DeFi tokens lead crypto lower as bitcoin (BTC) price gives up Wednesday’s surge
Summary
Bitcoin fell as much as 2.9% to below $82,000 amid a broader risk-off move after mixed Tesla and Meta earnings raised concerns about AI spending. Asian stocks and U.S. equity futures declined, while altcoins fell more sharply: ether lost 2.6% and the DeFi sector index dropped 5.6%. The declines came despite more than $1 billion in spot bitcoin ETF inflows over the first three days of the week. Solana’s Alpenglow upgrade went live, but SOL fell 2.4%. U.S. jobless claims were due later that day.
