
Market Wrap: Bitcoin Drops to $36.3K as DeFi Jumps to $32B on Ether FOMO
The amount of crypto in USD values locked in decentralized finance has reached $32.8 billion, a new high.
The amount of crypto in USD values locked in decentralized finance has reached $32.8 billion, a new high.
A bullish bitcoin mentality appears to be forming in the options market while ether continues on its roller coaster.
Bitcoin dipped Monday as some liquidations took hold while Ethereum 2.0 dynamics have influenced the amount of ether locked in DeFi.
Bitcoin continues to appreciate in price as ether options interest wanes after a hot November.
Bitcoin slipped below $18,000 again Thursday as ether’s volatility in 2020 shows a different dynamic.
Bitcoin fell below $18,000 Wednesday while DeFi closing in on $15 billion locked may have more to do with price than actual cryptocurrency parked there.
Bitcoin’s price is making gains for the second day in a row as investors park more crypto in decentralized exchange Uniswap.