Identifying how Bitcoin is 'winning' despite all the China FUD

In any financial ecosystem, a ripple effect is an actual phenomenon. More often than not, it is extremely apparent in the cryptocurrency industry since one thing leads to another and the market sees a response. Bitcoin and co. faced a similar conundrum after the recent Chinese "ban" on crypto-trading and services. However, while a period of market drawdowns was expected across the board, the turnaround was a little different. Are the Chinese turning to DeFi-land? In a recent article, we identified how Uniswap's market has taken advantage of the recent situation in China. However, it wasn't the only DeFi asset…