The cryptocurrency market surged as Bitcoin reached $103,600, marking an 8.6% increase in digital asset market capitalization. This surge reflects Bitcoin's market dominance exceeding 60%, bolstered by a major trade deal announcement by US President Donald Trump. Meanwhile, Ethereum's Pectra upgrade resulted in a 26% price increase for Ether. However, the DeFi landscape faced declines, with Rootstock's total value locked (TVL) dropping by 7.2%. Notably, crypto hacks in April stole nearly $360 million, highlighting ongoing security issues despite previous major incidents. In decentralized applications (DApps), AI DApps increased their market share to 16%, indicating a potential shift in focus from traditional gaming and DeFi. Xapo Bank’s CEO noted a growing trend of Bitcoin-backed loans as holders seek liquidity without selling their assets. Overall, while Bitcoin thrives, the broader DeFi sector struggles with declining values and security challenges.

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