Crypto News Cast 📮 17-01-2021

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Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap: $987 B
📊24h Mcap %: -48.67%
⚠️Bitcoin Dom: 66.20%
📌Active Coins: 5184
📍24h Vol %: -13.46%
💲24h Vol: $138 B

Crypto News Updates :

• Bitcoin Whales Bounces To All-Time High As Market Recovers
• Trading Volume On DEX Is Reaching New High In January
• GrayScale Buys $370 Million Worth Of Bitcoin
• Argentine Billionaire Says Bitcoin a Better Store of Value Than Gold
• Number of New Link Addresses Rising
  Deutsche Börse's Bitcoin ETP Trading Volumes Hits Record High
• DeFi Tokens Market Cap Surpassed Its Previous Highs
• Pomp Says Bitcoin's Potential Is Underestimated By Everyone In Crypto Industry

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Bitcoin Whales Bounces To All-Time High As Market Recovers

The number of Bitcoin addresses holding at least 1,000 Bitcoin (over $37 million, at today's price) is now 2,425, according to blockchain data provider Glassnode. It's another all-time high for the metric, which continues to set new records each day. This means that there are more “whales” than ever surfacing from the briny depths. That big spenders are doubling down on their Bitcoin holdings suggests they think the price will increase. Read Full on Decrypt.

Trading Volume On DEX Is Reaching New High In January

This month's decentralized exchange (DEX) volumes are set to break September 2020's record highs. Current DEX volumes for January 2021 are $26.01 billion with 15 days remaining for the month. In September, DEX volumes reached $26.6 billion fueled by DeFi Summer. Uniswap currently makes up 44.85% of January’s trading volume, with SushiSwap (22.19%) and Curve (12.98%) in second and third place, respectively. Read Full on The Block.

GrayScale Buys $370 Million Worth Of Bitcoin

In just three days GrayScale is nearing what in late December it was doing in a week, with almost 10,000 bitcoin bought since Wednesday, worth $370 million. They bought $80 million within hours of opening up. Then 2,620 bitcoin was added on Thursday, worth about $100 million. On Friday there was a jump, with GrayScale scooping up 5,130 bitcoin, worth $190 million. Demand for bitcoin seems to be accelerating at GrayScale. Read Full on Trustnodes.

Argentine Billionaire Says Bitcoin a Better Store of Value Than Gold

Argentine billionaire and CEO of the e-commerce platform Mercado Libre, Marcos Galperin says bitcoin is a better store of value than gold. Marcos Galperin who has an estimated net worth of $7.7 billion, made the remarks when responding to an inquiry from a Twitter user. However, the billionaire thinks the crypto will not replace fiat currency due to what he terms the high "energy cost required to process its transfers." Read Full on Bitcoin News.

Number of New Link Addresses Rising

After hitting a new major high of $21,45 on Binance on January 15, LINK continued appreciating to rise above the $22 level. As it happened, Glassnode has reported that the number of active and new LINK wallets has seen a substantial increase. Besides, new investors are rushing into LINK now, as the amount of new addresses has surged to hit a 5-month high (1-day MA) of 340.708. Previous 5-month high of 337.083 was observed on 07 January 2021. Read Full on U.Today.

Deutsche Börse's Bitcoin ETP Trading Volumes Hits Record High

The daily trading volumes of ETC Group’s flagship Bitcoin ETP on the Deutsche Börse have reached €57 million ($69.1 million). Trading volumes for BTCE, the world’s first centrally cleared Bitcoin exchange-traded product (ETP), BTCE rose to this record level in the first 11 days of January 2021. BTCE is physically backed by Bitcoin stored with California-based BitGo Trust. Each unit of BTCE gives the holder a claim on a predefined amount of the cryptocurrency. Read Full on Decrypt.

DeFi Tokens Market Cap Surpassed Its Previous Highs

The Decentralized Finance (DeFi) ethereum ecosystem has far surpassed its previous all time high. The combined market cap of all defi tokens is now nearly $34 billion, handling some $13 billion in trading volumes. That’s considerably more than the $18 billion peak during the defi summer of 2020. There’s numerous tokens now with a market cap above $1 billion, Aave is rising to the very top of them all with $2 Billion Market Cap. Read Full on Trustnodes.

Pomp Says Bitcoin's Potential Is Underestimated By Everyone In Crypto Industry

Morgan Creek Digital founder Anthony Pompliano thinks that the entire cryptoverse is underestimating Bitcoin’s potential to completely overhaul the global financial market. On an episode of Real Vision with Raoul Pal, Pompliano reveals what he truly believes about Bitcoin. The CEO compares the potential future mass adoption of Bitcoin to the natural digitization process of all assets and products, noting that the digital version of everything has always come out on top. Read Full on The Daily Hodl.