Market Wrap: Bitcoin Bumps to $38.6K While DeFi Exchanges Hit $50B
Crypto spot volumes rose to the second-highest level in over a month.
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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 price is flirting with $10,800 territory while DeFi soldiers on.