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Yusra31
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According to its Q2 2021 Market Observations Report Genesis a large cryptocurrency lending and trading bureau has revealed that emerging currencies such as Ethereum and defi tokens have grabbed a significant share of the market. These currencies have taken a huge chunk of interest away from bitcoin which has traditionally been the go to cryptocurrency for institutional investors according to Genesis.
Bitcoin trade accounted for nearly 47 percent of all transactions on Genesis' platform according to the research. However this is a significant decrease from the 80% market share bitcoin held in Q2 2020. The majority of bitcoin's market share was lost to ethereum which accounted for 25% of all volume exchanged over the same time period.
Bitcoin trade accounted for nearly 47 percent of all transactions on Genesis' platform according to the research. However this is a significant decrease from the 80% market share bitcoin held in Q2 2020. The majority of bitcoin's market share was lost to ethereum which accounted for 25% of all volume exchanged over the same time period.