An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary.
Market commentary
Good Morning!
So... we got the Bitcoin Cash fork out of the way. We will monitor the situation and inform you about any further developments. From a market/trading perspective, this was a total non-event.
Bitcoin was in sleep mode. It is still trading around the 16k mark, with some minor dips over the weekend, which are usually low volume.
The music is playing in the Ethereum world. Not really in terms of the price of ETH$, but rather the ecosystem.
The DeFi sector remains in the focus of crypto investors. A trading colleague (competitor) summarised it nicely.
With the UNISWAP liquidity mining program coming to an end there are potentially roughly 2.2 mio ETH at the verge of being redeployed or redistributed. Some of it found its way to the ETH 2.0 deposit contract. Others went to the SUSHI trading platform (competitor of UNISWAP), which is still offering liquidity mining rewards on ETH pools.
In general, however, the DeFi sector is continuing to perform well; consolidating, in fact, after a strong rally over the past week. New tools and platforms are emerging, which are making it more convenient for the "not-so-sophisticated" DeFi trader to put their tokens to work. Some of those platforms are definitely part of the "new financial" sector that is growing fast and will eat away a lot of profits from traditional banks.
Some tools I use:
