BTC/USD bounces off intraday low of $35,576 to tease the $36,000 threshold, currently around $35,860, during early Monday. The crypto major dropped to the lowest since January 13 the previous day but failed to provide a daily closing below 21-day SMA.
Yearn.Finance brushes shoulders with $40,000 overshadowing Bitcoin’s $36,000
Yearn.Finance has consistently recovered from the recent dip to $25,000. The price drop was not unique to the decentralized finance (DeFi) token but affected the entire cryptocurrency space. Bitcoin tumbled to $30,000, while Ethereum retested $900. On the other hand, Ripple’s mission to hit levels at $0.4 was cut short, with losses hitting $0.25.
Uniswap is ending the week in style despite Bitcoin’s uncertainty growing. BTC dived to $34,000 this week, hampering the expected rally to $40,000. The leading decentralized finance (DeFi) is up 12% on the day after establishing support at $8.