Aave, Solana ecosystem tokens lead crypto rebound as bitcoin steadies near $60,000

Bitcoin found some footing around $60,000 on Friday after this week's selloff, but the biggest gains came from decentralized finance (DeFi) and the Solana ecosystem.

Leading the advance was the native token of Aave, the largest DeFi lending protocol, which jumped 19% over the past 24 hours. CoinDesk reported Thursday that crypto exchange Kraken is exploring a strategic investment tied to the lending protocol, acquiring a 15% stake at a $385 million valuation. Aave founder Stani Kulechov pushed back in an X post against the suggestion that Aave assets could be sold at a steep discount, reiterating that all protocol revenue — currently running at an annualized rate — remains intact.

For cryptocurrency traders, the rebound in DeFi and Solana ecosystem tokens signals a return of risk appetite after a period of uncertainty. The move comes as bitcoin stabilizes near the psychologically important $60,000 level, which has historically acted as both support and resistance. Live crypto prices and charts on NowPrice show how the market is reacting to these developments in real time.

Looking ahead, traders will watch whether bitcoin can hold above $60,000 and if the momentum in DeFi tokens continues. Key levels to monitor include bitcoin's next resistance near $62,000 and support at $58,000. The broader market sentiment will also be influenced by macroeconomic factors such as US Treasury yields and the DXY, which have been weighing on risk assets recently.