Smart-contract and DeFi coins lead losses as bitcoin wilts for 4th straight day
Cryptocurrency markets are experiencing a downturn, with Bitcoin falling for the fourth consecutive day and smart-contract platforms seeing significant losses. Market sentiment is being pressured by concerns over MicroStrategy's debt structure and a broader sell-off in risk assets.
Why it matters
The decline reflects ongoing volatility in digital asset markets and investor anxiety regarding the financial health of major institutional Bitcoin holders.
It s not alone. The CoinDesk 20 Index (CD20) has dropped 3.3%, with ether (ETH), XRP (XRP) and solana (SOL) all weaker. The CoinDesk Smart Contract Platform Select Capped Index fell 4%, and the CoinDesk 80 and CoinDesk DeFi Select Index are following close behind .
The article provides a factual summary of market movements and analyst commentary without taking a stance on crypto viability.
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