Bitcoin Hits A New 2020 High

Plus some significant new milestones for DeFi

Happy Monday, Blockfolians

The Lede

Seriously, it’s a very happy Monday. The bitcoin price hit a new high of $12485 and is currently trading around $12,333.


Volume was also up on Monday. Volume on Coinbase for example had been averaging a little over $180 million but was already up at nearly $250 million on Monday.

DeFi world also continued its tear. You may remember just a few weeks ago when we lauded DeFi hitting $3B in total value locked. That total has now shot up over $6 billion.

To be honest, it feels like we’re at the beginning of this bull cycle. Who knows - maybe in a month or two even these milestone numbers will seem quaint.

Exciting times!

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Highly Relevant Reading

Community Commentary

Dave is here, and he’s absolutely loving the pump and dumps.
Does Joe’s critique of bitcoin’s focus on sound money over censorship resistance ring true?

A Really Big Number We Should Be Paying Attention To  


That’s the amount Pantera has raised so far for their new fund

Final Thought

Maybe the gold v. crypto debate has some legs?