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


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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