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DeFi Tokens Take a Beating Amid Cryptocurrency Market Hemorrhaging

A marketwide selloff has accelerated and it appears that DeFi tokens are taking the biggest hits at the moment as many of them retreat further from their all-time highs. Cryptocurrency markets have dumped around $20 billion over the past 24 hours in a fall back to around $315 billion according to TradingView, but it has not been the largest daily slump of the year. Bitcoin’s 5% slide back to $10,400 has been the catalyst as usual, and the asset could fall even further when a platter of futures expire later