{"id":563650,"date":"2020-09-05T15:13:58","date_gmt":"2020-09-05T12:13:58","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=563650"},"modified":"2020-09-05T15:13:58","modified_gmt":"2020-09-05T12:13:58","slug":"defi-tokens-hit-hardest-by-crypto-market-selloff","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/defi-tokens-hit-hardest-by-crypto-market-selloff\/","title":{"rendered":"DeFi Tokens Hit Hardest by Crypto Market Selloff"},"content":{"rendered":"
Quick take:<\/strong><\/p>\n Bitcoin’s recent drop from $12k levels to the $9,900 price area has left a huge dent on the entire crypto markets. A brief look at Coinmarketcap reveals that Ethereum is once again below the crucial $365 support area<\/a> and is currently trading at $357 at the time of writing. Additionally, XRP has once again lost the number 3 spot<\/a> to Tether (USDT) with over $3 Billion in market capitalization separating the two digital assets.<\/p>\n Besides the majors, DeFi tokens seem to be hardest hit by the ongoing crypto market selloff. Starting with ChainLink (LINK), the digital asset has lost the $12 support zone that had been identified alongside the 50-day moving average<\/a> as being a possible area for a bounce.<\/p>\n\n
DeFi Tokens Hit Hardest by Crypto Market Selloff<\/h2>\n