Top DeFi Coins SNX & AAVE Correct 10% as Bitcoin Moves Higher
While Bitcoin is up 3% In the past 24 hours, top DeFi names like Aave, Yearn.finance (YFI), and Synthetix Network Token (SNX) have dropped 5-10% in the past 24 hours. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom
Top DeFi Coins Drop Amid Bitcoin Rally
This drop in the DeFi market comes after an extremely strong move higher in the prices of DeFi coins, where leading names have rallied over 100% since their lows.
Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin
Rally Expected to Continue
The rally is expected to continue as the market seems to be underweight DeFi despite the strong surge already. Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
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Price tags: snxusd, snxbtc, aaveusd, aavebtc
Charts from TradingView.com
