DeFi Tokens Lead Crypto Higher on Macro Tailwinds
Decentralized finance tokens led broader cryptocurrency gains as Nasdaq futures rebounded and China reported GDP figures that beat estimates.
Decentralized finance tokens led a recovery across cryptocurrency markets, according to CoinDesk, bolstered by improving broader financial sentiment.
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The upward momentum in digital assets followed a rebound in Nasdaq futures and stronger-than-expected economic data from China, where gross domestic product figures beat estimates. Risk appetite improved across global markets, lifting crypto assets alongside traditional risk-on sectors.
Key facts
- Decentralized finance tokens led the broader cryptocurrency market higher.
- The upward movement coincided with a rebound in Nasdaq futures.
- China reported gross domestic product data that beat estimates.
Source: news.google.com
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