Last Week in Crypto - Wall Street Becomes Crypto-Fearless (Ethereum Undervalued!)
2020-07-21
This is the second episode of a weekly cryptocurrency news series called Last Week in Crypto.
We cover the latest global news stories affecting the cryptocurrency markets July 12th through 17th of 2020.
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=== VIDEO SUMMARY ===
Hello, I’m Crypto Casey and welcome my new video series: Last Week in Crypto.
In this episode we will talk about what happened in the market, the market cap of decentralized applications on Ethereum, what’s happening in the DeFi asset class, how institutional investors are absolutely flocking to crypto in droves, and what that means for the future value of the cryptocurrency market at large.
Bitcoin’s 7 day moving average was about -0.9%, and Ethereum at -3.7% overall.
And looking at the charts it’s just been steady, uneventful sideways movement staying between a narrow range of $9,100 and $9,300.
Chainlink was described as becoming the 'Tesla' of cryptocurrency.
Ethereum-based tokens are now collectively valued at $33 billion, while Ethereum’s market cap sits at around $27 billion.
2020 has marked a big shift in attitudes in cryptocurrency from Wall Street and turned the bitcoin-fearful into the crypto-fearless.
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