Analyst: Bitcoin’s 20% Surge Ruptured DeFi Boom, Projects Dive 20% or More

Analyst: Bitcoin’s 20% Surge Ruptured DeFi Boom, Projects Dive 20% or More

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While Bitcoin was trading sideways, small-cap altcoins, decentralized oracles, and DeFi tokens were the stand out crypto market performers for several months.

However, as the first-ever cryptocurrency and Ethereum began pumping over the last week, DeFi projects were decimated. Has the latest rally in majors exposed decentralized finance projects as nothing more than hype?

Ethereum and Bitcoin…

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