Bitcoin price is holding around $9,500 after a miner recovery from intraday lows on the day at $9,369. The struggle to defend the level at $9,500 comes after a devastating free-fall from highs above $10,000. Bitcoin had on Monday surged to levels above $10,400 but selling pressure took precedence as investors rushed to take profit.
Litecoin (LTC) has been trading in a tight range since the start of the day, consolidation large moves of the previous days. LTC/USD hit the low of $44.52 on Tuesday amid major sell-off on the cryptocurrency market and managed to recover to $46.20 by the time of writing. The coin has lost over 5% in the recent 24 hours and stayed unchanged since the beginning of Wednesday.
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The value of funds locked on smart contracts of decentralized finance applications (DeFi) reached nearly $1 billion after a sharp decrease in March amid global sell-off on the cryptocurrency market.
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