Q: Could you please tell us what happened to Defi today (Monday) at the open?
5i Research Answer:
The entire crypto market sold off heavily last week alongside the broader markets, but on the weekend, Trump announced he signed an order which directed a working group to move forward on a Crypto Strategic Reserve that included several crypto coins, as well as BTC and ETH. The crypto market rose as a result of this, which benefits DEFI. Many crypto miners and exchanges rose this morning following these events.