Bitcoin is exuding major green vibes.
BTC has gained back substantial ground by surging above $50k for the first time in 3 months.
This week opened up on a greener side with Bitcoin making a run for $50k. Will there be promising days ahead? Let’s dive into it.
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Market overview
Decentralized payments solutions alternative to bitcoin with improved transaction speed and privacy such as Dash(15.5%), Nano(14.19%), AMP(12.30%), Monero(12.0%) increased in last 24 hours.
BTC is back over 50K$ for the first time since may 2021.
Market movers
Data points to takeaway
Opensea transaction volume and revenue hits ATH amid new projects launching on the platform.
Opensea leads the ETH burn leaderboard which is also a great indicator of increased traction on their platform.
Top stories
Layer 2 NFT announcement by loopring.
BTC could see double bubble tops in 2021.
Visa Buys a Cryptopunk.
Dapp of the day
Loopring is an Ethereum zkRollup protocol for scalable, secure exchanges & payments. Loopring builds non-custodial, high-performance products atop Layer-2, including the Loopring Wallet- a mobile Ethereum smart wallet, and the Loopring Exchange- an L2 order book and AMM DEX.
https://loopring.org/
Crypto bytes
Decentralized exchanges are a type of crypto exchange that allows direct peer-to-peer crypto transactions to take place online securely by relying on automated smart contracts to execute trades. While some retain order book models, others use emergent liquidity protocols.
Here's a great read: https://www.gemini.com/cryptopedia/decentralized-exchange-dex-crypto
Endnote
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