Market Wrap: Bitcoin Bumps to $38.6K While DeFi Exchanges Hit $50B

Bitcoin price jumped after a sleepy weekend while ether options interest has been weaker than the past month.

Its price fell Tuesday but the amount of BTC in DeFi is at its highest in over a month.

Bitcoin’s price hit $13,600 before retrenching while some investors pulled crypto out of DeFi.

Bitcoin’s price was close to $16,000 Friday but lost momentum while ether locked in DeFi is on a downward trend.

Bitcoin’s price crested an all-time high $40,000 mark while DeFi total value locked hits a new record on market fervor.