Market Wrap: Bitcoin Briefly Slips Below $19,000; ETH Locked in DeFi Crosses Over 7M

“Weak longs” might be causing the price to slip in the bitcoin market but ether locked in DeFi is back on the upswing.

  • Bitcoin (BTC) trading around $19,067 as of 21:00 UTC (4 p.m. ET). Slipping 0.68% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $18,923-$19,433 (CoinDesk 20)
  • BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.

Bitcoin trading on Bitstamp since Dec. 4.
Source: TradingView

A fairly tepid market Monday opened the week, keeping…


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