Genesis reports a downtrend in Bitcoin demand as institutions move on to Ethereum, DeFi

Genesis reports downtrend in BTC demand as institutions prefer ETH, DeFi

‘Tis the season of releasing earnings reports, and the third-quarter growth has not so well for some companies directly engaged in cryptocurrencies. This has been largely thanks to the wild price fluctuations Bitcoin has experienced lately. For instance, Microstrategy, the world’s biggest corporate holder of Bitcoin, witnessed paper losses from holding the digital asset on …

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