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DeFi is the word on everybody’s lips.
As Bitcoin attempts to find a bottom, altcoins continue to decline, opening up opportunities on the long and short side.
Decentralized finance, or DeFi, is captivating the crypto market, and that is causing weakness for bitcoin.
Bitcoin’s price is heading down while DeFi is helping Ethereum fees go up.
Bitcoin’s price hit its highest level in over 10 days while gas on Ethereum is in record use.
Bitcoin remains stuck in a tightening range but select altcoins may begin moving higher if they bounce off their key support levels.
The bitcoin market lacks momentum Friday but Uniswap’s value locked is on a roller-coaster ride.
A short-term bottom for Bitcoin and altcoins may be confirmed if the bulls do not allow the recent lows to be broken during the next fall.
Bitcoin price took another dive while DeFi is still looking mighty attractive to investors.