Market Wrap: Bitcoin Blasts Past $10,000; Ethereum Fees Up 550% in 2020
Bitcoin is experiencing high volumes, pushing the price close to $11,000. Meanwhile, Ethereum fees are up 550% this year.
On May 19, bitcoin-dollar volumes set records on some markets accessible to U.S. investors.
The recent surge in DeFi activity is altering the crypto market.
Technical data suggests lower support around $34,000 could stabilize the current pullback.
In the latest CoinDesk 20 revision, five assets were replaced by crypto assets that saw recent quarterly volume surges.
Daily trading volume on Uniswap surged by over 1,200% to a record $2.04 billion, surpassing the previous record high of $953.59 million registered on Sept. 1 by a big margin.