Bitcoin (BTC) advances the pullback phase below the $115,000 level to test a crucial dynamic support, the 50-day Exponential Moving Average (EMA), at press time on Monday. The pullback spreads amid broader market fear, resulting in liquidations of over $500 million in the last 24 hours.
The Decentralized Finance (DeFi) segment is regaining popularity driven by a surge in Total Value Locked (TVL) and an increasing user base, as investors' growing risk appetite fuels a capital rotation from Bitcoin (BTC) to Ethereum (ETH), Solana (SOL), and other top layer-1 cryptocurrencies.
XRP dropped 12% on Wednesday amid Nature's Miracle's plan to launch a $20 million reserve focused on the remittance-based token.