The Return of Whales and Bitcoin Fluctuations.. Altcoins Lead a Surge Revolution!
Ether (ETH) and Dogecoin (DOGE) recorded strong gains on Wednesday, rising by 9% over the past 24 hours, reinforcing the ongoing bullish trend that has seen both cryptocurrencies achieve double-digit gains over the past week.
The broader cryptocurrency market showed modest gains, with the total market capitalization increasing by 1.7%, while Bitcoin (BTC) stabilized around $103,700 during Asian morning hours.
Ether traded above the $2,600 level, while Dogecoin's price reached around 24 cents. XRP, BNB from the BNB chain, Cardano (ADA), and Solana (SOL) recorded gains ranging from 3% to 5%. Warnings of Profit-Taking Amid Macroeconomic Pressures
Despite the clear gains of most altcoins, traders in the market began to feel the pressure of global markets and warned of the potential for short-term profit-taking. The rise of the dollar and renewed trade tensions have tempered momentum, even as Bitcoin approaches record levels.
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