DeFi Tech Rides Crypto Wave as Bitcoin Soars and Nasdaq Grants Reprieve

DeFi Technologies has benefited from the recent surge in digital-asset markets, rising 7.6% to €0.5145 on the Frankfurt exchange.

The company's shares have been gaining ground over the past few weeks as a broad revival across crypto markets takes hold.

Bitcoin led the charge, posting a 24.8% gain in just seven days, with strong interest rate expectations and heavy inflows into exchange-traded funds driving the rally.

DeFi Technologies' share price has now stretched its gap above its 50-day moving average to 16%, but the company's fundamental picture remains challenging, with a 76% decline in value over the past year.