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DeFi sector tokens offer shelter as Bitcoin falls below $48.5K
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The cryptocurrency market slid lower on Dec. 28 as the price of Bitcoin (BTC) lost nearly $4,000 in value in a matter of hours with bulls now looking to secure support at $48,500 to prevent further losses.
In the midst of the market-wide drawdown, the decentralized finance (DeFi) sector of the crypto ecosystem has offered some traders shelter from the storm, with several tokens seeing gains in excess of 30%.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Harvest Finance (FARM), QuickSwap (QUICK) and Aragon (ANT).
Harvest Finance is a DeFi protocol designed to automatically farm the highest yields available from across the ecosystem and optimize the yields users receive through
Read more on cointelegraph.comAbout this in other media
Bitcoin dip below $40K follows Fed signal of a possible fourth rate hike in 2022 cointelegraph.com /2 years ago
Bitcoin dips below $40,000 as crypto slump deepens in the wake of risk-off shift spurred by hawkish Fed markets.businessinsider.com /2 years ago
Bitcoin slides below $40,000 to a 5-month low livemint.com /2 years ago
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