DeFi Tokens Soar As Bitcoin Price Stops At $ 16,000
Leading DeFi tokens have seen notable double-digit value will increase in current days.

Although BTC has recovered from two falls beneath $ 16,000, to this point over the weekend, the asset is battling a decisive restoration within the desired value stage and the world between $ 16,000 – $ 16,250. Altcoins with larger capitalization additionally misplaced some momentum, however DeFi tokens rose in worth.
Most different cash have a slight downside. Ethereum has misplaced about 2% on a 24-hour scale and is buying and selling beneath $ 460 after getting near $ 480 a couple of days in the past.
Chainlink, Bitcoin Cash, Litecoin, Polkadot, and Cardano additionally declined barely.
Cryptocurrency market overview

XRP bulls lastly get up and break above $ 0.27
XRP is up 6.8% over the previous three days, inflicting the coin’s resistance to interrupt at $ 0.261.

XRP is up 6.8% over the previous three days, pushing the coin to interrupt the excessive of the 2-month vary at $ 0.261. This resistance was supplied by a bearish Fibonacci retracement of 0.5 and prevented XRP from climbing larger in each September and October.

Grayscale’s Trust in BCH Loses $ 1.6 Million After Hard Fork
Since November 1, the belongings managed by the Bitcoin Cash Trust, which manages the crypto fund, have decreased.

According to Coin Dance information, the Bitcoin Cash community is now break up into two blockchains. Currently, miners’ actions appear to be favoring the community-driven Bitcoin Cash Node or BCHN.

Capital is flowing into Bitcoin at nearly a document price
Bitcoin has risen sharply up to now few weeks.

Bitcoin has risen sharply up to now few weeks. In the previous 5 weeks alone, the main cryptocurrency has gained 50% in opposition to the US greenback, largely surpassing all different belongings.

$ 1200 US incentive test now prices almost $ 3000 when invested in bitcoin
A $ 1,200 incentive test issued to US residents as a aid in opposition to the COVID-19 pandemic will now value almost $ 3,000 when invested in BTC.

It has been roughly seven months because the US authorities despatched its first checks for $ 1,200 to many voters. Interestingly, this quantity will now be price nearly $ 3,000 if invested in bitcoin, because the value of the asset has risen considerably since then, in contrast to the greenback.

Grayscale Approaches $ 10 Billion, Institutional Demand for Bitcoin Rises
Just two weeks after breaking all bitcoin influx data, Grayscale is as soon as once more making new all-time highs.

Grayscale, a New York-based funding agency, is quickly approaching the $ 10 billion mark in asset administration.
The agency presents accredited traders the chance to put money into inventory indices which might be backed by crypto belongings. Their hottest product is the Grayscale Bitcoin Trust, which accounts for over 80% of AUM.

Isn’t it time for DeFi to transcend ETH?
DeFi’s complete market capitalization was $ 15.8 billion

DeFi’s complete market cap was $ 15.8 billion, in comparison with Ethereum’s $ 51.8 billion market cap. This signifies that as of mid-November 2020, DeFi’s market cap already exceeds 30% of Ethereum’s market cap and can quickly develop to ETH’s personal market cap.

Cryptocurrency Crimes Down 60 Percent In 2020, But DeFi Hacks Exploded
According to a report by crypto-intelligence firm CipherTrace, Defi’s crime price has skyrocketed.

Common cryptocurrency thefts, hacks, and fraud have declined 60% within the first 10 months of 2020 in comparison with 2019. But, in accordance with a report by crypto intelligence firm CipherTrace, Defi’s crime price has skyrocketed.

Research: Real Bitcoin Volume Soars To 2020 High, But Greed Is Taking Over
According to Arcane Research, “7-day average daily real volume of bitcoins” has reached an annual excessive.

Bitcoin reveals some resilience above $ 16,000. While resistance above $ 16k is low, analysts say a pullback is feasible if BTC’s development slows.
According to Arcane, a slowdown in development is probably going on condition that actual bitcoin quantity has risen 270% over the previous month. After such a robust month when it comes to buying and selling exercise, there could also be a slowdown in development.

The largest financial institution in Belarus launched a cryptocurrency change service
JSB Belarusbank has launched a authorized service that enables shoppers from the nation and Russia to buy cryptocurrency.

The largest financial institution in Belarus, JSSB Belarusbank, reportedly launched a authorized service that enables shoppers from the nation and Russia to buy cryptocurrency.
Users will have the ability to change digital belongings for Belarusian and Russian rubles, US {dollars} and euros instantly from their Visa fee playing cards.
The largest financial institution in Belarus when it comes to capital, belongings, loans and deposits has partnered with White Bird cryptocurrency change to launch the brand new service, beginning November 13, in accordance with a Prime Press report.