Bitcoin, ether slip as DeFi tokens lead broader crypto selloff

XLM and LIT outperformed despite market weakness, while Bitcoin and ether moved closer to closely watched support levels.

BTC
XLM

Summary

Bitcoin and ether moved lower and approached key support levels in a broader crypto market decline. DeFi (decentralized finance) tokens were the weakest segment, suggesting heavier risk-off selling in more speculative parts of the market. Even so, XLM and LIT diverged from the broader downturn and outperformed as most major digital assets softened.

Terms & Concepts
  • DeFi: Decentralized finance applications on blockchain
  • support levels: Price zones where buying may emerge