DeFi Tokens Lead Market Higher As Bitcoin Price Seeks Momentum By Cointelegraph

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DeFi Tokens Lead Market Higher As Bitcoin Price Seeks Momentum

Several DeFi tokens saw their prices skyrocket on February 4 when prices (BTC) and Ether (ETH) traded sideways during the day. Aside from the general uptrend pervading the DeFi sector, positive feedback from big-name investors touting the benefits of blockchain and DeFi technology appears to be raising confidence across the sector. Currently, the price of Bitcoin is still struggling to regain the $ 38,000 level, and according to Cointelegraph analyst Marcel Pechman, major traders may have increased their short positions when BTC rallied towards $ 38,000 on February 3. Daily performance of the cryptocurrency market. Source: Coin360AAVE vs. MKR vs. 4-hour percentage growth chart COMP. Source: TradingView daily chart. Source: Coin360 Continue reading on Coin Telegraph

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