Home Ethereum Bitcoin and Ethereum keep it stable as DeFi takes a break

Bitcoin and Ethereum keep it stable as DeFi takes a break

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Global crypto markets opened at US$1.086 billion on Monday morning, down 1.3% from Friday’s trade.

Bitcoin was hovering above the US$23,300 price line in the trading hours, with Ethereum changing hands at US$1,690.

The biggest rise over the weekend was decentralized storage protocol Filecoin, which rose 70% to take its market capitalization above US$2.5 billion. The announcement by Holon Global Investment of a Filecoin retail fund available to Australia-based investors helped the rally.

The decentralized finance (DeFi) space took a small hit over the weekend, after falling below the US$90 billion total value locked (TVL) barrier. Decentralized exchange Uniswap, which lost 8.5% of its market capitalization, was one of the biggest DeFi failures of the weekend.

Decentraland’s MANA play-to-earn (P2E) token briefly topped US$2 billion on Saturday before falling 10% to US$1.8 billion in Monday’s opening hours.

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