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In brief
More than $8 billion in cryptocurrency is now locked in DeFi smart contracts.
That number has doubled since the end of July, says DeFi Pulse.
Aave has recently taken the lead over Maker thanks to explosive growth.
Bitcoin (BTC) price has seen a massive rally in previous months, accelerating from $10,000 to a recent all-time high of around $23,700. This is a rally of 135% in just a matter of a few months.
It’s speculative to discuss where the price of Bitcoin could run from here.
Bitcoin (BTC) may see a price boost this week as the U.S. dollar currency index (DXY) weakens and one analyst tells American voters to buy.
Data showed DXY dropping for a fourth day on Oct. 1, as negotiations over a new coronavirus stimulus deal continued in Washington.