DeFi tokens lead the market higher as Bitcoin price searches for momentum
Cointelegraph
Published Feb 04, 2021 10:54PM ET
Updated Feb 05, 2021 12:40AM ET
Several DeFi tokens saw their prices breakout on Feb. 4 as Bitcoin (BTC) and Ether (ETH) prices traded sideways for the day. Aside from the general bullish trend permeating the DeFi sector, positive comments from big-name investors touting the benefits of blockchain technology and DeFi appear to be lifting sentiment throughout the sector.
Currently, Bitcoin price is still struggling to reclaim the $38,000 level and according to Cointelegraph analyst Marcel Pechman, top traders may have added to their short positions as BTC rallied toward $38,000 on Feb. 3.
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Written By: Cointelegraph
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