Bitcoin’s price is dipping while ether’s share of the crypto market is at a level not seen since 2018.
Cryptocurrency analysts attributed the drop to a combination of risk-off sentiment in traditional markets, DeFi exhaustion and miner selling.
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.
Ether option contracts listed on Deribit, the largest crypto options exchange, are more popular than ever.
Bitcoin fell by $400 Wednesday morning, having failed once more to move above a long-held resistance level.
Traders are optimistic bitcoin’s price can sustain $12,000 while crypto locked in Uniswap has exploded in the past week.
The two-year high was reached alongside a drop in the number of coins held in exchange addresses.
Bitcoin’s price jumped to $11,784 while the top decentralized exchange crossed a half-billion dollars in daily trading volume.
Bitcoin made gains Friday, both in price and what's locked in DeFi.
Bitcoin's price gyrated by over $450 during and after Fed Chair Powell’s comments while Ethereum’s gas congestion continues.
Bitcoin price is trending up while crypto keeps flooding into DeFi.
Bitcoin’s price plunged Tuesday while DeFi is giving Ethereum miners more fee revenue, causing difficulty to hit a 2020 record.
The success of DeFi on the Ethereum blockchain has brought traders more than just congestion and high transaction fees: Volatility in ether prices.
Many bitcoin stakeholders expect a weak market this week to cap August while DeFi continues to stretch Ethereum’s network.
Investors are pricing more volatility in ether compared to bitcoin. It's yet another consequence of this year's boom in decentralized finance, or DeFi.