Huobi Launches Custody Business and Bitcoin Bull Market Tab

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The value of Bitcoin has crossed the $ 10,000 mark thanks to DeFi and stable coins / other coins.

This week the Bitcoin market has some exciting news. Bitcoin's value has exceeded psychological expectations of $ 10,000. Can the price of Bitcoin allay people's worries that it is falling below $ 9,000 and impacting the price drop? The price of Bitcoin crossed the $ 10,500 mark on Monday. Experts say that only by controlling this price can bulls in the Bitcoin market be successful. . While there are still concerns about Bitcoin's collapse, there is no belief that Bitcoin is in good shape. Examining the causes of the rise in Bitcoin prices, some analysts also suggest that it is due to the direction of DeF (Decentralized Finance). Chris Thomas, Director of Digital Resources at Brokerage Swissquote, believes DeFi is key to the overall growth of the cryptocurrency business.

Other factors have also contributed to the rise of Bitcoin, such as the growth of stable adoption in the market. The problem is that altcoins also affect the value of Bitcoin. When Bitcoin flooded the exchange, the total altcoin cryptocurrency market was only around 61%. "Some industry analysts say Bitcoin is flooding the coin exchange to join the market, which has reinforced the importance of the DeFi platform." However, crypto analysis firm Santiment suggests that the rise in Bitcoin could give whales and institutions a preference for large, high-end modern cryptocurrencies (DAAs). They also argued that this exchange could go on for a long time, given Bitcoin's high DAA.

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Adresse active Ethereum

Ethereum prices have risen this week, hitting the highest level since 2019. However, the current price of Ethereum has outpaced all other locations. However, this does not mean that the number of Ethereum addresses will be reduced. Indeed, the number of addresses is increasing. Like Bitcoin, Ethereum's price increase is also due to DeFi demand. As we mentioned in the news last week, Ethereum's high price is not a good sign, and there is no more increase in the number of sites.

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Huobi access to digital heritage

Institutional cryptocurrency exchange firm Huobi recently started leveraging and implementing the agreement of various exchanges, including himself, that more and more of the company's businesses will expand the acceptance of secure digital. Personal digital heritage storage platform. In an interview with Cointelegraph, Ciara Sun, director of Huobi's global distribution business, argued that digital marketing companies' market share will continue as the vetting process becomes more evident. Interestingly, Ciara Sun cites a lack of recognition from the current organization for the lack of facilities such as supervision. The announcement of Huobi's focus must be made directly on the lack of business potential in digital assets.

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digital security

This week, the real estate industry has increasingly embraced digital security. Partners tZero and St. Following the merger of insurance companies Regis Aspen, the latter announced this week that they would release 19% of the $ 18 million in assets to the private sector through digital technology. It is well known that architects have started to open their doors to private entrepreneurship. Discussing the benefits of switching to the real estate industry, tZero Founder and CEO Stéphane De Baets said: “This move could strengthen management and tools. The assets are transparent and should increase the value of the product. Anyone can join tZero. Open an ecosystem account and select St. Invest in digital real estate at the Regis Aspen hotel. "

The previous article concludes

1. Bitcoin cost over $ 10,000 due to the use of DeFi and more.

2. The height of Bitcoin DAA is yet to increase.

3. Although the cost of living space exceeds demand, and payment strategies may lower the cost of living space, Ethereum's costs continue to rise.

4. Huobi cryptocurrency exchange enters the realm of digital assets, allowing more organizations to receive digital assets.

5. Saint Regis Aspen and its partner tZero have increased the digital use of their assets.