Bitcoin’s price is trending down and an Ethereum competitor is entering the DeFi race this weekend. Bitcoin (BTC) trading around $11,579 as of 20:00 UTC (4 p.m. ET). Slipping 2.4% over the previous 24 hours. Bitcoin’s 24-hour range: $11,348-$11,919 BTC below 10-day and 50-day moving averages, a bearish signal for market technicians.