Ether’s dominance is at 19.78%, the highest it has been since May 16.
“What saddens me is the way the weak hands and recent buyers see Elon Musk as a prophet, powerhouse and decisive figure in bitcoin,” said one trader.
The DeFi-related assets have grown by double digits so far this year.
Ethereum Classic pops 53%, while bitcoin recovers and ether pushes back toward its all-time high.
The last time bitcoin traded at this level was almost two weeks ago, on April 17.
Volumes on the CoinDesk 20 eight spot BTC venues was over $8 billion for the first time since Feb. 23.
The firm said it has brought 12 different crypto ETPs to market, most recently the Polkadot ETP on Feb. 2
It became a choice between protecting Bitcoin’s open-source ethos or championing free-market fundamentals. In the end, community won out.
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.
Today was the first time bitcoin traded below $30,000 since Jan. 21.
A bullish bitcoin mentality appears to be forming in the options market while ether continues on its roller coaster.
Very low spot volume Thursday isn’t helping bitcoin's price.
Bitcoin fell by over $3,300 while options traders see ether going higher.
The price of bitcoin has traded in a tight range Tuesday.