The DeFi sector’s wrestle coincided with a interval of lull within the crypto market, with bitcoin (BTC) and DeFi hotbed ether (ETH) consolidating range-bound under their March peaks. ETH, the second largest crypto asset, is down about 6% from its Monday highs and has erased most of its features since odds for regulatory approval for U.S. spot ETFs jumped in a single day in late Might.
