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Bitcoin and select altcoins show resilience even as the crypto market sell-off continues

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Several altcoins declined by 15% or more in the past week. noshitcoins investigates whether the situation will worsen or improve in the short-term.

if scaling doesn’t go through. In a June 9 post via his personal blog, Buterin explained that the success of Ethereum depends on layer-2 scaling, wallet security, and privacy-preserving features.Perpetual contracts, also known as inverse swaps, have an embedded rate that is usually charged every eight hours.

Excessive buying demand tends to pressure the indicator above fair value at 100%, and during bearish markets, Tether’s market offer is flooded, causing a 2% or higher discount.Currently, the Tether premium at OKX stands at 99.8%, indicating a balanced demand from retail investors. Consequently, the indicator shows resilience considering the cryptocurrency markets dropped 17.7% over the last eight weeks to $1.06 trillion from $1.29 trillion.

 

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