The world’s oldest cryptocurrency , bitcoin, continued to fall as big investors sold off their positions. On the other side, DeFi is making some noise as the amount of bitcoin locked into DeFi is at the highest for the month. Cryptocurrencies have come under pressure in recent times despite interest from big financial institutions such as BlackRock and Goldman Sachs. In a recent survey conducted by financial services major Deutsche Bank, respondents listed bitcoin to be in the ‘extreme bubble’ zone. Bitcoin got a score of 8.7, while US technology stocks came in second with a score of 7.9, followed by 6.2 for European government bonds.

Source: Mint January 27, 2021 07:55 UTC