First Mover Asia: Bitcoin Eyes $30K Amid Steady Institutional Interest

The total value locked (TVL) of version 3 (v3) blockchains has increased by 15% since the beginning of the month to $1.76 billion, data from blockchain analytics firm defilama shows. Aave’s TVL has skyrocketed 300% since January 1, widely outpacing other major cryptos during this period. Bitcoin and Ether, the two largest digital assets by market capitalization, are expected to rise by 70% and 50%, respectively, in 2023.