Bitcoin stabilized above $77,000 after oil prices, which had surged to nearly $110 per barrel, pulled back to around $104. This easing in oil prices reduced inflation concerns and the pressure on interest rates, helping risk assets like Bitcoin and U.S. stocks recover. However, the relief may be short-lived as oil supply disruptions and depleted reserves could trigger another price spike. Investors should watch oil markets closely, as Brent crude remains above $100 and inflation risks persist, keeping Bitcoin's outlook cautious despite the recent bounce.
Convex Finance's total value locked (TVL) increased by $28.98 million over six days, reaching $596.64 million on October 21, a 5.1% gain from October 15. Despite this rise, the TVL was still 4.3% below the $623.54 million recorded on October 1. The C...
Convex Finance (CVX) saw a 22% value increase to $260 million, driven by a record 32,410 token holders and a $30 million rise in Total Value Locked (TVL). Token Holder Income reached $499,000 this month, while protocol fees jumped to $137,430, indica...
The real-world asset (RWA) sector saw the largest 24-hour gain of 5.93%, coinciding with Bitcoin rising above $83,000 and Ether exceeding $2,400. Bitcoin increased by 1.77% and Ether by 2.64% during this period. Other sectors like NFTs, meme tokens, ...
