Crypto majors Bitcoin and Ether are beginning the Asia trading day significantly in the green, with the world’s largest digital asset up 5.8% to $28,359, while Ether is up 3.4% to $1,793. The CoinDesk Market Index is up 4.1% to 1,166. Bitcoin’s move above USD $28,000 also comes with the coin’s share in the aggregate crypto market cap topping 50% for the first time in two years, Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, said.
Smart contracts crypto lending platform Aave has continued its year-to-date momentum in June. The version 3 (v3) blockchain’s total value locked (TVL) has surged 15% since the start of the month to $1.76 billion, data from blockchain analytics firm DefiLlama shows. Aave’s TVL has skyrocketed 300% since Jan. 1, widely outpacing other major cryptos over this period.
Joe DiPasquale, CEO of crypto fund manager BitBull Capital, points to the Bitcoin ETF filings as well as the launch of a new institutionally backed crypto exchange called EDX, as a bull case for crypto. It wouldn’t be surprising if Bitcoin continues to lead the market for now, he said. On the top side, $30k is the obvious resistance.
The crypto market is seeing a surge in activity as Bitcoin and Ether prices rise and Aave’s v3 TVL continues to climb. Bitcoin’s share in the aggregate crypto market cap has topped 50% for the first time in two years, and Aave’s TVL has risen 300% since Jan. 1. Bitcoin ETF filings and the launch of a new institutionally backed crypto exchange called EDX have further bolstered the crypto market.
Bitcoin’s move above USD $28,000 also comes with the coin’s share in the aggregate crypto market cap topping 50% for the first time in two years, Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, said. Joe DiPasquale, CEO of crypto fund manager BitBull Capital, added that It wouldn’t be surprising if Bitcoin continues to lead the market for now, and that On the top side, $30k is the obvious resistance.