DeFi Protocol SushiSwap’s SUSHI Token Hits Record High, Eyes Further Gains
Institutional investors might be warming to tokens associated with decentralized finance (DeFi).
A gain this month would mark the sixth straight monthly increase for bitcoin, the first time that’s happened in seven years.
If bitcoin can stay above $50,000, it would mark an end to the recent pullback, an analyst said.
Federal Reserve chairman Jerome Powell is expected to address rising bond yields later on Thursday.
Bitcoin bulls struggle to pare the weekend's losses despite a strong start on Monday.
Institutions are buying more bitcoin per month than what's being mined, and there just isn't enough for everyone.