Bitcoin Drops Below $70K While Mutuum Finance Surges
Bitcoin has fallen nearly 5% this week, approaching the $65K support, as Mutuum Finance achieves a $230 million TVL milestone in decentralized finance.
Bitcoin has dropped below the $70,000 mark, declining approximately 4.8% in the past week. This downturn has traders speculating a potential dip towards the $65,000 support zone, influenced by broader macroeconomic factors. Rising oil prices, increased U.S. Treasury yields, and expectations of sustained high interest rates from the Federal Reserve are adding to bearish sentiment in the market. Meanwhile, Mutuum Finance has reported reaching a total value locked (TVL) of $230 million, marking a significant achievement in the decentralized finance sector.
Crypto
