Bitcoin has been trending higher for two days but ether is in the spotlight now.
The last time bitcoin’s closing price was under $30,000 was Jan. 1, according to CoinDesk 20 data.
The investor spotlight is now shining on DeFi tokens and trading.
Its price fell Tuesday but the amount of BTC in DeFi is at its highest in over a month.
There appears to be strong support around $30,000, according to traders.
Bitcoin may be down now but there is still growing demand for crypto assets, one analyst said.
Bitcoin hit a brand-new all-time high as traders are piling into ether futures.
Profit-taking helped lead bitcoin lower Monday while more investors are eyeing ether with great interest.
With XRP’s sell-off, bitcoin’s dominance increases. However, the derivatives market hints at more volatility ahead for the world’s leading cryptocurrency.
Bitcoin is making gains after a strong volume weekend while ether’s percentage of BTC price shows it may have room to climb.