DeFi and the prospect of trading futures have crypto investors scooping up ETH.
Category: Commodities
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The amount of crypto in USD values locked in decentralized finance has reached $32.8 billion, a new high.
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.
Crypto spot volumes rose to the second-highest level in over a month.
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 fell by over $3,300 while options traders see ether going higher.
The price of bitcoin has traded in a tight range Tuesday.
The technology is aimed at tracing commodity flows in near real-time.