Bitcoin News Roundup for Nov. 12, 2020

With BTC breaking above $16K and DeFi reaching new record highs, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

This episode is sponsored by Crypto.com and Nexo.io.

Today's stories:

Bitcoin Price Breaks Above $16K for First Time in 3 Years

Bitcoin's price breaks above $16,000, reaching an almost three-year high.

Total Value Locked in DeFi Sector Hits Record $13.6B

The U.S. dollar value of the cryptocurrency liquidity locked up in decentralized finance is surging, buoyed by big gains for some lesser known projects.

98% of Bitcoin's 'Unspent Outputs' Are Worth More Than When Made 

The percentage of bitcoin unspent transaction outputs (UTXOs) in profit recently topped 98%, the highest level since December 2017.

US Representatives Rip OCC, Brooks for 'Excessive Focus' on Crypto

Congressional Democrats blasted the OCC and Acting Comptroller Brooks for spending time on crypto during a pandemic.