Market Wrap: Bitcoin Slips to $30.8K While Investors Plow BTC Back Into DeFi

From  www.coindesk.com

Its price fell Tuesday but the amount of BTC in DeFi is at its highest in over a month.

Bitcoin has been in a $30,000-$35,000 range for almost a week at a time when some market participants are seeking out ether and other crypto to trade during the perceived doldrums.

  • Bitcoin (BTC) trading around $32,003 as of 21:00 UTC (4 p.m. ET). Slipping 4% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $30,875- $32,967 (CoinDesk 20)
  • BTC above the 10-hour but below the 50-hour moving averages on the hourly chart, a sideways signal for market technicians.

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Bitcoin Explained from Duncan Elms on Vimeo.

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