Market Wrap: Bitcoin Hangs Around $10K; Locked DeFi Value Drops
Open interest in bitcoin futures the past three months.Source: Skew While bitcoin was relatively quiet over the long U.S. weekend, decentralized finance, or DeFi, again stole the show in crypto surrounding the SushiSwap project, drama that Thomas hopes can fade quickly. DeFi value drops The second-largest cryptocurrency by market capitalization, ether (ETH), was down Tuesday, trading around $336 and slipping 3.3% in 24 hours as of 20:00 UTC (4:00 p.m. ET).
Ether locked in DeFi the past three months.Source: DeFi Pulse On the other hand, the number of bitcoin locked in DeFi is still trending up, crossing the 80,000 BTC threshold on Tuesday. Bitcoin locked in DeFi the past three months.Source: DeFi Pulse Other markets Digital assets on the CoinDesk 20 are mixed Tuesday.
