Market Wrap: Bitcoin Quiet at $9.3K While DeFi Gets Loud
Most markets are quiet while activity seems to be increasing on Ethereum’s DeFi network - which could help explain ether’s outperformance of bitcoin in 2020.
After a quick dip in the crypto market, bitcoin is holding steady amid precariousness in the options market and the greater economic picture.
Bitcoin experienced a dip on Wednesday, but equities and other assets also dropped on an uncertain economic outlook.
Equities continue to beat bitcoin’s performance, but everything is making gains Monday.
Trading volume in the crypto market weakened Tuesday but bitcoin is still holding strong from a recent rally.
Lower bitcoin spot volumes and flatter-than-usual price action doesn’t mean crypto traders have zero opportunities to capitalize.