Aave leads DeFi higher as crypto shrugs off surging bond market
Aave jumped 11% on speculation over a token burn, with 72 of 100 CoinDesk 100 constituents higher even as the 10-year Treasury yield sat at 5.234%.
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Resumen
- Bitcoin recovered Monday’s losses to trade at $84,170, up 0.82% since midnight UTC, with the CoinDesk 100 adding 0.89% to 1,904.49.
- DeFi led again, the DeFi Select Index up 5.0% on aave’s 11% rise, after Stani Kulechov said a token burn may form part of the coming Aavenomics upgrade.
- The gains came despite the 10-year Treasury yield at 5.234% and the 30-year near a 2004 high, which drove U.S. stocks lower for a second session on Monday.
