Bitcoin Slips Below $30,000 as DeFi Hype Fades

Send Timeļ¼š2024-04-19 21:59:36

The price of Bitcoin (BTC) has been trading above the $60,000 mark for the past few hours, with buyers showing strong support for the asset. Despite aThe cryptocurrency market experienced a rollercoaster ride this week, with Bitcoin (BTC) and Ethereum (ETH) leading the charge. Despite some volatilitBitcoin (BTC) is approaching a key resistance level near $52,000, after a series of short-term price increases that have pushed the cryptocurrency's vThe Bitcoin price has been trending upwards since its recent low in April, with a series of higher highs and higher lows. This upward momentum has pusVanEck's recently launched Bitcoin exchange-traded fund (ETF) has seen strong demand from investors, but competition in the space is heating up. The VIoTeX, the second-largest blockchain network by market capitalization, has seen significant growth in its staking ecosystem with the integration of LiBinance, the largest cryptocurrency exchange by volume, has seen a significant increase in liquidity and volatility in its TUSD (TrueUSD) trading pair

Ethereum's Ether (ETH) has been on a tear in recent weeks, outperforming Bitcoin (BTC) and other major cryptocurrencies. According to data from Kaiko,The Bitcoin price has been trending upwards in recent weeks, with a strong uptrend in place since July. The current price is around $47,000, and the 2FTX, a popular cryptocurrency exchange, has filed for bankruptcy, citing a massive shortfall in assets. According to a recent report, the exchange hasBitcoin withdrawals have resumed after a brief pause, with fees reaching record highs. The current fee for a standard transaction is $28,935, a 309% iBinance's native token, BNB, has seen a significant increase in value over the past few days, with some investors protecting their gains by moving theBinance CEO Changpeng Zhao (CZ) has pleaded guilty to money-transmitting charges, and his sentencing is expected to have a significant impact on the BDespite recent setbacks, the crypto market remains optimistic, with many investors looking to buy the dip and ride out the current volatility. The mar