Bitcoin (BTC) price spent the better part of this week in uncharted territory and devoid of upward momentum as it tested the 200-day Exponential Moving Average (EMA). However, the outlook could change depending on how the bulls play their hand from here on out.
Pendle Finance’s total value locked (TVL) skyrocketed to $3.97 billion on Thursday following significant increases in the protocol’s fees and trading volume, according to data from DeFiLlama. The significant increase follows an influx of tokens from restaking protocols leveraging Pendle to improve their yields.
Ethereum (ETH) sustained its consolidating movement for the second day on Thursday, trading above $3,300 after crashing earlier in the week. While this may signify indecisiveness among bulls and bears, its Q1 results show steady growth across various sectors even as community members debate on its commodity status.
