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Tuesday, May 6, 2025

First Mover Asia: Why DeFi Is Targeting the Institutions It Wanted to Topple; Crypto Prices Rally - CoinDesk

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Bitcoin (BTC): $19,310 +2.5%
Ether (ETH): $1,627 +5.8%
S&P 500 daily close: 3,979.87 +1.8%
Gold: $1,727 per troy ounce +1.6%
Ten-year Treasury yield daily close: 3.26% 0.07
Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices.
Bitcoin was recently trading at about $19,300, up more than 2% for this period after falling to $18,558 on Tuesday, its lowest level in two months. The largest cryptocurrency is now struggling to maintain support above $19,000 as investors shrink from the same Federal Reserve monetary hawkishness and macroeconomic uncertainty...



Read Full Story: https://www.coindesk.com/markets/2022/09/08/first-mover-asia-why-defi-is-targ...

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