Alex Dudov
The market action of Bitcoin in the last week shows power, gaining 6.63%. Last Monday the leading digital currency opened with almost $10,300 and jumped to $10.800 before the start of a consolidation process.
On Saturday, according to the OKEx BTC spot printing prices, a weekly print volume of $11,179 has reduced, but since then the price has plummeted. Overall, Bitcoin faces the resistance at $11,200, while good support of $10,800 is clear.
No big altcoin has sustained Bitcoin's gains in the meantime. Ethereum was just up by 4.60 points, the best producer. Because of DeFi's high yields, capital typically flows from big altcoins.
Uniswap was definitely last week's spotlight when it comes to the DeFi market. The original prize for UNI was $3, and on the second OKEx listing day, it rose to $8.75, but it has been pulling down since. The free 400 UNI airdrop to eligible customers is now worth over $2,000 and it is still selling over $5 right now.
In fact, all of the other big DeFi tokens were down, with 10 more than 20% of diving tokens. Two weeks before these tokens normally saw fast rises and were expected to have revenues.
Uniswap reported a total valuation of $ 2.2 billion blocked, as of this morning, on the decentralized exchange. The exchanger exceeds the volume of Maker and Curve.
The combined blocked valuation of all DeFi protocols reached another record peak of $11.33 billion today, proving that the DeFi bubble is still ongoing and money is still flowing into this niche.
Alex Dudov
