Bitcoin’s consolidation of around $42,000 continues as the asset is still unable to break above that level. Most altcoins are slightly in the green on a daily scale, except for Cardano. ADA has lost 20% of value in the past few days.Most alternative coins suffered in the past few days. Ethereum went from around $3,300 to just over $3,000. Now, though, the second-largest cryptocurrency has recovered some ground and stands above $3,100 after a minor increase on a daily scale.
The majority of the larger-cap alts are in a similar position. Binance Coin, Solana, Ripple, Terra, Polkadot, Dogecoin, Avalanche, and Shiba Inu are all slightly in the green. In contrast, Cardano’s native token has retraced by 3.5% in a day. ADA reached a multi-week peak at $1.65 a few days ago after anMore impressive gains come from FTX Token , Cosmos , Osmosis , and Hedera .This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:The crypto market cap has remained relatively still since yesterday and is still below $2 trillion.
Consequently, its market capitalization has failed to reclaim the $800 billion mark. Moreover, BTC’s dominance over the altcoins is at 40% after getting slightly reduced this week.
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Bitcoin will emerge stronger after stocks dip ‘10%–20%’ — Bloomberg analystFederal Reserve policy should mean markets see a long-awaited comedown of up to one-fifth, says Bloomberg Intelligence’s Mike McGlone.
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