcoin Is Money says France, as Industry Cheers Bullish Week for Crypto. DeFi may be leading the Ethereum counter trend this morning.
Decentralized Finance (DeFi), the big one for the ecosystem is back over $1 billion in value, locked up in DeFi platforms. Ethereum is also highly correlated to Bitcoin, so Bitcoin’s price decline from $10,500 to $8200 over the last three weeks has also impacted Ethereum prices. The second largest crypto had a 25% drawdown in price mirroring Bitcoin’s slump. Bitcoin BTC miners have set a fresh all-time high in terms of computing power they are willing to dedicate to validating transactions.
References:
Bitcoin hashrate crosses 150 quintillion
https://cointelegraph.com/news/bitcoin-hash-rate-passes-record-150-quintillion-as-price-reclaims-9k
https://cointelegraph.com/news/hash-rate-and-bitcoin-price-during-mining-events-are-they-related
Why did bitcoin go below $9000
https://cryptopotato.com/the-reason-why-bitcoin-price-crashed-500-plustoken-scam-moved-another-13000-bitcoins-worth-118-million/
Why is Ethereum outperforming the market
https://bitcoinist.com/ethereum-is-outperforming-the-market-today-heres-why/
https://www.forbes.com/sites/justinoconnell/2020/03/05/venture-capitals-view-of-defi/#34dcc93132a0
After India and South Korea, France Legalizes Cryptocurrency
https://beincrypto.com/france-says-bitcoin-is-money-as-industry-cheers-bullish-week-for-crypto/---------
#Bitcoin #Cryptocurrency #Blockchain #BTC #ETH #Enjin #Tomochain #Crypto.com #Electroneum #Cardano
---------
New Weekly CryptoTag #Giveaway
- Simply Subscribe to Altcoin Buzz and drop a comment on the Video
- Winners for this weekly giveaway will be announced on every Saturday
---------
Altcoin Buzz Free Newsletter: http://eepurl.com/dnIEz1
Sign up for Crypto.com and We Both Get $50 USD https://platinum.crypto.com/r/ab
Sign up for eToro https://tinyurl.com/yxwa8vbt
---------
Visit our website: https://altcoinbuzz.io
Connect with us on Social Media:
Twitter: https://twitter.com/Altcoinbuzzio
Facebook: https://www.facebook.com/altcoinbuzzio/
Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA
----------
NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.