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CoinDesk 20 Takes a Hit: AAVE Drops 2.1% Amid Broad Crypto Pullback
CoinDesk 20 Takes a Hit: AAVE Drops 2.1% Amid Broad Crypto Pullback
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Crypto markets stumble as DeFi darling AAVE leads the slide.
The CoinDesk 20 index bled red today—with AAVE taking a 2.1% haircut. Traders shrugged off the dip like a bad NFT project, but the broader trend spells trouble for short-term bulls.
DeFi’s ‘blue chip’ isn’t immune. AAVE’s drop mirrors the index’s slump, proving even ‘institutional-grade’ crypto assets still dance to Bitcoin’s tune. Meanwhile, Wall Street still thinks DeFi is a type of margarita.
Silver lining? Crypto winters build diamond hands. Or so the bagholders keep telling themselves.
Leaders: POL (+6.4%) and LTC (+4.6%).
Laggards: AAVE (-2.1%) and XLM (-1.7%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
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