DeFi Reshapes the CoinDesk 20
The recent surge in DeFi activity is altering the crypto market.
Analysts see speculative fever rather than informed bets on the blockchain’s future technological potential.
Atcoins are rising, ether hits another all-time high and bitcoin’s correlation to gold drops to zero.
ETC could see steady demand until the end of the third quarter, according to David Grider, strategist at FundStrat.
Ethereum Classic pops 53%, while bitcoin recovers and ether pushes back toward its all-time high.
Bull frenzy grips crypto markets as the hunt for yield goes beyond bitcoin and ether.