Smart Contract and DeFi Tokens Slide as Bitcoin Falls for Fourth Day

Bitcoin fell 2.5% in 24 hours to just below $62,400 as major cryptocurrencies extended losses for a fourth day. The CoinDesk 20 Index dropped 3.3%, while the CoinDesk Smart Contract Platform Select Capped Index fell 4%. Marex analysts said investors are pricing risk that Strategy may need to sell BTC to defend its STRC structure.
BTC0.91%
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