The Crypto Report: Bitcoin and Ethereum keep it steady while DeFi takes a breather

Global crypto markets opened at US$1.086tln this Monday morning, 1.3% lower from Friday’s trade.

Bitcoin was hovering above the US$23,300 price line in the opening hours, with Ethereum changing hands US$1,690.

The biggest weekend riser was decentralised storage protocol Filecoin, having rallied 70% to bring its market capitalisation above the US$2.5bln point.

Contributing to the rally was the announcement by Holon Global Investment of a Filecoin retail fund available to Australia-based investors.

The decentralised finance (DeFi) space took a small hit over the weekend, having dropped below the US$90bln total value locked (TVL) barrier.

One of the sharpest DeFi fallers over the weekend was decentralised exchange Uniswap, having shed 8.5% of its market cap.

Decentraland’s play-to-earn (P2E) token MANA briefly spiked above US$2bln on Saturday before dropping 10% to US$1.8bln in Monday’s opening hours.

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