Memecoins, AI, DeFi Lead Market Rebound
By Omkar Godbole (All times ET unless indicated otherwise)
The crypto market consolidated on Wednesday’s tariff pause-spurred price bounce with memecoins, AI and DeFi tokens standing out as the best-performing crypto sub-sectors. Coins including HYPE, HBAR and SHIB led the recovery.
Bullish technical patterns and a sharp overnight pullback in Treasury market volatility, as represented by the MOVE index, suggested further gains are in the offing. The China-sensitive Australian dollar extended Wednesday’s gain, offering positive cues to risk assets. U.S. equity futures, however, did not reflect that optimism, trading more than 1% lower.
Another note of caution showed in derivatives data. LTC, TON, BCH, BNB and PEPE were the only coins with…
