Binance’s DeFi index crashes 60% as Bitcoin overshadows altcoins
Cointelegraph
Published Nov 06, 2020 06:00AM ET
Updated Nov 07, 2020 10:20AM ET
Bitcoin (BTC) resurgence is continuing to sap capital from the altcoin markets as other cryptocurrencies are struggling to catch up to BTC.
The DeFi Composite Index, first launched by Binance Futures in late August, is seeing its second month of strain, trading down from its all-time highs of close to $1,200 to under $400, a decline of roughly 60%.
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Written By: Cointelegraph
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