1. Retail buying through PayPal is likely helping push bitcoin’s price higher while traders are hoping to get into an ether options market with potential volatility similar to March 2020. Bitcoin (BTC) trading around $36,122 as of 21:00 UTC (4 p.m. ET). Gaining 5.7% over the previous 24 hours, which trading range was between $33,875 and $36,122. The total market value of cryptocurrencies exceeds USD 1 trillion, reaching USD 1.032 billion.
2. According to The Block’s statistics, in December 2020, the network traffic of cryptocurrency trading platforms broke a record high, reaching 196.17 million visits. Specifically, the transaction volume in December increased by 23.5% compared to November. Ranked first is Binance, with visits increasing from 44.74 million to 56.3 million, a year-on-year increase of 25.84%. During the same period, Coinbase’s visits increased from 37.48 million to 48 million, an increase of 28.07%; Kraken’s visits increased from 7.01 million to 8.7 million, an increase of 24.11%.
3. On January 7, Uniswap founder Hayden Adams tweeted that the current Uniswap liquidity pool funds have just exceeded 3.1 billion US dollars, almost the same as the historical high. Even if there is no incentive for UNI liquidity mining this time, there will still be hundreds of real users creating millions of dollars in transaction fees every day ($14.1 million this week).
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