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.
The firm announced buying an initial 15% interest in a dedicated dogecoin and litecoin mining facility.
Alternative cryptocurrencies are surging as bitcoin consolidates after its recent record-breaking rally.
This follows the introduction of products for bitcoin and ethereum this year.
The amount of crypto in USD values locked in decentralized finance has reached $32.8 billion, a new high.
The last time bitcoin’s closing price was under $30,000 was Jan. 1, according to CoinDesk 20 data.
Though bitcoin's rally has lost some steam, many traders are still in a bullish mood – and shifting to alternative cryptocurrencies known as "altcoins" whose prices have yet to clear all-time highs from years past.