Smart-contract and DeFi coins lead losses as bitcoin falls for fourth day

Major cryptocurrencies extended declines for a fourth day, with bitcoin slipping 2.5% to just below $62,400. The 20 Index (CD20) dropped 3.3%, while ether, XRP and solana were all weaker. The Smart Contract Platform Select Capped Index fell 4%, and the 80 and DeFi Select indexes followed close behind.

Market sentiment has soured around Strategy (MSTR) and its STRC preferred stock as investors worry the company and stressed bitcoin miners may be forced sellers after months of sub-cost BTC prices.

bitcoin, ether, xrp, solana, defi, smart contract, cd20, mstr, strc, miners