eToro’s Weekly Roundup Points to Bitcoin Bulls

eToro’s Weekly Roundup Points to Bitcoin Bulls

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The popular trading platform eToro has released their weekly cryptocurrency roundup, highlighting the Bitcoin bull run, especially the impact from Asian markets, as well as the impact of DeFi.

eToro has released their weekly cryptocurrency roundup, mainly highlighting the current bull run that Bitcoin and the entire cryptocurrency market as a whole is experiencing. eToro gives a lot of the credit for the positive Bitcoin momentum to the Asian cryptocurrency markets, with increased interest as the dollar continues to weaken internationally. Although we are seeing an increase in interest in Bitcoin, in general, Bitcoin’s dominance rate is falling, indicating broader interest in the entire cryptocurrency ecosystem as a whole. Altcoins like Cardano (ADA), Tezos (XTZ), and Stellar (XLM), have all seen large rallies when compared to Bitcoin, pushing Bitcoin’s dominance level to a 12-month low.


There are 2 key points that eToro wants to highlight for their followers:
• Bitcoin for the bold
• Gold for the old


With increased uncertainty and instability worldwide, investors are looking for safe haven assets to protect and store their value. For older generations, this means buying gold, pointing to the recent massive growth in golds price. Younger generations, such as millennials, are also looking for safe assets, but have opted to store their value in Bitcoin.

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