Crypto Market Rebounds as DeFi and Bitcoin Lead Gains

Broad-based crypto market gains saw DeFi up 3.53%, Bitcoin above $78,000, and Ethereum surpass $2,300, while NFT and GameFi lagged behind.

BTC

ETH

38d ago

Summary

According to SoSoValue data, the cryptocurrency market experienced widespread gains, with DeFi tokens rising 3.53% in 24 hours. Bitcoin increased 1.75%, crossing above $78,000, and Ethereum advanced 2.41% past $2,300. Other sectors including Meme, Layer2, CeFi, Layer1, AI, real-world assets (RWA), and PayFi also posted gains. In contrast, NFT and GameFi sectors recorded declines, highlighting uneven momentum across digital asset categories.

Terms & Concepts

DeFi: Short for decentralized finance, it refers to blockchain-based financial services without centralized intermediaries like banks.
Layer2: Blockchain scaling solutions built on top of an existing Layer1 network to increase transaction speed and reduce costs.
CeFi: Centralized finance, a crypto ecosystem where services are managed by a central entity, such as exchanges or lenders.