With all this bullish bitcoin activity, the ETH/BTC pair has gone bearish, a sign traders are selling ether for bitcoin.
Bitcoin and ether had record-breaking days while trending more together.
DeFi and the prospect of trading futures have crypto investors scooping up ETH.
The amount of crypto in USD values locked in decentralized finance has reached $32.8 billion, a new high.
Bitcoin has been trending higher for two days but ether is in the spotlight now.
The last time bitcoin’s closing price was under $30,000 was Jan. 1, according to CoinDesk 20 data.
The investor spotlight is now shining on DeFi tokens and trading.
Crypto spot volumes rose to the second-highest level in over a month.
Today was the first time bitcoin traded below $30,000 since Jan. 21.
Its price fell Tuesday but the amount of BTC in DeFi is at its highest in over a month.