#CPI data release: bullish or bearish? Bitcoin's market share has risen to its highest level in three years, reaching 59%; meanwhile, the market share of Decentralized Finance (DeFi) has fallen to its lowest. However, the volume on Decentralized Exchanges (DEX) has reached a historical high of 13.9%, with the number of new Tokens launched on DEX remaining stable. The proportion of futures trading volume is also increasing. DeFi has not disappeared, but Bitcoin may dominate the market in the coming years.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#CPI data release: bullish or bearish? Bitcoin's market share has risen to its highest level in three years, reaching 59%; meanwhile, the market share of Decentralized Finance (DeFi) has fallen to its lowest. However, the volume on Decentralized Exchanges (DEX) has reached a historical high of 13.9%, with the number of new Tokens launched on DEX remaining stable. The proportion of futures trading volume is also increasing. DeFi has not disappeared, but Bitcoin may dominate the market in the coming years.
#CPI data release: bullish or bearish? #BTC