DeFi Tokens Fall About 6% as Bitcoin Drops Below $82,000

Bitcoin (BTC) fell below $82,000 in early U.S. trading Thursday as decentralized finance (DeFi) tokens posted steeper losses and equity futures declined, reversing part of Bitcoin’s climb to nearly $84,800 late Wednesday.

A DeFi index fell about 6% from 8 p.m. ET Wednesday (00:00 UTC Thursday). Curve DAO Token (CRV) lost 8.2%, Ethena (ENA) fell 7.2% and Uniswap (UNI) declined 5%.

Nasdaq-100 futures fell 1.32%, while S&P 500 futures lost 0.66% in early U.S. trading. By the 4 p.m. ET close (20:00 UTC), the Nasdaq Composite was down 2.6% and the S&P 500 had fallen 1.2%.

Meta reported third-quarter revenue of $64.601 billion, up 26% from a year earlier, and operating income of $12.988 billion, down 37%. Its costs included a $9.89 billion legal charge. Meta projected 2026 capital expenditures of $135 billion to $145 billion, including finance-lease principal payments. The forecast raised the low end of its previous $130 billion-to-$145 billion range while keeping the high end unchanged.

Meta founder and CEO Mark Zuckerberg said, “Our investments are paying off, the core business is strong, and we're seeing velocity across the board.”

Tesla reported third-quarter revenue of $28.046 billion, compared with $28.095 billion a year earlier. Tesla’s net income for common stockholders was $787 million, down from $1.373 billion a year earlier.

Bitcoin later moved back above $82,000 Thursday, while Ether (ETH) rose above $2,400 in a later market update.