Crypto Market Finds Footing on Institutional Support – eToro Crypto Roundup

Crypto Market Finds Footing on Institutional Support – eToro Crypto Roundup


OUR STORY                 DISCOVER CRYPTOCURRENCIES                  NEWS AND UPDATES

Bitcoin falls another 10% as DeFi coins show resilience.

Bitcoin is searching for firm footing around $35K after another week of volatility has washed over the market.

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The leading cryptoasset hit lows above $33K on Sunday before bouncing, with bullish momentum supported by some of the loudest voices in institutional investing. Ray Dalio admitted to owning Bitcoin at Consensus last week, saying he’d prefer holding it over bonds in the event of inflation. Meanwhile, famed investor Stanley Druckenmiller said that he thinks “Bitcoin has won the store of value game.”

Although the entire market has shrunk in the latest sell-off, DeFi coins represent a growing slice of the pie. Chainlink and Uniswap have

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