Bitcoin hits 103,600 USD but DeFi is a mixed bag: Finance redefined

Bitcoin hit 103,600 USD on May 8, 2025, marking a significant milestone and reflecting strong market support.

Following its recent Pectra upgrade, Ethereum’s price surged by 26%, enhancing its role in the cryptocurrency market.

Despite the rise of Bitcoin and Ethereum, Rootstock experienced a 7.2% decrease in total value locked, illustrating ongoing challenges within DeFi.

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