Market Wrap: Bitcoin Dips to $34.4K as Big-Name DeFi Tokens Trounce ETH
Bitcoin may be down now but there is still growing demand for crypto assets, one analyst said.
The last time bitcoin’s closing price was under $30,000 was Jan. 1, according to CoinDesk 20 data.
The investor spotlight is now shining on DeFi tokens and trading.
Bitcoin has been trending higher for two days but ether is in the spotlight now.
Its price fell Tuesday but the amount of BTC in DeFi is at its highest in over a month.
There appears to be strong support around $30,000, according to traders.