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Crypto Will Survive

Email newsletter issued 23 Jun 2022 - Subscribe

Another difficult week for the crypto market, but Bitcoin continues to cling on to the $20k mark at the time of writing. Whilst it's certainly been a very stressful period for crypto, we've seen periods like this before and like the others, this period shall pass.

It's worth taking a moment to remind ourselves why cryptocurrency and in particular Bitcoin is here to stay.

The Bitcoin network has been running non-stop for over 13 years now. During this time it has never missed a beat. Irrespective of politics, financial markets or any other external body it just keeps processing those transaction blocks every 10 minutes. During this time it has never been hacked, never had a major code bug and never paid any attention to any government bans.

Over these 13 years the total number of bitcoin that will ever exist has remained the same at 21 million, with just over 19 million bitcoin mined so far. Meanwhile, over the same period the total supply of US dollars has increased from around $1 trillion to around $6 trillion. Central bank money printing has caused inflation of fiat currencies such as the dollar to become completely out of control.

The domino effect of the failure of one over-leveraged crypto company then having knock-on effects on other crypto companies and funds is painful to watch. However, there is a certain purity about the crypto ecosystem that causes it to self regulate. There will be no government bailouts. No kicking the can down the road. Some crypto companies will fail and in many cases that will be a good thing as it will clear out businesses that were not well managed or were taking too much risk. It is cathartic, and it gets the pain out of the way relatively quickly unlike the endless propping up of the legacy fiat currencies by central banks, which just masks the problem whilst it continues to grow.

What will remain is solid, well-run businesses that will now be further battle-hardened by this crisis. Whilst it can be difficult to see at the current moment, crypto will emerge stronger than ever once the market stabilises. The level of talent in the crypto community is incredibly high, adoption levels are at all-time highs and the idea of sound digital money that can be sent anywhere in the world and which can't be manipulated by governments is too compelling for the crypto ecosystem to do anything other than continue to grow.

We welcome any feedback, so please just email us at info@definda.com if you'd like to get in touch.

Matt & the Definda team

Best Instant Access Bitcoin Savings Rates

This week's best instant access Bitcoin savings rates. The table shows the maximum deposit that the rate is available for. Deposits above these levels will typically attract lower rates.
5.25% APY Up To 0.1 BTC Go
 5.2% APY Unlimited Go
   5% APY Up To 0.01 BTC Go
   4% APY Up To 1.05 BTC Go
   4% APR Unlimited Go
 3.5% APY Up To 0.1 BTC Go
   3% APR Up To 4.2 BTC Go
   3% APR Up To 1.26 BTC Go
 1.5% APR Unlimited Go
   1% APY Unlimited Go
0.25% APR Unlimited Go
View All Bitcoin Savings Rates

Highest Altcoin Yields

This week's highest yielding altcoins. These are highest yields we could find across all our listed crypto platforms.
30% APR Go
25% APR Go
23% APR Go
20% APR Go
18% APR Go
16% APR Go
15% APY Go
14% APR Go
14% APR Go
11.7% APY Go
Note: Whilst some coins offer high yield it is important to consider the price trend of the coin and its fundamentals. Yield income could be offset by a drop in the value of the coin.
View All Coin Savings Rates

Cheapest Crypto Loan Rates

This week's cheapest loan rates from the thousands of crypto loan products that we track. Use our loan calculator to fully explore available loan, collateral, LTV and term options. We have included just one example loan from AAVE, but AAVE offers many other highly competitive loan rates.
LTV Collateral Accepted Rate
50% 0.00166% APY Go
20% 4.5% APR Go
20% 4.5% APR Go
35% 5.5% APR Go
50% 6.5% APR Go
70% 7.5% APR Go
35% 7.9% APR Go
50% 7.9% APR Go
50% 9.75% APR Go
50% 12% APR Go
View All Loans

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Biggest 7 Day Crypto Price Movements

The biggest price increases and decreases this week across the top 100 cryptos. Change in price over the last 7 days shown.
Gainers Losers
Celsius logo CEL 65.5% UNUS SED LEO logo LEO -4%
Flow logo FLOW 63.6% Neutrino USD logo USDN -0.2%
Oasis Network logo ROSE 45.4%
Decred logo DCR 39.1%
Optimism logo OP 35.3%
NEAR Protocol logo NEAR 32.6%
Zcash logo ZEC 29.4%
Quant logo QNT 27.1%
Avalanche logo AVAX 26%
Trust Wallet Token logo TWT 25.3%

Biggest 7 Day Movements Against BTC

The biggest 7 day price increases and decreases of the top 100 altcoins against bitcoin. This shows whether an altcoin has done better or worse than bitcoin over the last 7 days.
Gainers Losers
Celsius logo CEL 66.6% UNUS SED LEO logo LEO -7.2%
Flow logo FLOW 54.3% Bitcoin Gold logo BTG -6.6%
Oasis Network logo ROSE 31.6% BitTorrent-New logo BTT -5.9%
Decred logo DCR 31.2% Cronos logo CRO -4%
Zcash logo ZEC 21.8% Fei USD logo FEI -3.7%
NEAR Protocol logo NEAR 20.6% Neutrino USD logo USDN -3.5%
Quant logo QNT 18.9% Dai logo DAI -3.3%
Avalanche logo AVAX 18.8% Binance USD logo BUSD -3.3%
The Graph logo GRT 17.3% USDD logo USDD -3.2%
Mina logo MINA 15.3% Tether logo USDT -3.2%
View All Coins
Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

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