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.

btcaug17

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  

$165,000,000

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


Final Thought

Maybe the gold v. crypto debate has some legs?