The new Bitwise DeFi Crypto Index Fund seeks to take advantage of the rapidly growing DeFi market, which is increasingly seen as a viable alternative to traditional finance, offering peer-to-peer financial services like loans and lending, decentralized exchanges, and derivatives, among others.
“The past 200 days worth of $XVG transaction history just vanished," tweeted Coinmetrics network data product manager Lucas Nuzzi. "This is likely the deepest reorg that has ever taken place in a 'top 100' cryptocurrency.”
“If major Dogecoin holders sell most of their coins, it will get my full support," he said. "Too much concentration is the only real issue imo.”
Having hit upwards of $48,000 on Monday thanks to Tesla’s $1.5 billion buy-in, Bitcoin saw sellers line up closer to the psychologically significant $50,000 barrier. Thereafter ensued a consolidation period which briefly saw a return to near $43,000 in the past 24 hours.
