While election uncertainty loomed this week, one thing remains certain, Bitcoin is in a parabolic bull run and is looking strong!
Bitcoin rose over $2,500 dollars (16.5%), hitting nearly $16,000 just within the last week, blasting through resistance and showing the world that the digital financial revolution has arrived.
During historic Bitcoin bull-run cycles, altcoins underperform as Bitcoin dominance rises and crypto investors sell their altcoins in order to join the Bitcoin rally. This cycle has been no different, as altcoins have underperformed, DeFi assets are now at lower levels against BTC than they were at the start of the DeFi mania earlier in 2020.
But hope is on the horizon. Ethereum released the ETH 2.0 contract this week, giving early adopters the ability to stake their Ethereum in preparation for the launch of ETH 2.0.
Ethereum 2.0 brings much-needed scalability to the blockchain and will migrate the chain from proof of work to proof of stake, generating transaction rewards to those running full nodes on the Ethereum chain via staking 32 Ethereum.
While Ethereum had been underperforming Bitcoin, the announcement of ETH 2.0 caused a spike in Ethereum’s price, up 16.6% this week, which is expected to continue to rise. Already over 30,000 Ethereum have been staked on ETH 2.0, and 524,888 Ethereum is the number needed for its launch, which is expected to debut on December 1st.
With Bitcoin’s impressive and relentless price action at center stage of the crypto market, due to the media’s attention being elsewhere, this bull run has, for the most part, been flying under the radar. Although the fundamentals have never been stronger, one can only guess what the next all-time-high for Bitcoin will be at the top of this run.
As Ethereum 2.0 goes live, and more and more Ethereum is locked and pulled out of circulation from staking to DeFi, many anticipate it will elevate the altcoin market with it. As the excitement in the crypto market continues to build, it’s clear that the digital financial revolution will be tokenized.
Top Market Movers
- Decentraland (MANA) +34%
- Verge (XVG) +30%
- Golem (GNT) +18%
- Bitcoin (BTC) +17%
Voyager Hits 100 Million AUM
Voyager’s Assets Under Management (AUM) have officially surpassed $100 million, up 20X from the $5mm it was at the end of last December.
“Over the last few months, Voyager has experienced exponential growth on our platform which has resulted in our AUM exceeding $100mm,” said Stephen Ehrlich, Co-founder and CEO of Voyager. “Voyager’s offering of over 50 digital assets, including 22 interest-bearing assets, is winning over investors. As we increase our marketing reach, investors are gravitating to Voyager’s commission-free, easy to use platform, evidenced by our daily deposits increasing 25x since December.”
Read the full press release here.
Voyager’s CEO & COO To Speak At Benzinga’s Global FinTech Awards
Voyager has made Benzinga’s FinTech Awards Finalists lists for 2020 in the “Best API” category! The annual event will be held virtually this year on Tuesday, November 10th. The winners for each category will be announced during the opening remarks, so make sure to tune in at 9:30 AM EST!
Both our CEO Steve Ehrlich and COO Gerard Hanshe are scheduled to speak at this year's conference.
As a featured panelist, Gerard Hanshe will be speaking at 3:40 PM EST about Voyager hitting a new record of deposits on the platform, Bitcoin’s increasing performance, and future company updates.
Later on in the evening, around 5:15 PM EST, our CEO Steve Ehrlich will be giving a presentation about the crypto market and Voyager’s bright future.
Make sure to register for the event here. You won’t want to miss it!
Cointelegraph > "Bitcoin sees record 100 days above $10K as one analyst eyes ‘parabolic’ 2021."
Cointelegraph > "Ethereum 2.0 begins launch process as deposit contract goes live."
Cointelegraph > "Zero-sum game: DeFi declines while Bitcoin booms."
Decrypt > "What is Ethereum 2.0 and Why Does It Matter?"
Decrypt > "Zero-sum game: DeFi declines while Bitcoin booms."