Nov 12 2020

Why DeFi majors Yearn.finance, Aave, SNX plunged amid overnight BTC rally

published by Joseph Young
in blog CryptoSlate
original entryWhy DeFi majors Yearn.finance, Aave, SNX plunged amid overnight BTC rally

analysis btcusd defi yfiusd

Overnight, on November 11, the price of Bitcoin rallied by nearly 4% as it neared $16,000. While BTC showed strengthening momentum, decentralized finance (DeFi) majors, like Yearn.finance (YFI), Aave (AAVE), and Synthetix (SNX), underperformed. The trend spotted in DeFi in the last 24 hours,...

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