Bitcoin’s price is slipping while the amount ether parked in DeFi is in neutral.
Bitcoin (BTC) trading around $11,397 as of 20:00 UTC (4 p.m. ET). Slipping 1.3% over the previous 24 hours. Bitcoin’s 24-hour range: $11,313-$11,730 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.
Bitcoin trading on Bitstamp since October 11.
Bitcoin’s price was able to crack $11,700 in the past 24 hours, going as high as $11,730 on spot exchanges such as Bitstamp. The world’s largest cryptocurrency by market capitalization then trended downward, dipping to as low as $11,313 before settling at $11,397 as of press time.
Despite bitcoin’s downward move Tuesday, Cindy Leow, portfolio manager for multi-strategy trading firm 256 Capital Partners, said its overall upward price trend since Oct. 8 has created