Cryptocurrency Market Sees Strong Rebound as Capital Flows into BTCFi, DeFi, and AI

The cryptocurrency market staged a rebound during the second week of August (Aug 10-16), with capital rotating into several high-performing sectors, according to data from HTX.

BTCFi led the way, with BTW surging 64% to top the weekly gainers list. Bitway is an infrastructure project designed to bring Bitcoin liquidity into DeFi markets worldwide and recently launched its Core Alpha incentive program.

The DeFi sector also recorded broad rallies, with COW increasing by 40%, OBT rising 30%, and LINK up 12%. These assets have been gaining traction due to their innovative approaches to trading experiences in the DEX space and enabling high-speed transactions across various networks.