The gloom of old altcoins

📆 6/4/2024 2:42 PM
📰 SATodayNews

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The cryptocurrency market increased modestly by 0.35% in 24 hours to $2.53 trillion. Bitcoin rose by 0.7% in that time, Ethereum changed a little, and many altcoins came under slight pressure.

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Altcoins have a little more gloom. XRP, Cardano, and Litecoin are moving downwards, sticking to their 50-day moving averages for more than a week now. The market is clearly taking its time getting rid of former stars. It’s a logical process, but as applied to cryptocurrencies, it also says that we’re not yet in FOMO mode when all the names are added up.Fidelity’s spot, Ethereum-ETF, has appeared on the US National Settlement Depository’s asset list.

Elon Musk denied Bloomberg’s publication that he is Trump’s cryptocurrency adviser. According to him, “he certainly never discussed cryptocurrencies with Trump.” The New York Stock Exchange has allowed the launch of cryptocurrency trading under a regulatory framework.

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Bitcoin waits for the Ethereum story to developThe crypto market cap has stabilised at $2.6 trillion after an impressive surge following the Ethereum rally. Among the top coins over 24 hours, Toncoin is leading the decline, falling 5%, while Dogecoin is leading the way with a 3.4% increase. Bitcoin is losing 1.
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