New research expects a gloomy year for Bitcoin as DeFi and DAOs rise -Breaking
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The cryptocurrency industry’s other major player is noting that 2018 will be a difficult year.BTCIn 2022. Following the United States Federal Reserve’s and other central banks’ tightening of liquidity measures, Huobi Research believes that BTC will enter a bear market. The brighter side is that decentralized finance, or DeFi, will continue expanding and adapting, with the decentralized autonomous organisation (DAO), governance eventually becoming the major driver of activity.
Bitcoin and EtherETHThe cryptocurrency market saw its prices drop by $150 billion on Thursday night. Bitcoin prices have fallen by $150 billion in the past 24 hours. Loss of approximately 7.9%Its value could drop to $38,788 as of the date of writing.
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