Market Wrap: Bitcoin Stalls Below $40K, Analysts Point to Risks in DeFi

Posted on by American Coins & Gold

Market Wrap: Bitcoin Stalls Below K, Analysts Point to Risks in DeFi
Bitcoin (BTC) held above $37,000 on Friday and was up about 3% over the past 24 hours. Meanwhile, some alternative cryptocurrencies began to stabilize after a volatile week.Analysts were also looking for signs of a possible bounce in equity markets, which could encourage crypto buying. So far, some traders appear to be on the sidelines in both traditional and crypto markets. The S&P 500 is roughly flat over the past week, compared with a 1% gain in BTC and a 3% drop in ETH over the same period.”Investors continue to withdraw from U.S. stocks amid the expected tightening of the…