Market Wrap: Bitcoin Bounces to $11.8K as Ether Option Traders Go Bearish
Bitcoin broke through $11,800 Friday while traders are anticipating an ether fall based on the options market.
Bitcoin price took another dive while DeFi is still looking mighty attractive to investors.
Bitcoin’s price is dipping while ether’s share of the crypto market is at a level not seen since 2018.
Bitcoin price saw little action on Tuesday. Meanwhile, the value of crypto locked in DeFi has gone down for the first time.
The bitcoin market went bearish as the price dipped while DeFi fees as a percentage of revenue for Ethereum miners is at an all-time high.
Bitcoin’s price jumped to $11,784 while the top decentralized exchange crossed a half-billion dollars in daily trading volume.