I hope you are having a fantastic day wherever you are in today's blog we're not only going to be spending some time to do a broad cryptocurrency market overview taking a look at bitcoin for our altcoin market some of the market leaders and some of the place we've been holding to keep on the edge of the market but along with that as well talking about some big developments bitcoin hitting a new all-time high in hash rate even after the having event and along with that as well possible news for coming back to the united states
We started to bundle some of the projects that were being built on top of ethereum really i remember watching back here in the day when kyber network was just launching and also again in the early days here when compound was coming to the forefront to see a hundred million dollars locked up in defi or 200 million dollars that was a big milestone and we kind of hung in that range for a long period of time until early 2019 when things again started to accelerate and when we hit the big billion dollar figure
It was a lot but man did we blow past that and are we at all time highs here in regards to decentralized financial holdings this is basically the total value locked up for tvl in regards to what's being held within defi projects maker still holding the crown here as they've started to take in decentraland and a few other assets into their balance sheet for being able to generate die as a stable coin ave curve finance synthetics compound urine finance wrapped bitcoin accelerating at rapid rates
I want to give some kind of shout out to some of these individual projects i know that rap bitcoin has played a huge role in boosting d5 as there's been more and more bitcoin in fact nearly a doubling here almost within just a couple of weeks here in the sense the amount bitcoin we can see here just the accelerated growth if we take the all-time time frame here it's just going absolutely parabolic or vertical now along with that as well maker's been having healthy growth but we can see here over the last 24 days rin vm getting a lot of love we've been talking about ren
It's been one of our top 10 coins for the year since all the way back here in june that we talked actually i'm sorry this is actually june 2020. we talked about it back in june of 2019. it's really awesome to see here as the actual mainnet has launched that they've been getting an acceleration and have more than doubled actually practically tripled their assets here in just about a week this is fantastic to see guys again if the focus is not on d5 you're likely not going to be in a lot of these plays guys and in regards to that if you're not in these kind of plays or focusing on these kind of categories
You're going to probably be missing out to some degree now again looking here the long-term chart we've got the break out of the wedge here bitcoin holding exactly where it needs to be one thing that's very important to note here if we turn off our drawings and just focus on price action this is looking like an ascending triangle here we've got basically our top of resistance here and along with that as well we've got our higher lows here that are being set again generally speaking higher lows flat top ascending triangle
This usually leads to a breakout now again i'm going to be waiting to see what happens here because this is almost it almost appears a little too obvious but we'll see what happens here if we can kind of have a solidified close above 12,000 we have yet to get that here and these these highs here
If we can get that i think it's going to be a pretty big confirmation that we're going to follow through and go towards our target of 13k in the short term all right and again after that probably see some kind of consolidation now take a look at all coins here guys it's looking fantastic we've got the sms indicator here holding