Citibank, one of the world’s largest banks, claims that institutional and individual interest in Bitcoin (BTC) and crypto money market has decreased, while it expects the interest in decentralized finance (DeFi) to increase in 2023.
citi December 12 In a research report published on unsuccessful many with centralized cryptocurrency initiative next 2023 One of the center of interest in finance applications in to DeFi He said he might slip.
General in the cryptocurrency markets your open positions in decline The report pointed out that ETFs and derivatives the one which… Corporate of your interest that it is decreasing attention was drawn.
During the year, the bank Voyager Terra (LUNA) Celsius (CEL) failures of central finance applications such as significant damage claimed to have given. of regulations yet incomplete bankruptcies and management errors originating from Corporate and individual to the central financial area of the party suspiciously to approach claimed to have caused it. failures in the report. DeFi protocols your strength It was underlined that you could
As for cryptocurrencies Joseph Ayoub The analyst team led by investors proportional to falling prices. to cryptocurrencies waning their interest Put forward. Analysts dominate the cryptocurrency market leverage and volatility quite compared to the past. watching low stated. The report specifically individual investor’s It has been claimed that his interest in cryptocurrencies has drastically diminished. Open positions in Bitcoin 23 billion from dollars 9 billion Citi stated that the value of crypto money markets has decreased to $ 18% depreciating to the S&P index opposite over 60% He wrote that he lost value.
According to the report, stablecoins are only 5% redemption survived the year 2022. year 150 billion Among the stablecoins that are prepared to close with a market value of more than $ Tether (USDT)approx. market value 10 billion losing dollars USD Coin (USDC)managed to maintain its market value throughout the year. Binance USD (BUSD) if USDC and USDT on the contrary, the market value to increase succeeded.