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Deutsche Bank survey indicates evolving consumer sentiment on bitcoin's price, while regulators caution against its risks. Cryptocurrencies are seen as a future asset class, with varied predictions for bitcoin's price by 2024.
The total volume in DeFi is currently $4.15 billion, 9.67% of the total crypto market 24-hour volume. The volume of all stablecoins is now $39.65 billion, which is 92.29% of the total crypto market 24-hour volume, as per data available on CoinMarketCap.
More and more Chinese investors are using creative ways to own bitcoin and other crypto assets that they believe are safer than investing in crumbling stock and property markets at home.
Leading Indian crypto exchange Coin DCX has recorded a sharp increase in deposits post-FIU's action. Another prominent crypto exchange, CoinSwitch, witnessed a jump in trading volumes. It also reinstated crypto deposits on Thursday, a service which it had suspended last year.
Bitcoin continued to remain firm as it surged more than 3 per cent and managed to race-past above 35,500-levels, while Ethereum, was also 3 per cent up but remained below $1,900-level.