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Bitcoin outperforms equities in risk-off session as Iran conflict enters third day
📰 sources⭐ 9.0
TL;DR:
Bitcoin rebounded to $66,500 after weekend strikes on Iran triggered $300 million in liquidations. Oil jumped, equities slid and select DeFi tokens outperformed.
Key Points:
Background:
Decentralized Finance (DeFi) refers to financial services built on blockchain networks that operate without traditional intermediaries like banks. DeFi protocols enable lending, borrowing, trading, and earning yield on cryptocurrency assets through smart contracts.
Why It Matters:
DeFi represents a fundamental reimagining of the financial system, offering permissionless access to financial services globally. DeFi developments impact how value is exchanged, stored, and utilized in the crypto ecosystem, driving innovation in financial products and services.