Layer-2 and DeFi tokens lead broad crypto advance as post-Fed hike nerves fade
60-second summary
Starknet and Arbitrum surge over 17% as the 10‑year Treasury yield falls below 5%, sparking a broad crypto rally with 98 of CoinDesk’s 100 constituents advancing. The layer‑2 and DeFi token gains reflect easing post‑Fed‑rate‑hike nerves, boosting market sentiment and suggesting continued upside for risk‑on digital assets and attracting fresh capital inflows.
Starknet and arbitrum gained more than 17% while the 10-year Treasury yield slipped back below 5%, with 98 of CoinDesk 100 constituents advancing.