Follow up to the hour updates on what is happening in crypto today, February 3. Market movements, crypto news, and more!
Author
Jai Pratap
Author
Jai Pratap
Part of the Team Since
Jun 2023
About Author
Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Crypto markets staged a broad-based rebound over the past 24 hours, led by strong gains in the DeFi sector. According to SoSoValue data, DeFi climbed 3.53%, with Hyperliquid (HYPE) surging 19.85% and Morpho (MORPHO) rising 9.10%. Bitcoin advanced 3.75% to recover above $78,000, while Ethereum gained 4.41% to break past $2,340. Other sectors also posted solid gains, including Meme tokens (+2.21%), Layer 2 (+1.83%), CeFi (+1.52%), and Layer 1 (+1.46%). AI, RWA, and PayFi sectors recorded modest advances, while NFT and GameFi were the only laggards, down 0.86% and 1.53%, respectively.
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Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.
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