Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

From Cointelegraph

May 9, 2025 2:00 PM:

The cryptocurrency market soared past $3.27 trillion, with Bitcoin hitting $103,600 and reclaiming $100,000 for the first time since January. Ethereum’s Pectra upgrade led to a 26% price surge for Ether, reaching over $2,300. Rootstock saw a surge in mining participation despite a drop in total value locked. Crypto hacks in April reached $357 million across 18 incidents. AI DApps are gaining traction, with a 16% market dominance. Xapo Bank CEO sees Bitcoin-backed loans as the next logical step for investors. In DeFi, Pepe and Pudgy Penguins tokens saw significant gains.

Read more at Cointelegraph: Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined