Its price fell Tuesday but the amount of BTC in DeFi is at its highest in over a month.
Bitcoin fell by over $3,300 while options traders see ether going higher.
The price of bitcoin has traded in a tight range Tuesday.
Bitcoin may be down now but there is still growing demand for crypto assets, one analyst said.
Bitcoin’s price is on a rising trend for the first time this week.
Though bitcoin's rally has lost some steam, many traders are still in a bullish mood – and shifting to alternative cryptocurrencies known as "altcoins" whose prices have yet to clear all-time highs from years past.
Bitcoin’s huge sell-off by over $8,000 in the past 24 hours while options traders clearly are betting that ether is overvalued.
Profit-taking helped lead bitcoin lower Monday while more investors are eyeing ether with great interest.
Bitcoin dipped Monday as some liquidations took hold while Ethereum 2.0 dynamics have influenced the amount of ether locked in DeFi.
Bitcoin’s price is setting records again Thursday as decentralized finance may be overlooked in a heated crypto market.
Litecoin hasn't been in three figures since its second mining reward halving in 2019.
Bitcoin is now solidly above $20,000 and a short supply and rising demand could push the price higher.
Bitcoin’s price dipped below $18,000 for the third straight day while an increase in active Ethereum addresses is fundamentally positive.
A bit of bitcoin price dumping occurred Monday while some investors dove back into DeFi with their ether.
A combination of volume, derivatives action and infrastructure improvements led bitcoin’s price to go where it hasn’t gone before. Ether is looking supremely bullish, too.