Bitcoin's Raging Week As Ethereum Breaks $400: Weekly Market Report

View in browser Weekly Crypto Market Update BTC $11,800 | ETH $440 | XRP $0.299 | Total Market Cap: $369 Billion This week was easily one of the most eventful ones in the cryptocurrency field in terms of overall developments, especially in the DeFi sector. Starting with Bitcoin, however, not much changed since last week. BTC price started trading at around $11,800 seven days ago, and it's currently at roughly the same level. However, this doesn't mean that there was no volatility. On Monday, BTC briefly broke for the second time above $12,100, causing serious enthusiasm in the community. Over the next few days, however, the cryptocurrency reversed and dropped to as low as $11,100, only to rebound and reach its current trading point. What happened in the DeFi space, however, is nothing short of amazing. On August 12th, a group of developers launched an experimental protocol called YAM that combines the inherent qualities of both YFI and Ampleforth (AMPL). In less than 24 hours, people locked about $600 million in the protocol, elevating the yield farming craze to a whole new level. Read The Full Market Update Price Analysis Overview of Bitcoin, Ethereum, Ripple, Chainlink, and WAVES This week we've taken a closer look at the performance of Bitcoin, Ethereum, Ripple, Chainlink, and WAVES. For an in-depth look, read more.  YAM: From $160 Million to Zero The story of YAM Finance, the experiment that ended in a catastrophic failure and evaporation of almost all its investors' funds. Read more Spend Your Crypto On Gift Cards [Sponsored] Coinsbee is a revolutionary service that allows its users to spend Bitcoin anywhere using gift cards. Read more here. 91 Maritza, Plovdiv Bulgaria You received this email because you signed up on our website or made a purchase from us. Unsubscribe